The tax season is fast approaching, and it is time to get your books in order if you haven’t done so.
Consider the following:
Do you have invoices, receipts, contracts, bank statements, etc together and they are accurately recorded and classified in an accounting system?
Are your bank and credit card accounts reconciled?
Have you recorded those non-cash items such as those donations distributed during the year?
What about that business automobile mileage, have you been tracking those using a log?
Waiting until the last minute can be very stressful and costly in terms of accounting and tax fees, penalties, and missed deductions.
Build a sustainable and profitable business with good financial management and remember Bookkeeping and Accounting are critical foundations.
Reach out to us to get your books in order so you can establish an accurate tax position for your company.