Really? What Does Your CPA Need | End of Year Tax ... - Tax Relief

It?s that time of year again when you?re ready to think about what you need to give to your bookkeeper or accountant. Here is a simple and easy to understand list of the paperwork and the reports that person needs to help them prepare your taxes as easily and ?pain free? as possible. No need to put things off this tax season.

Most accounting software programs are very much the same when it comes to running reports so you will find the steps below similar for other programs too. The Secret to getting this done is in setting aside a half day to do it in. If you wait you pay extra for a ?Rush? job, also known as a PIA fee by all bookkeepers and accountants alike. Yes, if you procrastinate then you?re an entertaining and anonymous topic of conversation at lunch meetings!

End of Year Information To Prepare For Your Accountant:

We should proceed with this post. One ? All 1099/1096, W-2, W-3 Information on you and your business two ? December Previous year and January current year Bank Statements and reconciliation reports three ? Petty Cash reconciliations four ? Credit Card charges and End of Year Finance Charges five ? List of Inventory and Assets six ? Mileage 7 ? Home business Use breakouts eight ? Payroll Reports from payroll company nine ? Quarterly reporting tax forms ten ? Draw and investment or payroll information on partners or shareholders eleven ? End of Year Balance Sheet, Profit and Loss Statement and Trial Balance

To Retrieve These Reports From Your Accounting Software:

One ? Open company two ? On menu across top

Click on: REPORTS three ? On the reports menu Click on: Company and Financial

PROFIT AND LOSS STANDARD four ? Pick the date range of ?last fiscal year? five ? On the reports menu Click on: Company and Financial

BALANCE SHEET STANDARD six ? Pick the date range of ?last fiscal year? 7 ? On the reports menu Click on: Company and Financial

STATEMENT OF CASH FLOWS eight ? Pick the date range of ?last fiscal year? nine ? On the reports menu Click on: Accountant and taxes

TRIAL BALANCE ten ? Pick the date range of ?last fiscal year? eleven ? On the reports menu Click on: Employees and Payroll

PAYROLL SUMMARY twelve ? Pick the date range of ?last fiscal year? thirteen ? ?Run? and ?Print? all these reports and make a copy for your file and your CPA

(This menu example was taken from the reports section of an accounting software program that?s considered the ?industry standard? to most CPA professionals and bookkeepers).

March Madness Tax Preparation in Roscoe Illinois: March Madness Tax Preparation in Roscoe Illinois by Daniel Stoica Accounting Professional Music: ?Morning Light? by ?tude Vox Ro ?

Now you can make that appointment with your tax person and sit back and enjoy the stories you?re about to hear from those people who will wait until the last minute to get their paperwork ready and who are slamming their heads against a wall trying to get their reports done. If you took my advice then about now, you may be asking yourself? Where is that wine opener anyway!?

Mischelle has owned a bookkeeping business since 1999. She has learned word of mouth marketing techniques from some of the best. Her business has taken her to several different states in the USA and Canada. A combination of experience and education helped mold Mischelle for success. If you want to learn more about Marketing you can get it here. For bookkkeeping tips, join Mischelle at her site at http://MischelleWatkins.com.

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