Tax Season Tip #1: Reconcile Your Bank Account
With January out of the way, we are now in February and ever closer to Tax Season! As tax season approaches, you must ask yourself, are your books are closed, accurate, and prepared for filing? The best practice is to have your books closed at the end of the year, but if you have not done so yet, we have some tips we would like to share with you in these future newsletters!
One of the first important tip for the upcoming tax season is to Reconcile Your Bank Account! The balance on all your books should be equal to your year-end statements. If you want to hear more, we made a quick video, check it out!
Your books should be ready for the tax season! However, if you still need some bookkeeping help, you can always talk to us any time. We will be glad to help you and your business be prepared for tax season and beyond!