The end of 2022 is almost here! At Harvest Tax & Accounting, we work with business owners across the Greater Cincinnati area on their year end tax planning. Are you looking for someone to handle your company’s year end tax planning? We are here to help.
Complete Items by December 31
If you make any decisions or purchases for your business, make them on or before December 31. That way, they will appear on your business taxes for 2022 instead appearing on the 2021 taxes. So, if you have wanted to make improvements to different areas of your business, now is the time to make those improvements so they will appear on the taxes for 2022 instead of having to keep track of them on your own.
Use Bookkeeping to Your Advantage
One of the best things you can do for your year end tax planning is to use bookkeeping for your advantage. Throughout the year, you will want to use some type of software to keep track of receipts, transactions, and more financial items related to your business. We work with many small business owners on their monthly bookkeeping and have helped them keep track of their finances. With the bookkeeping services from Harvest Tax & Accounting, we will provide regular updates and recommendations where we think your business could ultimately save money.
Take a Proactive Approach to Tax Planning
Finally, you will want to take a proactive approach with your tax planning. The time to think about your business taxes is not when they are due. We will meet twice a year to go over a snapshot of what your business taxes could look like. If you are looking for a company to help with tax planning, now is the time to start thinking about 2023 tax planning.
As the year starts to come to a close, it is time to start thinking ahead to 2023. With Harvest Tax & Accounting, we will work with you to make the new year a successful one for your business finances. Interested in getting started with us? Contact us today and schedule your free 30 minute consultation.
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