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 […]
Category Archives: Year End
03
Dec
Dec
The year is coming to a close and we are sure that you have many things on your mind. As you look forward to what next year will bring, it is also a good time to look back and think about what happened in your business in the past year. More specifically, it can be […]
05
Nov
Nov
Each year we prepare hundreds of 1099s for our clients. As we’ve discussed in previous blog posts, the IRS requires businesses to file 1099s each year for specific vendors and payments. Often, our clients are very surprised when we prepare their 1099s for the first time. Generally, we will ask about payments to vendors that […]
29
Oct
Oct
It’s time to begin thinking about year-end! Can you believe it? What do you see as your greatest accomplishment this past year? With the year-end approaching, we often get asked several questions on how to get ready. We thought this year we would provide a short Q&A list to help prepare for Year-End. Why do […]
12
Mar
Mar
During tax time each year, you find that are usually stressed. You want to save for taxes, but you are struggling to do so. If this is your situation, you are far from alone. As a business owner myself, I used to dread this time of year because of taxes. Adopting one regular habit changed […]
22
Jan
Jan
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? 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 like […]
27
Dec
Dec
We are almost at the end of 2018! We just wanted to provide some year end reminders of a few things to do at the end of the year. Write down the odometer reading on the vehicles you use for business. This is needed in determining what percent you used your vehicle for business and personal […]
27
Nov
Nov
We are reaching the home stretch – only a few more weeks left in the year! Even though the end of the year is close, it’s not too late to schedule a meeting to talk with your CPA or tax professional about taxes. “But taxes don’t have to be paid until the Spring.”, you might […]
12
Dec
Dec
One of the most common methods of showing appreciation to staff is by issuing year-end bonuses. Your employees work very hard, and as a business owner, you want to reward their efforts. While paying a bonus to your employees may sound simple, both federal and state agencies have rules regarding the taxability of these types […]
14
Nov
Nov
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 […]