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'Tis the season for many things. Holidays and
get-togethers with family and friends, of course. It's also
the season of added income potential for many businesses.
Yet, it also means the annual tradition of "tax
time" is lurking around the corner. To help navigate your
way through the sometimes choppy and uncharted waters of the
tax code, the IBOAI recommends a resource prepared with you
in mind: IBO Bookkeeping 101. This guide is essential
for dealing with tax issues and your business, and it's
available in U.S. and Canadian versions.
IBO Bookkeeping 101 offers simple yet
top-notch advice on how to properly maintain your records
while building. Failure to keep adequate records can be a
costly mistake that you can avoid by following the steps in
this guide and, when necessary, consulting a professional
tax advisor, preferably a CPA, who understands our business.
The author, Joe DePetris, is a CPA who's worked
with thousands of IBOs - from those just getting started to
those at the Diamond level and above. His efforts can save
you time and money by providing the resources to maintain
records of your business activity that satisfy the
requirements of the Internal Revenue Service and Canada
Revenue Agency. In this guide, Joe shares with you the same
insights he offers to his clients.
How do you get your copy? Many IBO organizations
make it available. You can also learn more about the guide
and order it through the IBOAI website: www.iboai.com/resources.asp
As your representatives on the IBOAI Board,
we're committed to protecting and improving the
business-building opportunity for all IBOs. We hope this
guide is helpful to you as you build your business.
Greg Duncan, Chairman
IBOAI Board of Directors
Copyright
2006. Source: November/December 2006 Achieve® magazine. Reprinted with
permission.
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