Is your business prepared for year-end?
It’s coming down to the wire. The year has already passed us by as fast as the last one—well, maybe not that fast when you’re stuck at home all year long, but it’s still been fast. And your financial services professionals at Cove Professional Services understand that many businesses haven’t begun to fully prepare for the year-end accounting and reporting that’s required for their taxes.
We wanted to take a moment to let you know some things you can do to start prepping for your year-end accounting now to save you both time and money today.
AUDIT YOUR W-9S
This is a great way to save both time and money for your business. The more prepared you are for the end-of-year accounting and tax preparation, the faster you’re able to get your tax return processed and paid. Performing an audit of your W-9s for all contractors that have been paid $600 or more during the calendar year is a great place to start. Organize everything, so it’s easy for your tax accounting provider to process and ensure every contractor gets the required tax documentation they need before the deadline in January.
Don’t wait until it’s too late to process your W-9s. Call the tax preparation specialists at Cove Professional Services today, and our experienced and dedicated staff can help ensure you’re ready to go before the year’s out.