Category Archives: Tax

Prepare for Year-End: Know Your Deadlines

Updated April 27, 2020 “I love deadlines. I like the whooshing sound they make as they fly by.”  – Douglas Adams I have to agree with my good pal Doug here – keeping track of deadlines is hard! For some business owners, it’s a full-time job. You have project deadlines for customers, payroll deadlines for […]

How to Stop Being a Procrastinator

snail stop being a procrastinator

It seems like there are three types of people out there when it comes to year-end and procrastinating. Which one would you classify yourself as? The uber prepared – You have been preparing for year-end all year long! You have a checklist of what you need to do and everything is tidy and organized, just […]

1099-MISC: Frequently Asked Questions

forms frequently asked questions 1099

It’s that time of year again! We’re watching 2018 come to a close and at Beyond we are reminded of the many necessary tasks that accompany the end of the year. One of these is the filing of 1099-MISC and other information returns. Below are some frequently asked questions that we’ve received in the past […]

Getting Ready for Year-End

path getting ready for year end

Although the 4th Quarter has barely begun, the Beyond Team has been busy getting ready for year-end. At our firm, the first four months of the year requires “all hands on deck”. We find that year-end goes most smoothly when transactions and reconciliations are up-to-date before the actual end of the year. As the old […]

Xero the Hero: Setting Lock Dates

This time of the year is when most businesses are finalizing the last fiscal year for taxes. Once you have finalized your transactions for the prior year or period, it is very important to lock the dates in Xero. What does it mean to lock dates? Locking dates stops data from being changed prior to a […]

How to Avoid Sales Tax Surprises

Sales tax laws are constantly changing, and sales tax audits have increased since states and local agencies have become creative about finding new ways to generate revenues.  If you haven’t made any changes in your sales tax procedures in a while, you are probably at risk.  Taxability From state to state, the taxability of items […]