Making Tax Time Easier
Good bookkeeping throughout the year means less stress when tax season arrives. Here's how to be prepared.
What Your CPA Typically Needs
Year-end Profit & Loss statementYear-end Balance SheetBank and credit card statementsLoan statements showing interest paidAsset purchase documentation1099s issued and receivedPayroll reports (if applicable)Year-End Checklist
**Reconcile all accounts** through December 31**Review receivables** for uncollectible amounts**Verify inventory** counts and values**Document fixed assets** purchased or disposed**Confirm payroll** is processed and reported**Organize receipts** for deductible expensesWorking with Your Tax Professional
Provide documents earlyAnswer questions promptlyKeep your bookkeeper and CPA in contactAsk questions about tax planning opportunitiesEasy Ledger Services prepares year-end reports and can work directly with your CPA to ensure a smooth tax filing process. We do not provide tax advice or prepare tax returns.
