Eric M. Borow, CPA, PA

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2019 Is Almost Over!

Time flies when you’re having fun! 2019 is winding down and now is the best time to act to stay out ahead of potential headaches. Here are some easy tasks to help close out 2019 strong:

  • 1099’s:

    • Gather up information for eligible vendors using form W-9

    • Update your accounting records

    • Contact your adviser to let them know you’ll need to file 1099’s

  • Payroll:

    • Update employee records

  • Documents:

    • Start gathering up documents!

      • Large purchase invoices

      • Bank statements

      • Loan statements

      • Vehicle mileage

  • Tax Planning Meeting:

    • Schedule an appointment for a tax planning meeting before it’s too late! If you wait until after December 31st, you’re options will be severely limited

    • Communication is key!

An ounce of planning will save a pound of trouble down the road, so there’s no time like the present to start chipping away at these simple tasks!