SUNNY VIRTUAL BUSINESS SUPPORT

View Original

IT's Tax Time

We are getting down to the wire and the end of the year is upon us. Soon we will be in the year 2019 (which sounds very futuristic:) and the tax season will be in full swing.

Are you ready?

According to a stat on Entrepreneur.com, “50% of small businesses in the U.S. spend more than 40 hours a year managing their federal taxes.” That doesn’t sound like fun at all.

Check out this short list to help you not become a part of this statistic:

  1. Have a bookkeeping professional help you get your books in order.

  2. Gather your receipts and supporting documents

  3. Find a CPA that fits your personality & business

Here are some resources for you to check out to help you with these 3 checklist items:

CPA On Fire - Here is an article/video on how to find the best tax preparer for you.

Fit Small Business.com - Here is an article on how to find a bookkeeper who is right for you.

Startups.com - Here is an article on how to best manage those pesky receipts.

I hope this will be helpful to you as you wind down your year and get ready for the one ahead.

Keep it Sunny!