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Here are some helpful tips from a Good Neighbor!
Keep your records organized
- Discuss your record keeping needs with an attorney or tax accountant who can advise you on what items you need to retain.
- For tax purposes, keep copies of all business-related receipts and records such as bank statements, charge account statements, receipts for cash purposes and mileage logs.
- If you make cash purchases, write the date of purchase and item purchased on the receipt if they're not clear.
- Keep business and personal finances separate with two bank accounts -- one for business and the other for personal use.
- Keep all records in a locked file cabinet.
Keep your home and business safe
- Secure your windows and doors. Keep office equipment away from areas where it can be easily seen and stolen.
- Light your premises well, both inside and out.
- When you're away, consider hiring a house sitter.
- Consider the need for an alarm system.
- Check your smoke detectors frequently.
- Have an electrician check wiring and power maximums. Office equipment may exceed regular wattage.
