Preparing the tax folder for yearend taxes can be time consuming and confusing. My clients know that their books have been entered correctly or reviewed from the beginning of a fiscal year to end. When making these entries or corrections, a professional bookkeeper is more experienced in what accounts to put the entries into and what it means to have an entry going into a certain account. The tax preparation folder includes generated reports that encompass the financial summary of the fiscal year. This allows your CPA a clean and easy way to review the financial transactions of your business over the last fiscal year. Having a well put together tax preparation folder means that you are able to hand everything into your CPA and let him do all the calculations for your taxes. It’s as simple as deliver to your CPA at the start of tax season and wait for your return.
