Tax
Trust Accounting and Taxes: What Law Firms Should Review After Tax Season
Tax season has a way of making you really look at everything. You go through your financials, your reports get finalized, and for a few weeks, your numbers actually have your full attention. And usually, one of two things happens. Either everything feels pretty clear and in order, or things feel a little more all…
Read MoreYour Financials Are Headed to the CPA — Here’s What Should Already Be Done
By March, most business owners are deep in conversations about tax filings. Financials are being reviewed, documents are being requested, and deadlines are approaching. Tax preparation should not be the first time your books are truly examined. At Bookkeeping Doctor, we do not prepare taxes, our role is different — and equally important. We ensure…
Read MorePreparing for Tax Time: What to Do Now to Make Filing Easier
Tax season often sneaks up quickly, and for many business owners, it can be one of the most stressful times of the year. Getting ahead now can help alleviate the last-minute scramble and ensure you have everything in place when it’s time to file. Here are a few practical steps to get prepared and make…
Read More3 Tasks for You & Your CPA to Complete Before Tax Time
When people think of tax time approaching, no one thinks of relaxing in a bubble bath, surrounded by candles and soothing music.There are many reasons people get stressed out over filing their taxes. For starters, it’s one of the most complicated tax systems in the world. None of us are able to sit down, answer…
Read MoreWhen Are Business Taxes Due in 2022?
We all know individual taxes are normally due April 15th, but in 2022, that deadline is April 18th. But what if you own a business? Understanding when business taxes are due depends on the kind of business you have, so let’s start by taking a look at all your options for incorporating your business. Sole…
Read More4 Steps to Get Your Books Ready for 2021
It’s officially time to close the books on 2020 and get ready for 2021. If you’ve been doing the bookkeeping for your own business for a few years, this is probably routine for you by now, but since 2020 has been anything but routine, there are some special considerations this year you might not have…
Read MoreHow to Prepare Your Books for the October Tax Extension Deadline
If you filed for a tax extension back in July, this is your heads up that the final deadline to file your taxes is coming up fast. With 2020 being so crazy (especially for healthcare workers), it’s understandable if you’ve forgotten that the tax extension deadline is almost here, especially since this year we had…
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