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The Business Resource Center at the Canton Public Library connects you to informative business resources to help you grow your business.

National Small Business Week Tip #2 - Good Records Are a Good Bet

Each year, the U.S. Small Business Administration recognizes the contributions of small businesses to the success of the economy. This week, National Small Business Week is May 23-29.

Today's tip is to keep good records for success. By keeping good records, small business owners can:
  • Monitor the progress of their business
  • Prepare their financial statements
  • Identify source of receipts
  • Keep track of deductible expenses
  • Prepare their tax returns
  • Support items reported on tax returns
For more information, see IRS Publication 583, Starting a Business and Keeping Records.