Dreading your year end?

TAX PREP DONE RIGHT

It's the last quarter of the year and your in a PANIC because you know your books are a mess and need some serious clean up so you can get your taxes filed without that judging look from your CPA.

 

Instead of spending your weekends and free time working on your accounting and trying to understand what tax prep is needed for your CPA, let us guide you or do it for ya!

 

Tax Prep includes:

  • Having a CLEAN set of books ready to present to your CPA. Loans are up to date with correct balances, your bank accounts are reconciled, your balance sheet doesn't show negative amounts, etc.

  • Your 1099s are prepped and already sent out

  • Your profit and loss income matches what you reported to your state

  • Payroll W2s, state tax filings, and federal filings match your bookkeeping reports and are ready to hand to your CPA for review

  • You have all the docs your CPA will request ready to hand over in a nice neat package or shareable online.

 

 

See below for a full checklist on prepping to do your taxes!

ARE YOU READY TO FILE YOUR TAXES?

YEAR END TAX CHECKLIST

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  • Bank Statements
  • Credit Card Statements
  • Loan/LOC Statements
  • Payroll Tax Filings
  • DOR Sales Tax Filings
  • Previous Years Tax Return
  • Profit & Loss Report
  • Balance Sheet Report
  • Quarterly Estimated Tax Payments
  • Paperwork of New Assets Purchased​

SOURCE DOCUMENTS TO COLLECT

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  • Books are reconciled to bank account
  • DOR filings match deposit detail
  • Profit & Loss gross revenue matches DOR filings
  • Profit & Loss payroll wages & taxes matches payroll filings
  • All Federal & State tax filings match
  • W3/W2s match 941 filings

CHECKS & BALANCES

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  • Any amended payroll forms as needed
  • 1099s
  • W3/W2s
  • 940

FORMS TO FILE

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  • Are there any items in suspense? Ask my accountant/Uncategorized income/expense
  • Are payroll totals accurate? (HUGE IRS red flag).
  • Are all transactions properly categorized?
  • Were any business expenses made from personal accounts or with cash?
  • Current asset balances
  • Are liability balances accurate?
  • Are AR & AP accurate?

ITEMS TO REVIEW

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CPA​s charge by the hour to get your books up to date so they can file your tax return. Hiring a bookkeeper can SAVE YOU MONEY!

HIRE A PROFESSIONAL

LET US DO THE WORK FOR YOU, CONTACT US TODAY!

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