Are you behind in your bookkeeping? Let’s assume that you are behind with your QuickBooks tasks. You haven’t entered data, you have stacks of receipts and some missing ones too, reconciliations…what is that? Your Accounts Payable and Accounts Receivable are outdated and you don’t have the smallest idea if you are making or losing money. Now it’s April and your CPA is asking for year-end information to make estimates. What do you do?
Whether you are preparing your taxes on your own or have a CPA do it for you, it helps to start gathering and organizing your documents now. Here is a short list of some of the most common documents you will need to complete your taxes. What you will need will vary depending on your situation and whether or not you plan to itemize. (more…)
3 Quick Tips…To avoid the new penalties for inaccurate information on returns: