Preparing to close out your Year-End Bookkeeping - SPECIAL !

Preparing for year-end closeout of your business bookkeeping can be a daunting task. McVay makes it simple. In December you can receive our year-end discounts if you use our QuickBooks Review and year-end close out services. Contact us for appointments between December 1st and December 23rd. We can work remotely or I can visit your office. Free evaluation of your QuickBooks Data is available. If your required to send 1099's for 2019 for anyone making over $600.00 I can help. We have a full e-file 1099 system that not only sends your recipients but will efile with the IRS. You must reserve this service prior to December 31st.   Tax Filing Starts January 21st 2020.

Remember we also do: 

• Accounting
• Book cleanup
• Bookkeeping
• Financial planning
• Financial reporting
• IT consulting
• Payroll
• Personal tax
• QuickBooks consulting
• QuickBooks Payroll
• QuickBooks setup
• Self-employed Schedule C tax
• Small business tax
• Tax advice
• Tax consulting services
• Tax planning
• Tax preparation
• Tax services
• Tax setup

Please review these items for business taxes....

• Profit and loss review. The first thing you should do before and after this checklist is review your profit and loss statement
• Collect W-9s. Related. ...1099's
• Gather and organize your receipts
• Reconcile your bank accounts and credit cards
• Check payroll liabilities,payments and W-2s
• Accounts receivables and invoice reconciliation
• Take physical inventory on 12/31/2019
• Call and book your business tax appointment today @ 850-725-5696 - Mike@MikeMcVay.com

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• Step 1: Get your bookkeeping in order Without updated books, you can’t file your taxes. Here’s what you need to do before tax season hits to get your books in shape.
• Make sure all of your business transactions are recorded properly Screwing up your taxes because of a missing or erroneous transaction can be stressful—but also easily avoidable.
• Make sure you’re recording all of your business transactions in your general ledger, and that you’re categorizing each transaction as accurately and consistently as you can. If you’re paying a developer to build an app for your Cat Cafe, for example, don’t record it as an “investment” one month and a “marketing expense” the other. Be consistent.
• Make sure your books are balanced If you use double-entry accounting, make sure that your books are balanced—that is, that the sum of all the credits is equal to the sum of all debits.
• If you’re using a program like QuickBooks, don’t worry about this part—it should be done automatically. If you’re doing your bookkeeping on paper or in Excel, check out our guide to double-entry bookkeeping.
• Reconcile your bank accounts“Reconciling” is just a fancy accounting term for “make sure your books match your bank records.” But doing so can save you and your bookkeeper loads of time and trouble in April.
• Your bookkeeping isn’t really done until you’ve checked it against what the bank says.
• Separate personal and business expenses Not separating personal and business expenses can become a huge headache around tax time. It generally takes more time to sort through expenses when they’re mixed up in one account, and you might miss some deductions.

We are an approved IRS Fresh
​Start Program center.
Mike McVay, Tax Accountant 
850-725-5696
Mike@MikeMcVay.com