We're nerds. True story. We love research and we love sharing what we learn. Fortunately for you, we don't enjoy boring things; that's why we work hard to make the knowledge we share relevant and easy to understand. So without further ado, here is our latest and greatest stuff: from us nerds, to you cool folks.
We like to keep our office lean and tidy but also recognize the need to keep important items. It’s important to hold onto your business and personal records only as long as they are useful or needed. Retaining records longer than necessary may cause you to exceed the storage space available in your home or business. We recommend establishing a record retention schedule that takes into account state and federal regulations, as well as industry standards, to make sure you aren’t wasting that precious storage space. The retention periods shown here are intended as general guidelines only.
The more we talk to organizations in the community, the more we realize the need to spread the word about the Small Business Health Care Tax Credit. The credit extends to exempt organizations, not just for-profit businesses. We hope you and your board can use this guide to help determine whether or not your organization can claim this credit.