2022 is solidly underway and with it comes the need to organize your records so that your tax filings are accurate and complete. While this may seem like an overwhelming, onerous task; the A Team can ease the process, no matter your company’s size or industry, or the complexity of your filing.
Our knowledge of your financial picture in particular and
accounting requirements in general puts us in the perfect position to guide and
assist you through the process – though with the dozens of issues to consider, and
ever-changing laws, the earlier you start, the better!
To get underway, we offer this handy Tax Prep checklist:
Reconcileall accountsrelated to your business including banking, credit card and any money accounts, making sure balances are tied to year-end statements shown by the issuing institution.
Reconcile payroll amounts to year-end statements, ensuring contractor and miscellaneous expenses are included.
Double check that allrevenues and expenses are recorded in the proper time period and under the proper revenue or expense account.
Prepare supporting schedules for balance sheet accounts so that details are clear and transparent.
Make sure journal entries are complete and up to date
Your A Team account manager will contact your CPA and/or auditor to discussexpectations for the audit or tax filing.
We will then prepare all needed reports and supporting documents sourced from the reviewed information so that the audit can be performed and/or tax filing can be created.
Throughout it all, the A Team remains available to answer any questions from your CPA or auditor so that you can achieve the best results.
Initial deadlines are soon approaching, especially for companies with 1099 filings to complete; and while there are different tax deadlines depending on filing status, an early start prevents last minute panic and mistakes. The critical mid-March period, when tax preparers will send questions needing immediate attention, will be here before you know it!
The A Team works with over 200 companies from a wide variety
of industries, including marketing, PR, legal, apparel, healthcare, technology,
business improvement districts and many non-profits, and our bookkeeping teams
are expert in the businesses they serve.
Let us take the worry out of tax reporting so that you can
focus on your business!
Have questions? We’re always here to help. Contact us at your convenience by phone at 646-849-4267 or reach out to edine@ateamconsulting.com
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