Deadlines, Deductions & Data: What Your Bookkeeper Needs from You for Tax Season
Deadlines, Deductions, & Data: What Your Bookkeeper Needs for Tax Season
Tax season doesn’t have to be stressful—if you’re prepared. The key to maximizing deductions and meeting deadlines starts with having accurate financial records. Your Beyond Your Books Extraordinary Bookkeeper plays a crucial role in organizing and maintaining your business’s finances so that tax filing is smooth and strategic. But to do that, they need the right data from you throughout the year.
Here’s what your Beyond Your Books bookkeeper needs to ensure a seamless tax season:
1️⃣ Keeping Your Books Clean & Tax-Ready
Your bookkeeper ensures that all transactions are recorded properly and categorized correctly. To help them do their job efficiently, provide:
✔ Bank & Credit Card Statements – So all transactions can be reconciled
✔ Expense Receipts & Documentation – To categorize deductions correctly
✔ Invoices & Payments Received – To match income to records
✔ Business Loans & Asset Purchases – To track interest and depreciation
💡 Why it matters: Clean books = accurate tax filings, no missed deductions, and no IRS red flags.
2️⃣ Capturing Every Deduction
Your bookkeeper helps ensure you don’t leave money on the table. To maximize deductions, they need:
✔ Receipts for Business Purchases – Office supplies, marketing, software, equipment, etc.
✔ Mileage & Travel Records – If you drive for business or travel for work
✔ Home Office Costs – If you work from home, track rent, utilities, and internet
✔ Payroll & Contractor Payments – W-2s for employees, 1099s for freelancers
💡 Why it matters: Deductions lower your taxable income—but only if they’re properly recorded. Our Extraordinary Bookkeepers at Beyond Your Books helps you organize these tasks monthly, quarterly and annually!
3️⃣ Payroll & Contractor Payments
✔ W-2s for Employees
✔ 1099-NECs for Contractors Paid $600+
✔ Payroll Tax Records
💡 Why it matters: Filing incorrect payroll info can result in penalties—let’s get it right the first time!
4️⃣ Estimated Tax Payments
✔ Records of Any Quarterly Tax Payments
💡 Why it matters: Ensuring you’ve paid enough throughout the year helps you avoid surprise tax bills.
5️⃣ Key Tax Deadlines
📌 January 31: 1099s & W-2s must be sent to workers
📌 March 15: S-Corp & Partnership tax returns due
📌 April 15: Individual & C-Corp tax returns due
Beyond Your Books: Making Tax Season Simple
At Beyond Your Books, we handle the financial organization and bookkeeping that keeps you ahead of tax season all year long. No last-minute scrambling, no guessing—just clean books, maximized deductions, and total tax confidence.
📩 Let’s get your books tax-ready—schedule a Discovery Call today!
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