When Should I Start Preparing My Business Tax Return? PDF Print

It’s the first week of January, and I already have my December bank statement.  If you have online account access, your statements are waiting for you.  That means it’s time to start preparing your business tax return – or preparing the information for your tax accountant.  As soon as your December bank statement is reconciled, you’re ready to run your trial balance and gather all the other information needed to prepare your returns.  If you’re working with an outside tax preparer, sending in your information early means faster and more personalized service.

So add one more resolution to your New Year’s list:  reconcile your business bank account and start your tax return preparation today!