TotTax

TotTax

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01/07/2022

Everyone in business must keep records. Keeping good records is very important to your business. Good records will help you do the following:

💰 Monitor the progress of your business
💰 Prepare your financial statements
💰 Identify profitable sources of your income
💰 Optimize tax deductions
💰 Keep track of your basis in property/virtual property
💰 Prepare your tax returns
💰 Support items reported on your tax returns
💰 Make calculated financial decisions

Need help centralizing your business records - DM me “books” to Lear how I can help.

01/28/2021

Filling season starts on February 12th! Get your paperwork in order now!

https://www.irs.gov/newsroom/2021-tax-filing-season-begins-feb-12-irs-outlines-steps-to-speed-refunds-during-pandemic

01/07/2021

Business e-File Start Date

The IRS will begin accepting business returns on Friday, January 8, 2021.

Forms 1120, 1120S, and 1065 can be transmitted electronically starting 9am EST. At that time current and two prior years can be e-filled.

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