Quick Tips To Stay Ready For Tax Time!

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Taxes - This word will make grown adults fold into the fetal position. It is filled with dread and stress. It has been around since the biblical days and it isn’t going anywhere. If you work for yourself then taxes can really seem scary. When you worked for someone else it was there problem to take care of and now it is yours.

No Fear

I know all things taxes can really put a damper on your day but I wrote a previous blogpost to help all the stress melt away and prepare you for smooth sailing during tax time. Check it out here.

Keep IT Sunny~

Planning for the Tax Man

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Are you ready for tax time? 

Do you have a list of vendors that will need a 1099 sent to them in January? 

Have you made your appointment with your CPA to discuss tax planning? 

If not, now is a good time to reach out to them to get your meeting scheduled. I recently spoke to a tax professional who said that business owners started contacting him in early November which was very unusual. So demand is high and now is a good time to send an email or make a call to get your appointment booked. I read an article from NASDAQ.com that mentioned there will be new tax concerns for business owners that use third party payment apps like Venmo, Zelle, Cash App to name a few to accept payments in their business.

Check out the article here and discuss it with your CPA to determine what implications it could have for you in 2022. 

Do you need help finding a tax professional? Check out this link to Ramsey Solutions to find a tax professional in your area.

Keep It Sunny!

Welcome To The Month Of December

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I hope you had a wonderful Thanksgiving holiday with your friends and family. I love this time of year when one holiday rolls into the next one. In the month of December we get two for the price of one; Christmas & New Years Eve. As we wind down the year it is time to start getting organized for everyone’s favorite time of year which is tax time. 

Yay!

 Well maybe not:( 

But we do want to start getting our ducks in a row so that when the taxman comes knocking we are well prepared. This month we will take a look at a few ways that you can stay on top of your finances and be ready for your tax professional.

What is your favorite thing about the holiday season? Share in the comments below!

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Are You Ready For The Tax Man?

It is that time of year to start looking at your books to make sure they are in order. The taxman will come knocking in a few short months along with contractors looking for their 1099’s.

Are you ready to meet these demands? Do you have a tax professional in place already to help you navigate these choppy waters?

If not then it is time to get in gear. Check out this post I previously wrote about finding an endorsed local provider that can help you get with minimizing your tax bill and alleviate your stress during this time of the year. I also wrote a post about how to minimize your tax bill that I will be using for my own business.

Keep It Sunny!

Welcome To The Month Of October!

Autumn is here along with all the fun activities and delicious food that comes with this time of year.

As we continue to wind down for the year we will look at how we can tie up loose ends for year-end and get ready for the year ahead. If you didn’t have a chance to check out my post from last week about tax planning for the end of the year take a look here.

There are only a few months left to hit those targeted business goals and get your books in shape for the new year. I want you to end this year on a relaxing positive note.

Keep It Sunny!