Year-end is a good time to review your business
records and make a plan for the coming year.
Orderly records are signs of a well-run company. Sloppy records
can drain productivity and profits, derail a deal, or get you
in trouble with the regulatory authorities.
Are your business records in order?
- Accounting & Tax Records?
- Correspondence Records?
- Corporate Records?
- Insurance Records?
- Personnel Records?
Check out the “Record Retention Guide” provided
by Denise Cataldo, CPA, PC, at http://www.smartfast.com/pdf/record_retention_guide.pdf.
It provides valuable information about the type of records
and the length of time they need to be retained. For more information,
go to http://www.cataldocpa.com.
In conclusion, a business records check-up can yield significant
benefits for your company. Finding that you’re out
of compliance in the midst of a deal or crisis can be a painful
ordeal. As always, an ounce of “prevention” is
worth thousands of dollars of “cure.”
Looking forward to the New Year, I urge you to take the time
to learn from the prior year. What are you going to do differently
to make your business more successful?
Happy New Year!
Jean D. Sifleet, Esq., CPA
Business Attorney
120 South Meadow Road
Clinton, MA 01510 USA
t.978-368-6104
f. 978-368-6105
c.978-618-2162
www.smartfast.com
To subscribe, please fill out the form below.
Jean Sifleet, business attorney, CPA and three-time entrepreneur, is pleased to announce the release of her new book, Advantage “IP”: Profit from Your Great Ideas. Visit the Smartfast Bookstore for details, and to order the book.
