clearly label what s on sale and what isn t. it s i m now to answer some of your business questions. marketing guru michael port is the creator of book yourself solid. and jennifer shill is a venture attorney. the first question is i heard a tax expert say that the irs can challenge something on any of your past returns at any time. you don t have your returns or receipts that far back you re liable. the irs can come back to you at any time depending whether this is a personal return, business return, so the best bet really is to keep records of everything. you should have a coppive your taxes on hand in print because you never know when a computer file can be corrupted. your receipt?
so the best bet really is to keep records of everything. you absolutely should have a copy of your taxes on hand and in print. you never know when a computer file can get corrupted? your receipts, ten years? you should. a good practice. lots of different accounting software. fresh books, intuit, microsoft has one. tons of way to make it easier, time efficient to keep all that information. it really is a good idea to keep it. what do you think, michael? you re shaking your head. no, no. keep all the information as long as you possibly can. i m not an accountant but am playing one on tv. but statute of limitations on basically receipt-keeping and how long the irs can go back and do an audit. important for the business owner to know, they need to keep all pay roll and pension-related information for at least ten years. uh-huh. but really keep it indefinitely, because the irs may be auditing somebody that
water. be careful with the wording of your discount and on-sale items. clearly label what s on sale and what isn t. it s time now to answer some of your business questions. marketing guru michael port is the creator of book yourself solid as well as a best-selling author. and jennifer is an attorney at gunderson detmer representing emerging growth companies. first an e-mail about questions. teri asks, the irs can challenge something of your tax returns at any time. if you don t have your receipts to fight back you re liable. is this true? this person said you should keep records at least ten years. the sad fact, the irs can really come back to you at any time, depending whether this is a personal return, business return. so the best bet really is to keep records of everything. you absolutely should have a copy of your taxes on hand and in print. you never know when a computer
anybody can become a manufacturer of anything. the set of instructions that map out the shape of the object you create using the printer, that comes in the form of a computer file. you plug in the file and leave in the 3-d printer to do its work, then protest presto, you can manufacture something yourself. these printers are still pretty slow and clumsy and expensive. usually in the thousand or several thousand dollar range. but they have the futuristic objects, that can create like a 3-d printed car, or how about a 3-d prosthetic limb? or how about a 3-d printed gun? the part of this gun printed using the 3-d printer was the weird color there, the part
clunky and awkward, but if you can imagine your way around that clunkiness and awkwardness, you can see the device leaps forward the way that cell phone tech leapt forward, then these guys may change, too. this is 3-d printing, i don t know if we ll call it that forever. but that is what they call it now. just as a printer, it uses ink and light to create a two dimensional object on paper, these computer-driven machines can use plastics and resins and inks to create the 3-d objects, anybody can become a manufacturer of anything. the set of instructions that map out the shape of the object you create using the printer, that comes in the form of a computer file.