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'Check' This Tax and Business Strategy

'Check' This Tax and Business Strategy

Business is a product if strategy. Someone a long time ago knew that if there was demand, any product could be marketed for profit. This is not news to any one. Regardless if you are having a yard sale or running your own corporation, there are certain strategies that successful businesses follow to ensure smooth operation. This applies to front of house as well as back office. Back office duties include a large amount of record keeping. One large portion of the records is designated to taxes.

Taxes are a large part of everyday life. As a business, taxes are a very important to keep record of. One of the best strategies for keeping records straight is using three-part checks. By using a separate checkbook and three-part checks, it will prove to be a low-cost and effective way to maintain tax records. Three-part checks are easy to use as well. Part one is the original part of the check. This part is sent directly to the vendor or payee. Part two is to be kept and filed in the vendor (or payee's) file. Attach this part of the check to any receipts or invoices so they are kept together to avoid any confusion. Part three is simply for reference. For yourself, or the IRS. This can be kept in a separate file, traditionally numerical, for easy access.

The use of three-part checks is a great way to maintain a clutter free and manageable record system. As a part of strategy, it may be the key to that smooth operation that keeps a business running like a well-oiled machine.

 

*Thanks to "Tax Strategies For Business Professionals" by Sandy Botkin for the facts and information provided in this article.





Check This Tax and Business Strategy - To learn more about this author, visit Ruth Pringle's Website.

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Anne Barr
Anne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website

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George Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance. Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson. His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more. George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website

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David Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website

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David Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns.  David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website


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Ruth Pringle
(Visit Ruth's Website) My husband and I started our own business through Carbon Copy Pro. I was on unemployment and my husband was working in the little shop that is nextdoor to our house. We are very proud of our business and the success it has brought us. We have 2 boys. The oldest is 2 1/2 years old and the youngest is 6 months old. Currently, we are happy with just the two, but you never now what the future will bring! We both grew up in the small town of Fowlerville, MI and lived down the road from each other. After we graduated, we went our seperate ways for a few years, but ended up back in Fowlerville and we were married soon after. We now live in a smaller town next to Fowlerville and hope to continue to raise our family here.

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