Goverment reporting and other tax issues

IRS Reporting

When you are in business the government is your partner, like it or not. Besides the general reports and requirements that I have listed here, each business has reporting requirements specific to that type of business, which you will need to research. I hope you will get assistance with this from your bookkeeper or CPA.

The IRS has rules on how you must account for profits, losses, cost of goods, labor, and shipping cost, to name a few. I will cover these areas briefly so that you have some understanding of them.
Not To Worry!