It's Q4 - catch up and review your books now!!!

Every day that you are working your tax bill is being created - not when your return gets filed in April! Your return is the history of your tax year.

A lot of business owners get hurt because they wait until the end of the tax year to look for deductions and do tax planning. When January 1st comes it's too late to do anything that will improve your tax situation.

Ideally, you should catch up and have your accountant review your books at the end of each quarter. A mid-year catch-up and review is not the best but still good. But the absolute latest you can wait is until the end of September. There are still three months left to update the books, review them with your accountant, and make any capital purchases or other expenditures that will help reduce your tax burden.

Schedule an Intro Call with me not to get caught up...