As the year-end approaches, the 1099 season will be here before we know it. With all the rules, forms, and deadlines, filing 1099s correctly can become a serious time commitment. But accurate 1099 filings aren’t just about checking a box—they’re essential to keeping your business compliant and avoiding costly penalties. At Beyond, we know that […]
Category Archives: Year End
22
Oct
Oct
As the year comes to a close, many business owners are asking themselves key questions: Will I meet my profit goals? How much cash will I have on hand at year-end? Most importantly, is there still time to make adjustments that can improve my financial standing? For S-Corp owners in particular, these questions take on […]
06
Feb
Feb
Gathering your documents for taxes may not be your favorite task of the year, but fear not – with the right information in hand, you can make the process way smoother for both you and your tax accountant. Here’s a guide to the reports you should gather to have what you need for your taxes. […]
10
Jan
Jan
Financial reports are essential for understanding your business’ financial health. However, verifying their accuracy is critical to make informed decisions. Accurate reports at year end are incredibly useful to your tax accountant as well. Your financials can help them build a basis for an effective tax strategy throughout the year. In this article, we will […]
09
Dec
Dec
The preparing and filing of your 1099s can be time-consuming at best and frustrating at worst. We prepare hundreds of 1099s every year and have learned some lessons along the way. Here is what we have learned to make preparing and filing 1099s a little less painful. Make the preparation of your 1099s this year […]
08
Dec
Dec
You have decided to start your year-end planning early. You have gathered the facts to calculate your current net profit. You have your projections for income and expenses for the rest of the fiscal year. You have even set a realistic goal for your profit. What do you do now? Now comes the fun part! […]
01
Dec
Dec
You are ready to provide your books to your tax professional and have your business tax returns prepared. You want to know what you need to do in your QuickBooks (QBO) file to finalize the year. It is important to review your data for the year for accuracy. But there is another step that you […]
01
Dec
Dec
You don’t know where to start with your year-end planning. You want to know in advance what your profit will be at the end of the year. More importantly, you want to know if there is anything you can do to change your net profit at the end of the year. A big part of year-end […]
16
Nov
Nov
You feel anxious about your taxes. You want to know ahead of time what your profit will be for the year. And you want to plan the strategy for your profit. When should you even start planning for your year-end? The good news is that by planning ahead you can both estimate and control your profit for […]
03
Nov
Nov
Beyond even knowing how to file a 1099, you just want to know whether you even need to file 1099s. We prepare hundreds of 1099 forms each year and can share with you some of the areas to consider to determine whether you need to file 1099s. Who needs to file 1099s? Almost every business […]