We are at the time of the year where it is critical to have kept up with a complete set of bookkeeping records. This includes business bank statements, credit card statements, reconciled loans, and payroll. The goal of proper bookkeeping is to get an accurate reflection of your year-to-date profit. The importance of this is to analyze if any S Corp, Schedule C’s, or Partnerships have to make estimates so as to keep up with their tax liabilities.
If you have fallen behind with your bookkeeping, please do not hesitate to contact us today. We are well skilled in tax planning and can save you the taxpayer quite a bit of money and worry if you are unaware of how to complete a proper set of books. This craft, if done throughout the year, rather than at year end, can call for more options in tax planning and can lead to an array of options for you when it comes time to pay the IRS and State governments.
Justin Esshaki, Attorney & CPA
(248) 956-7626