Cleanup bookkeeping before filing taxes

Cleaning up your bookkeeping before filing taxes is crucial for US business owners and LLC founders. It ensures accurate tax reporting, maximizes deductions, and reduces audit risk.

Key steps include reconciling all bank and credit card accounts, correctly categorizing expenses, and preparing 1099-NEC/1099-MISC forms by the January 31st deadline. Remember to check state-specific compliance requirements for annual reports, sales/use tax, and franchise taxes, using resources like your state's Secretary of State and Department of Revenue websites.

Starting early and utilizing professional help can streamline this process.

Cleaning up your bookkeeping before filing taxes is crucial for US business owners and LLC founders. It ensures accurate tax reporting, maximizes deductions, and reduces audit risk.

Key steps include reconciling all bank and credit card accounts, correctly categorizing expenses, and preparing 1099-NEC/1099-MISC forms by the January 31st deadline. Remember to check state-specific compliance requirements for annual reports, sales/use tax, and franchise taxes, using resources like your state's Secretary of State and Department of Revenue websites.

Starting early and utilizing professional help can streamline this process.