3 ways to ready your Business for Tax Season
Tax season is fast approaching. Is your business ready for tax filing? Here are 3 quick tips to get you Business ready for Tax Season.
- Receipts. Receipts. Receipts. It is important to minimize taxes through expenses. Now is the time, if you have not already, to start gathering and organizing all your receipts. Don’t forget about the online services you utilize such as domain name fees, web hosting, Amazon Prime etc.
- Think about purchasing needed equipment before the end of the year. Equipment costs may be deductible
- This last one may seem a little weird…Give out Employee bonuses. If you owe the IRS, this will help decrease your Tax liability.
Still need assistance, meet with a qualified Tax Professional or Small Business Consultant.