Many businesses aren't sure how long records must be saved in the paperless era. Record-keeping is a boring, but important business activity, and if you make the wrong choices, you risk litigation, succession planning problems and the wrath of the tax man. Understanding how long should you keep business records will help you avoid these problems.
In 2016, the Financial Accounting Standards Board (FASB) published Accounting Standards Update (ASU) No. 2016-14,.
During the 2015 State of the Union speech, President Barack Obama mentioned that the U.S. does not provide all of.
As a small business owner, it is imperative for you to pay close attention to all of the accounting and regulatory.