According to Xero.com, here are a few end of the year tax tips for everyone to consider:
- Determine employee bonus payments and withhold the required tax amounts.
- Pay all vendors by year end.
- Prepare all payroll records.
- Review your profit and loss statement before the year is done.
- Analyze your cash flow.
- Review your year-end goals to see if you met them or fell short.
If you are needing tax assistance, contact our law office at 816-524-4949 or visit our website at www.Hoorfarlaw.com.