SIMPLIFYING YOUR FINANCES

Keep receipts for social media ads for at least 3 years  to comply with IRS requirements and support tax deductions. In some cases, keeping them for up to 7 years is advisable. Here’s a breakdown of best practices for retaining social media advertising receipts: 🧾 IRS Guidelines for Business Expenses Minimum retention period: 3 years    The IRS generally requires businesses to keep records that support income, deductions, or credits for at least three years  from the date th

Managing finances can often feel overwhelming, especially for small business owners and freelancers. With numerous transactions, invoices, and receipts to track, it’s easy to lose sight of your financial health. This is where professional bookkeeping comes into play. By employing a skilled bookkeeper, you can simplify your financial processes, gain valuable insights, and focus on what you do best—growing your business. What is Professional Bookkeeping? Professional bookkeepin