Episode 10: 6 Things You Can Do Now for a Stress Free Tax Season
I am lucky to be joined by today’s guest April, who shares her wisdom and advice as a fellow bookkeeper on my team. I’ve had the joy of working with April for over a year and a half, and through this time we have learned a lot and we have witnessed a lot of financial changes. With all of this experience, we definitely know the dos and dont's of tax season. During our discussion, we go over the six things you need to know before the end of the year to have a stress-free, easy-going tax season.
In this episode, we cover:
April’s background in bookkeeping [1:18]
Have a tax preparer [4:41]
Determining if you need to file specific forms [7:36]
Ensuring your bookkeeping is up to date [9:35]
Running payroll before the end of the year [12:22]
If you need to prepay anything [14:20]
Expensing mileage and home office expenses [17:50]
Connect with me:
Grab our FREE Business Expenses and Deductions guide!
Do you wonder why your bank account balance doesn't match your Profit & Loss? Maybe you had a great month and you're wondering where all your money is going.
This is due to cash flow. Your cash flow is the heart beat of your business and for a business to be healthy, you need to have a healthy cash flow.
I have created a FREE Cash Flow Projection Template so you can maximize your cash!