Thursday Tax Tip from Brian R. Schobel, CPA
Review of Financial Statements
Do a final review of your financial statements at year-end. The process may uncover errors. This will allow for correction before presenting these statements to your tax accountant. An accounting system such as QuickBooks will also help maintain current and accurate accounting records. Keeping documents in the cloud will reduce aggravation and costs to prepare your taxes. CPAs are particularly useful resources helping clients with personal and business tax advice. Plan your financial strategies for 2021 tax savings now and make sure to review at year-end!