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December
2008
Event Calendar
Tuesday, December 9
Start a Business...
Here's How!
Duluth
6:00-8:00 PM, $20
Tuesday, December 9
Start a Business...
Here's How!
Grand
Rapids
6:00-8:00 PM, $20
Tuesday, December 16
Start a Business...
Here's How!
Virginia
6:00-8:00 PM, $20
To register for a
class or event:
1-800-422-0374
info@entrepreneurfund.org
www.entrepreneurfund.org
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Total Results Since 1989:
Program
Participants:
9414
Business Started,
Stabilized, or Expanded:
1023
Jobs Created
or Retained:
2620
Dollars Loaned:
$7,451,710
Results updated quarterly. |
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If this page
is not displaying correctly, please click
here.
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Order your
2009 small business tax calendar |
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The IRS
2009 Tax Calendar will help you keep your business on track in
the coming year with important reminders, tips, and tools.
Each month highlights a different business topic, and the
calendar includes a
Hints & Help Guide for quick,
at-a-glance federal tax information.
Download a 2009
Small Business Tax Calendar at
http://www.irs.gov/businesses/small/article/0,,id=176080,00.html
or call 800-829-3676 to order your free copy!
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How long
should you hang on to your business records? |
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2008 is winding
to a close, and you're beginning to prepare for tax season
and plan ahead for 2009. Like many busy business
owners, you may have accumulated a mile-high stack of
paperwork over the year and quite possibly haven't seen the
surface of your desk since March.
Though the idea of striking a match and turning it all into
a holiday bonfire may be tempting, the reality is that you
should periodically take some time to sort through your
paperwork and determine what you can get rid of and what you
need to hold on to. Every business is different, but general
rule of thumb is to follow the guidelines below in deciding
how long to retain your business records:
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1
Year |
Purchase
orders
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2
Years |
General
correspondence
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3
Years |
Audit
reports (internal), receiving sheets, sales
commission reports, expired insurance policies,
disability and sick benefits, employment
applications
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6
Years |
Accident
reports, fire inspection reports
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7 Years |
Accounts
payable/receivable ledgers and schedules, bank
statements, expense reports, inventories, invoices,
notes receivable ledgers and schedules, payroll
records, purchase orders, sales records, subsidiary
ledgers, time books/cards, trial balances, vouchers
for payments to vendors and employees, withholding
tax statements, option records, cancelled stock/bond
certificates, expired contracts, garnishments,
personnel files (terminated)
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8 Years |
Group
disability records, safety reports
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10 Years |
Settled
insurance claims
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Permanent |
Audit
reports (external), cash receipts and disbursements
journals, charts of accounts, cancelled checks
(important matters), depreciation schedules,
retirement and pension records, tax returns and
worksheets, training manuals, union agreements,
legal matters, articles of incorporation, bylaws,
minutes, capital stock and bond records,
deeds/mortgages/bills of sale, property records,
insurance records, copyright/patent/trademark
registrations
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Source: Wells Fargo
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7 laws
employers must know |
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When can you legally classify someone as an independent
contractor rather than an employee? What wages and
benefits are you legally required to provide? How can you
protect yourself from accusations of discrimination or sexual
harassment? How do you ensure that your confidential
information remains confidential?
The following
article will answer these questions and more and give you some tools for
protecting yourself and your business and ensuring that you are
following the proper legal steps as an employer:
http://www.microsoft.com/smallbusiness/resources/ArticleReader/website/default.aspx?Print=1&ArticleId=7lawsemployersmustknow
Source:
Microsoft Small Business |
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This Month's Featured Entrepreneurial
Resources…
Annual Credit Report
www.annualcreditreport.com
Visit this site to obtain a free copy of
your credit report once each year from any or all of the three
major credit reporting agencies.
Small Business Environmental
Assistance Program
http://www.pca.state.mn.us/programs/sbap_p.html
Offers free,
non-regulatory, confidential environmental assistance to small
businesses. Assists with compliance issues and offers pollution
prevention opportunities to reduce regulatory burdens.
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