Where does the time go? If you are already looking at the calendar and wondering how to accomplish a lot of reporting in a short time for tax season, we understand. Even if you have reconciled your bank accounts, providing the right documentation and gathering lingering paperwork, receipts, etc. can be very time consuming and daunting.
1. Year-End Financial Statements
If you already reconciled your monthly bank statements-GREAT! Simply provide your CPA with the year- end financial information by sending them:
2. Other Income Documentation
3. Capital Asset Purchases or Sales
Provide any details around price and market value, description, age and who you purchased (check, credit line or loan).
4. Deductions
5. Report of Total Auto Expenses and Mileage
You can either:
We hope this short list helps you prioritize where to spend your time on prepping for taxes. If you need help getting organized or generating financial reports, we are here to help! I am Kathy Dise, and you can reach me at kathy@budgetease.biz.