Roses are Red, Violets are Blue, Only Two Months Til’ Your Taxes are Due!
There are only about two months left until your individual taxes are due. Now is the time to go through your tax time checklist to make sure you are ready to go. A few questions you should be asking yourself:
For Business Owners:
Are all my income and expenses entered and categorized for 2024?
Have I reconciled my accounts (including any payroll and loan balances)?
Have I sent all required 1099s and W-2s?
Have I organized additional tax info like my mileage log, home office deductions, retirement contributions, and estimated taxes paid?
For Individuals:
Which tax documents am I still waiting to receive? PRO TIP: Use your accountant's tax organizer to help you figure this out!
Have I sent my tax accountant everything they need to file my return?
Do I need to make any additional retirement contributions for 2024?
If you are looking at this list and thinking, “I’m totally behind on all of this…” you should be looking into hiring a bookkeeper to help you through tax season. Keep in mind though, this is a very busy time for accountants and bookkeepers and many might be at their client capacity. Act sooner rather than later, and worst case scenario, you can get your foot in the door with an accountant and/or bookkeeper for next year.
If you have questions, or are exploring accounting and bookkeeping services, reach out to us at Moneta Accounting Solutions.
