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		<id>https://indivisibilities.com/wiki/index.php?title=User:Millingtown291&amp;diff=7808</id>
		<title>User:Millingtown291</title>
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		<updated>2012-01-25T18:12:48Z</updated>

		<summary type="html">&lt;p&gt;Millingtown291: Created page with &amp;quot;It&amp;#039;s a new year and as a entrprenuer, you&amp;#039;re probablysearching for to  better your [http://www.millingtonandcompanycpas.com/wordpress/ small business  accounting], to not get rea...&amp;quot;&lt;/p&gt;
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&lt;div&gt;It&#039;s a new year and as a entrprenuer, you&#039;re probablysearching for to  better your [http://www.millingtonandcompanycpas.com/wordpress/ small business  accounting], to not get reamed with taxes and to improve. There are a  variety things you can do in order to make tax time go more  smoothly. I&#039;ve put together a few things here  to think about as you start off the new  year and make your way through the tax  season?&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;Family Businesses Should Always Have a Separate Bank  Account&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;Should you ever find that the IRS is taking an interest in you and your company and  start looking closely, you need to realize that they scrutinize  over every little singledetail of money changing between  hands between family members when there&#039;s a family business  involved. So if your business is a family business, ensure to use separate bank accounts so there&#039;s no possibility of being accuse of fraudulent  spending. You should have an account for your personal finances and one  for your family&#039;s small business. If you do this,  you&#039;ll also make any future  [http://www.millingtonandcompanycpas.com/wordpress/analysis financial statement analysis]  easier, as the cash flow is much more  defined.&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;Suspicious Activity with Independent Contractors&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;If your  small business doesn&#039;t have many  employees, the IRS is pretty quick to assume  payments you make to independent contractors are  fraudulent. So for any payments you issue to  contractors, make sure that you&#039;re getting a 1099-MISC from the  contractor, as well as a 4669 (Statement of Payments Received). If you are proactive in making certain you have all of this  documentation then you make it easier on yourself to  prove to the IRS all your payments have been  legit.&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;Tracking Receivables that are Overdue&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;Although  some people may take offense, this is something that every money smart small  business owner will do? when a check is reported to  be on the way from a client or customer, politely request that they provide you with the check number and the date they wrote it. That way, you can track  it easier and you have record of it on hand.&lt;/div&gt;</summary>
		<author><name>Millingtown291</name></author>
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