PL Accounting Solutions LLC
(212) 256-1082
Ploomba@placcountingsolutions.com
  • Home
  • Services
    • Outsourced Controller
    • Bookkeeping
    • Payroll
    • Consulting for QuickBooks®
    • Training for QuickBooks®
    • Cloud Accounting
  • Industries
    • Services
    • Construction
    • Medical and Health Care
    • Real Estate
    • Retail
    • Restaurant
    • Manufacturing
    • Wholesalers and Distributors
    • eCommerce
  • Blog
  • About us
  • Contact
  • Home
  • Services
    • Outsourced Controller
    • Bookkeeping
    • Payroll
    • Consulting for QuickBooks®
    • Training for QuickBooks®
    • Cloud Accounting
  • Industries
    • Services
    • Construction
    • Medical and Health Care
    • Real Estate
    • Retail
    • Restaurant
    • Manufacturing
    • Wholesalers and Distributors
    • eCommerce
  • Blog
  • About us
  • Contact

Accounting

November 14, 2013 In Accounting, Bookkeeping Tips, Business Tips, Cost-Savings Tips, Expense Reduction Tips, Management Tips

Five Tips to Get Ready for a Pain-Free Tax Time

With the holiday season just around the corner, it’s a perfect time to get your financial records in order.  Tax moves you make now can mean finding more “green” to spend on family gifts and festivities.  Here are five quick tips for you to feel more prepared about your financial status as you go into year-end.

Avoid Penalties

This time of year is ideal to double-check your tax payments to make sure enough has been paid in, and even more important, to avoid overpaying so your money is not tied up unnecessarily. If you’re not sure of your 2013 tax liability, check with your tax preparer.

Balanced Books

Rather than wait until the busiest time of year for accountants and bookkeepers, you can get a head start now on catching up your books  You’ll have more of their attention and you may even avoid a rate increase if you get your books done early.  Completed bank reconciliations are a very important part of catching up.

Forms

It’s not too early to get your orders in for the forms you need at year-end like your W-2s, W-3s, 1099s, and 1096s.  That way, your forms will be onsite when you’re ready.

Records

Information that’s missing at the last minute can take up extra time and be costly.  It’s a great idea to do an audit now of W-9s to grab missing addresses and tax ID numbers of your contractors.  Also do a scrub of your employee payroll records so that your W-2s will be complete and accurate.

New Tax Changes

Be sure to check with your advisors on new laws affecting individuals and businesses next year.  One of the biggest ones making news is avoiding the fine involved regarding the new health care requirements for individuals.  And there are many more you’ll want to get up to speed on so that you’ll know how they affect your situation.

We know it’s early to be talking about taxes, but we’re also all about saving you money and time.  Try these five tips so you’ll have better peace of mind and be more prepared for year-end.

Monthly Archives

Categories

  • Accounting (58)
  • Accounting Software (2)
  • Blog (8)
  • Bookkeeping (1)
  • Bookkeeping Tips (22)
  • Business Development (61)
  • Business Growth (8)
  • Business Tips (198)
  • Cloud Accounting (2)
  • Cool Tech Tools (21)
  • Cost-Saving Tips (1)
  • Cost-Savings Tips (16)
  • Customer Service (1)
  • Customer Service Tips (19)
  • Decision-Making Tips (7)
  • Expense Reduction Tips (10)
  • Finance Management (1)
  • Management Tips (50)
  • Marketing Tips (1)
  • Money Management (1)
  • Payroll Tips (7)
  • Personal Development (5)
  • Productivity Tips (1)
  • Profitability Tips (31)
  • QuickBooks Help (2)
  • QuickBooks Software (2)
  • QuickBooks Training (1)
  • Small Business (1)
  • Social Media (5)
  • Tax (5)
  • Technology (1)
  • Time Management Tips (20)
  • Uncategorized (2)

Sitemap

  • Home
  • Services
  • Industries
  • Blog
  • About Us
  • Contact

Contact Us

Accounting Services and Services for QuickBooks®

PL Accounting Solutions LLC

401 Park Avenue S., 10th Floor
New York, NY 10016

(212) 256-1082 | Ploomba@placcountingsolutions.com

Client Login

Client Portal Login


Intuit, QuickBooks, and QuickBooks ProAdvisor are registered trademarks of Intuit Inc. Used with permission under the QuickBooks ProAdvisor Agreement.

Copyright PL Accounting Solutions LLC, Inc. 2022 | Professional Site Design by Accelerator Websites | Powered By ThriveFuel | Privacy Policy