Like any other process, connecting has rules and strategies. These strategies and rules are simplistic - but they are not simple. In order for them to work - you have to implement them...

People want to do business with their friends.

The IRS requires we keep documentation for a period of time in anticipation of their requesting proof of transaction to verify information communicated on a tax return. Depending upon the transaction, length of time to keep these records varies. Following is a comprehensive list:

The IRS requires a business firm to retain records to substantiate its tax returns. Following is a detailed listing of what records and how long.

Small businesses make up more than 99 percent of all American businesses, according to the U.S. Small Business Administration. The success of a small business rests upon the owner’s ability to sell. Business owners have about 50 different hats to wear, but the selling function is the biggest. Without the sales hat, the other hats are useless.

Starting a small business is a potentially very rewarding endeavor yet is also one that can cause a great deal of problems in one´s life.

Starting a business is pressure enough. Trying to find loans for business start ups is doubly difficult. Your local Small Business Development Center can help.

A business is an entrepreneur’s creation and his way of achieving success for the vision, which he has in mind. More and more small businesses are making an appearance in every sector and industry as more people are becoming independent and want to establish their own identity. However, a start up needs to be handled with extreme care and caution and requires much more effort in its day to day working than an already established big business.

To support your growing business needs, you should have the knowledge to keep the score. At regular periodic intervals at the business meetings, the questions related to the transactions going on, require a proper answer. On the basis of the mutual sharing of data, financial statements can be used for the growth of any organization.

Many of us create numerical reports using Excel spreadsheets. Unfortunately, numbers don't always speak for themselves. You can make Excel spreadsheets more comprehensible by accompanying them with a written interpretation in the form of a Word document.

You see negative inventory in your QuickBooks. If you find negative inventory numbers, even if you have not yet discovered anything amiss, any Profit and Loss (and many other reports) will not be correct.

You have several items on an invoice to a customer. Some of the items are taxable, and some are not. You mistakenly applied sales tax to all the invoice items. The invoice was paid in full, and the error was discovered later. How do you proceed?

You have applied a credit to the wrong invoice. The client is having a hard time figuring out how fix the error.

On July 26, 2008, Congress passed the American Housing Rescue and Foreclosure Prevention Act of 2008. President Bush signed the measure into law on July 30.

Individuals and organizations with 25 or more trucks, tractors or other heavy vehicles used on highways now are required to make their excise tax filings with the Internal Revenue Service electronically, rather than by paper.

Most owners assume they are "insured." But it's the coverage they don't have that can put them out of business. Is your firm overlooking insurance it needs?

Consumers: Even if your credit/debit card never leaves your sight, you can still become a victim of fraud or identity theft and need to be prepared to act quickly to minimize the damage.

When it comes to a loan of any type, ... business loan, mortgage, car loan, etc., it does not matter what your title, your sex, your race, your adult age, or anything else for that matter, your credit history and your credit scores will determine what you can and cannot do in life and how economically frugal you can be as a result of taking care of your credit.

In addition to the new recovery rebate credit, the Economic Stimulus Act of 2008 (ESA) contains provisions designed to encourage businesses to invest in new equipment and machinery.