The Secret of Tax Prep From a CPA

Tax season. The bane of many business owners' existence.

I understand that tax prep can be a daunting and overwhelming task. But there are some simple tips that you can follow to make tax season less of a headache.

◾Organize your receipts - there's nothing worse than scrambling to organize your expenses, medical receipts, bills, etc. Proactiveness pays off, and I suggest having a scanned copy (or paper file) of all receipts well before tax time

◾If you are a Sole Proprietor, ensure you have your bank statements for the past 12 months

◾If you are a business owner, having your business expenses sorted by category on a spreadsheet is all I need to pull together your tax information. (*Note - your spreadsheet needs a robust summary of your expenses, including detailed information on business reason, date, amount, etc.)

If you need help with tax preparation, send me a direct message or contact me at marioyu2@gmail.com.