Tax season does not have to be a frantic scramble. With a proactive, year-round bookkeeping system in place, tax filing is smooth, predictable, and stress-free.
Essential Year-End Tax Checklist
- Reconcile all 12 months: Verify that all bank accounts, credit cards, and merchant processors match your general ledger.
- Review Contractor 1099s: Ensure you have collected W-9 forms and tracked payments exceeding $600 for independent contractors.
- Categorize all transactions: Eliminate uncategorized income or expenses to maximize all eligible deductions.
- Send clean books to your CPA: Export trial balance and general ledgers directly to your CPA ahead of deadlines.
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