If you’re one of the many small business owners who hasn’t done his or her bookkeeping all year long, this tax season will unfortunately be a stressful time as you frantically scramble to pull together all your receipts and business expenses, trying to account for every single thing you did last year.
To help you through this period, here's a useful checklist of the top four things you should do before you turn your books over to your tax preparer/accountant
- File for an extension
- Gather all fiscal records
- Sort and categorize financial documents
- Make sure all income is documented