Along with cork popping and fireworks, the New Year brings a new tax return. To ensure that you are ready for this year’s tax season, start gathering your receipts and categorizing them now. If you are working on a calendar year, pay any bills by December 31 to ensure that you can deduct them this year.
The New Year brings a time to reflect on the past and prepare for the future. If you have insurance, it may be time to review your policy to make sure it adequately covers your business. An additional vehicle, employee, or owner may mean that you need additional coverage. If you do not have an insurance agent, or just want a second opinion, please call me and I’d be happy to recommend one. As you prepare for the tax season, it is always a good idea to contact your CPA to ensure that he or she knows that you are planning to use him or her this year. Your CPA can help you identify how to categorize your records and get information if you qualify tax breaks. If you do not have a CPA, or just want a second opinion, please call me and I’d be happy to recommend one.
Finally, if you haven’t had an attorney review your business for legal issues recently, please call me for a business assessment. I will go over your business structure and current operation with you and identify areas that may need attention in 2009 and help make sure you are on the right track to a happy and successful New Year!