Tax No Tuesday Episode 46: 3 Financial Records you need to Prepare
Welcome to TaxNoTuesday! With new changes on tax laws, the IRS also intensify the audit for business owners especially if you are rounding off and estimating your income and expenses. here are the top 3 financial records you always need to prepare before filing your taxes. 1. Profit and Loss statement which shows revenues and expenses during a particular period. 2. Balance Sheet reports the dollar amounts of a company's assets, liabilities, and owner's equity 3. Cash flow tells you the amount of cash entering and leaving a company How to get and claim these credits are things WYCOTAX can help you with. WYCOTAX will finish what you have started! We will close your books and file your taxes on time by being a Loyal Member NOW! For every IRS regulation there are limitations. Thank you for watching. Tune in every Tuesday for more tips! For more details Please like our Facebook Page: www.facebook.com/wycotax #WYCOTAX #TaxNoTuesday #TaxPlanning
