It’s the holiday season, which means year-end is fast approaching. In between holiday gift shopping and decorating, spend some time prepping your taxes for the end of the year. Whether you are an individual or a small business owner, you can take proactive steps for tax season.
- Create a checklist: Make a list of all documents you need to file your taxes. Reference last year’s tax return and note when and how you will receive these forms.
- Be sure your personal information is up to date: Did you have a name or address change over the past year? Make sure to update the IRS with any new information.
- Keep your receipts handy: Organize your paper or digital copies to help track your expenses. Keeping these documents organized year-round can help your tax provider easily reference information, but a year-end clean-up is always beneficial.
As always, we are here to help with any tax services all year round. We are gearing up for an exciting and busy 2022 and we can’t wait to get started.