Don’t endanger your overall tax position – take our CEO Deborah’s tips into consideration when it comes to getting your taxes prepped and sent on their way. Best of all, these tips can be applied to the years to come beyond the 2013 tax year and once they’re in place will make filing taxes in the future much easier and more organized.
1) Make sure you have your documents prepared.
It’s never a good idea to walk into your tax preparer’s office with piles of paperwork scattered all over the place or worse, with nothing ready at all. Prep your documents several months in advance so they’re ready for April 15th.
2) Stay organized over the course of the year rather than waiting until last minute.
Tax season is the last place you want to fashionably late to – by keeping all of your documents and paperwork organized with a bookkeeper or safe within a cloud storage system, you can ensure that you won’t be going on a frenzied hunt for receipts.
3) Respond quickly to a notice and demand to file.
You only have 60 days which can go by pretty quick! Set up a reminder service (like MyCorp’s IncGuard) to keep you on track – this system sends monthly reminders about annual reports, quarterly tax returns, year-end notices, and much more!
Sometimes it’s easy to get caught up in the day-to-day activity of your business that…
Can you believe we’re already in April? The year is passing by and we want…
Congrats! You’re starting a business to serve the people in your local community. How exciting!…
You’ve spent years working in construction managing projects and dealing with clients for former bosses.…
When selecting a payment processor for your nonprofit organization, you may be tempted to opt…
Data breaches and cybersecurity threats can threaten the security and privacy of a small business.…