You’ll want this handy whether you do your taxes yourself or turn them over to an accountant. Keep Track of All Those Receipts Want to reduce your tax bill? (Who doesn’t?) Starts with your expenses. Don’t forget to keep copies of your receipts (paper or electronic). You’ll need...
It is simple for you, your accountant, or your bookkeeper to track how money is being spent when you have a separate bank account for company expenses. If you decide to do business using your personal account, you run the risk of missing crucial commercial transactions. In the future, be ...
payroll information and reports including PD7As, T4s and T4 summary (W-2, W-3, W-4 for my American visitors) If your accountant is also doing your taxes, s/he will also need yourhome office expenseinformation and yourauto logif youuse your personal vehicle for business, along with a ...
Taxes Can Be a Big Expense for the Self-Employed Do You Know What Tax-Deductible Items Are Available for the Self-Employed? Business Use of Your Home Business Use of Your Personal Vehicles Other Potential Tax Deductible Items Deduction of Self-Employed Health Insurance Ask Your Accountant Resource...
don’t expect to deduct your move from your income taxes. Thegovernment eliminated tax deductions for moves after 2018, unless you’re active duty military. But if you want to be sure, check with your accountant. Complete a home inventory ...
Documents you need to file taxes. The documents you’ll need for tax prep depend on your particular situation. As a rule of thumb, have handy your W-2s, 1099s, receipts, canceled checks, and other documents that support any income, deductions, or credits on your return. Here’s a list...
How should I take money out of my various retirement investing accounts to pay the least amount of taxes possible? Do I have a will? If I have substantial assets in place, do I have an estate plan in addition to my will? What are my insurance needs today, and what will they look li...
taxes 13 documents to give your accountant for small business taxes December 8, 2024 Explore what you can do with QuickBooks See profit at a glance Get a clear view of what you make and spend over time. See plans Explore accounting Pay your team Get payroll done right, and payroll taxes ...
will help you pay on time and consistently. Paying your taxes quarterly can help you avoid unnecessary fees or sticker shock when your annual taxes come due. You can self-pay on theIRS websiteor talk with your accountant about how to determine the amount of taxes you should be paying ...
As we get closer and closer to year-end, most businesses will begin to think about taxes. Now is the time to get everything in order and prepare for tax planning. By being proactive, you can get a handle of your tax situation before the turn of the calendar. Here is a short must-...