Year-end planning is vital to the health of your business.

Year-end, at its most basic, comes down to reporting, preparation and planning for the year ahead, giving you the chance to look closely at where you’ve been and focus on where you want to go.

Preparing Your Books for Year-End
Before you can work on reporting, you need to have proper financials in place. This begins with preparing your organization for the year-end planning process. Ideally, we believe this should happen all year long. By keeping your books year-end ready, you can make strong, strategic business decisions throughout the year and not be caught off guard when it’s time to report.

Having solid, up to-date financials and accurate year-end reports will be critical for business growth and success as you kick off 2022. This includes how your business has done in the past, what taxes were withheld and how you paid your vendors and contractors.

Beyond Year-End: Planning for the Year Ahead
Year-end planning isn’t just a look into the past. It’s also about setting yourself up for future success and growth. Year-end is a chance to take a holistic look at your organization, its processes, systems and goals. In our experience, the strongest companies make year-end about more than just compliance. It’s about charting a course for the year ahead.



Understanding Form W2

Understanding Form W2

Every employer engaged in a trade or business that pays for services performed by an employee must furnish a Form W-2 to each employee, even if the employee is related to the employer. Key factors that require the filing of a Form W-2 include withholding of income, Social Security or Medicare taxes or if you paid $600 or more in wages, even without withholding taxes.

There are so many intricacies when it comes to Form W-2.


Understanding Form 1099

Understanding Form 1099

Organizations that make certain payments to nonemployees during a calendar year must distribute annual information returns both to the IRS and to the recipient of the payment. In order to facilitate payment to independent contractors and vendors, the IRS created the Form 1099 Series. Each Form 1099 has its own specific reporting requirements.

Learn what you need to know to make sure you’re in compliance.


Understanding Personal Use of a Company Vehicle

Understanding Personal Use of a Company Vehicle

Does your organization provide vehicles to its employees? If so, you need to pay attention to how this may affect your employee’s taxable income. When your employee uses a company vehicle for personal use, it becomes taxable and must be reported on their W-2. By catching this early and preparing for it throughout the year, you’ll be ready for a simpler year-end planning process.

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Tax Planning Guide

Tax Planning Guide

Want to find year-round strategies to make the tax laws work for you? We've compiled a guide to help you move forward in the new year with tax saving opportunities and tips.

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Organizations who are proactive and strategic in their year-end planning are better set up to start the new year strong. But with so many items to consider, where do you start?