Small business owners have a lot to think about at the start of the year. For most, tax season is near the top of the list. The key to a painless tax season lies in preparation. At the start of the year, take a hard look at your books to ensure everything is tracked and organized. Clean, accurate books make it easier for you and your accountant to file your business taxes and maximize your deductions.
But how can you tell if your books are in tiptop shape? We asked five accounting experts to share their telltale signs that a client’s books aren’t ready for tax season. Here’s what they had to say.