Most people don’t think about taxes in December because the holiday season is upon them. However, the month of December usually offers you the last chance to save taxes in April. This is part one of a two part series that offers some tips. Part 1 dealt with personal taxes, and today on part 2 with business taxes. In either event, since your tax situation may be different, check with your tax adviser before making any decisions.
- Check out our policy, processes and procedure podcast to develop the infrastructure of your company.
- Find software that you can integrate into your processes.
- Organize your 2015 information and determine where the wholes are for 2016.
- Start 2016 with your new procedures
- Search for new equipment needs and check with your CPA if accelerating their purchase into 2015 will help you.
- Complete your 1099 independent contractor information.
- If you are an S-corporation owner, talk to your CPA about deducting your health insurance.
