That it is not too early to start looking at your business taxes for 2024? In fact, it’s a great time to look at your current year business transactions and trends with your business tax preparer and accountant to make any necessary adjustments before the end of the year. While there is still time in the fourth quarter of this year. As you know, each year tax rules change, adding or removing tax deductions and credits which may affect your business favorably or unfavorably. It’s important to account for these changes when filing your business taxes. The IRS has a set of guidelines and documents here Recommended Reading for Small Businesses | Internal Revenue Service (irs.gov) to help you come up to speed on the latest news and information for year 2024 filing.
This is your latest “Did You Know” update by Small Biz Spotlight.
