Tax Prep Thursday will serve as your bi-weekly information hotspot for business taxes, bookkeeping, important IRS updates for your business, and other data related to the money portion of your business.

All these topics are important for many reasons, but the #1 reason to get knowledgeable about your business money is UNCLE SAM! Yes, the annual payout to Uncle Sam is the reason why your organization and diligence throughout the year is not only important, but also necessary. You don’t ever want to be in a position when you’re stuck with a huge tax bill at the end of year due to mistakes that could have been avoided with some organization or due to deductions that were missed (don’t worry we’ll discuss this in more detail in future blogs!)

Before preparing to file your taxes, the main objective is to GET ORGANIZED. Having all your documents organized will not only offer you peace of mind, it will also make filing your taxes much simpler and faster, and possibly reduce the cost of your tax preparation fees. Getting ORGANIZED prior to filing, and remaining organized throughout the year will ensure that each tax season you will find yourself doing less prep work and more looking ahead at the future of your business.

So let’s take a moment to congratulate you on the financial success of your Business! Now that you’re in the swing of things; making money, staying organized, getting new clients/jobs, etc. Let’s make sure you’re all good in the eyes of the IRS aka Uncle Sam!

Stay tuned for future blogs featuring tips on getting business financials organized, different software and methods of tracking your expenses, deductible business expenses and how to categorize them, and much more!

Adrienne Benson