FAQS
The Answers You Need
HOW LONG SHOULD I KEEP MY TAX RECORDS FOR?
As a business owner, you’re required to keep financial and tax records for six years after the tax year in which they were received; it’s a good idea to keep these archived records in both paper and digital formats for added security. Records older than six years can be securely disposed of by a hired professional.
WHAT ARE YOUR SERVICE FEES?
Elevated Financial Management LLC offers free 15 minute consultation to determine how we can exceed your tax and accounting needs. Our fees are based on the forms filed and the complexity of your return. Please contact us today for an accurate quote tailored to your unique needs.
WHY IS BOOKKEEPING IMPORTANT FOR SMALL BUSINESSES
Accurate, up-to-date bookkeeping is the backbone of any successful small business. No matter what type of business you operate, an understanding of bookkeeping best practices is essential for keeping your business running smoothly, now and in the future. Proper financial records make it easier for you to analyze the financial state of your firm and determine areas that need improvement.