Contractor Success Map With Randal Dehart | Contractor Bookkeeping And Accounting Services

This Podcast Is Episode Number 0249, And It Will Be About Contractor Are You Ready For A Very Happy New Year? The year has almost come to an end. Just a handful of things left to do. The term “Burning The Midnight Oil” comes to mind. Some things need to be done and date stamped on or before December 31 of each year or it does not count for the current year. Payroll – Did you take any personal payroll (S-Corp) If not, it may impact your personal deductions.  IRA – 401K Making those final payments before midnight on December 31. (Do not wait until 11:59 PM) Some plans allow you to make payments until April 15th (double check the dates– do not assume)  End of the year income - Getting one last customer invoice out and receiving the payment      Last minute purchases to count on 2017 taxes (expenses or larger item which qualifies for depreciation) January 1 – is the time that the reset button on company financials, payroll tax threshold, expenses, and income start over at Zero. Do you have deductibles that reset