Every day, in cities across the country, people are being prosecuted or convicted of tax crimes. You should view these cases as warnings and act accordingly. Thomas and Brenda Ellis of Richmond, Va., had what many would consider a great business for cheating Uncle Sam. They were the owners of Buzz Thru Car Washes, an automated car wash… Read More »
Accurate recordkeeping is essential to the success of any type of business. Unless you are educated in accounting and have previous recordkeeping experience, you will probably find keeping track of your business’ finances a real challenge. The task is so overwhelming for many people, their businesses actually fail as a result of poor accounting practices.