Get Organized for Year-End

Year-end can be a confusing and complex time, both for businesses and individuals alike.

Here’s how you can help keep everything in order.

How Can You Make Year-End as Smooth as Possible?

Tackling year-end responsibilities is no easy task. There are forms to be filled and meetings to be scheduled, plus the 2017 Tax Cuts and Jobs Act continues to impact taxpayers because of new guidance that has been released throughout the year.

Where should you start? It may help to start with your biggest concerns going into year-end. Here are some of the most common concerns we hear:

I’m concerned …

  • I’m not doing year-end correctly for my small business.
  • That tax reform has changed how I do things at year-end.
  • That I’m forgetting individual parts of year-end planning.
  • I don’t have the right tools to figure out year-end.

Small Business

As a business owner, it’s critical to keep up with year-end planning. It will affect not only your financials, but also your goal setting in the new year.

Make sure you’re doing year-end correctly.

Tax Reform and Planning

The Tax Cuts and Jobs Act continues to affect all taxpayers. As new guidance is released, conversations with your tax advisor becomes even more important.


Concerned you’re forgetting individual parts of year-end planning? There are several items to consider from a personal perspective as the year comes to a close.

  • I’m not sure I have the right insurance policies in place. Proper insurance planning can ensure that those you love are prepared for life when things don't go as planned.


Make sure you have the right tools to figure out year-end.

Year End Client Forms

The worksheets contained in the below folder will help you prepare your forms W-2 and 1099.

Latest Insights

As you prepare for year-end, one key item to pay attention to is the change in the deductibility of entertainment and meals benefits. The 2017 tax reform law eliminated the deduction for entertainment, amusement or recreation expenses, membership …
Year-end is far from over. Are you ready? Check out this checklist to help you prepare for and accomplish year-end planning.
As you work through the close of this year and the beginning of the new one, it’s important to think through your employee-employer relationship and how you treat payments to those individuals.
A company-owned vehicle that is used for business purposes (as long as it’s documented) is not considered taxable income. However, when your employee uses the vehicle for personal use, it becomes taxable and must be reported on their W-2.
The IRS has increased penalties for not filing correct information returns or furnishing the correct payee statements.
Do you really have employees? Or are they independent contractors? The business relationship between the organization and the person performing the services is an incredibly important one to define.
Expense reimbursements are a critical part of your year-end, and all year-round, planning. A sound expense reimbursement plan not only helps your business keep proper documentation, it also helps you remain in compliance.
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Recorded Webinar
Your year-end reports must be completed accurately and in a timely manner, without exception! Eide Bailly is here to help. Please join us for a discussion surrounding updates and things to keep in mind as you prepare for year-end.
Information returns are an essential part of year-end planning. Here are some of the common mistakes organizations make when filing the 1099 information return.
Learn the five financial close best practices when closing an accounting period in NetSuite in this helpful, step-by-step tutorial guide.
If you work with vendors, contractors or freelancers, Form W-9 is a critical one to know when it comes to your taxes. Learn why this is form is so important and how you should be handling it.
It is highly unlikely that you will go through 1099 filing season and not come across one required correction, but correcting forms is easy once you understand the process.