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Salt Lake City Bookkeeping Blog

How to Simplify Your Small Business Tax Record Keeping

Posted by Leanne Armstrong on Mar 13, 2019 9:00:00 AM

Maintaining a complete and organized set of records for tax purposes is one of the most important aspects of your small business bookkeeping. Not only does it let you optimize tax deductions, it helps streamline the audit process and prevent costly tax penalties. Simplifying your business tax record keeping comes down to one fundamental task: gathering, documenting, filing, and reporting the right paperwork.

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Topics: Tax Preparation For Year End, Tax Compliance, tax planning, Bookkeeping Service

Why it’s Never Too Soon to Start Planning Next Year’s Tax Return

Posted by Leanne Armstrong on Aug 8, 2018 9:00:00 AM

Filing your business taxes correctly and on time is a must. But some entrepreneurs are ready to move beyond these basics and take a more proactive approach to next year’s return. Whether that means becoming more knowledgeable about your individual tax situation, or adopting a new planning strategy, it’s never too soon to get started.

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Topics: Tax Tips, tax strategy, tax planning

End-of-Year Tax Planning Checklist

Posted by Austin Walker on Apr 6, 2016 8:30:00 AM

Failure to do your tax planning before the end of the year can cost you money. There are methods you can follow to make sure that, come the end of the year, you keep your tax liability low and you maximize your potential outcome by preparing your write-offs and charity donations in advance. We've assembled a quick checklist for this and next year's tax preparations.

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Topics: Small Business, CPA, tax strategy, tax planning, tax liability