Getting Your Books Tax-Ready

Description

-Reconcile the Accounts Before You File Match each bank, credit-card, and loan account to its statements. Check that deposits and expenses are complete, transfers are recorded clearly, and balances agree. -Gather the Records Behind the Numbers Bring together receipts, invoices, mileage logs, contractor details, equipment purchases, loan statements, and owner contributions or withdrawals so the figures have useful support. -Prepare a Clear Handoff for Your Tax Professional Provide complete financial reports, clear uncategorized items, flag unusual or personal transactions, and list open questions instead of guessing how an item should be treat