Past Tax Filings: Will Bookkeeping Cleanup Force You to Amend Returns?
Many business owners hesitate to fix their financial records because they fear the consequences with the IRS. Specifically, a common anxiety is that organizing historical data will automatically trigger a mandatory change to past tax filings, leading to penalties or audits. Consequently, this fear often paralyzes entrepreneurs, leaving them stuck with messy books for years. […]
Can We Fix Prior Years of Bookkeeping? A Guide to Catching Up
The urgent need to fix prior years of financial records is the primary reason many business owners approach us, worried that their bookkeeping challenges span far beyond the current calendar year. Naturally, they feel overwhelmed and ask if we only handle current records or if we possess the capability to help with older, messier situations. […]