2020 is quickly approaching and now is the time to do some last-minute tax planning. Here are some year-end tax tips that could potentially reduce your tax liability for 2019. Defer your income, if possible. Take some last-minute tax deductions such as charitable contributions. Accelerate expenses (if you are on a cash basis), such as paying a bill do early next year by the end of December. Sell loser investments to offset gains, such...
This post has been updated. You can find it here: https://www.centuryaccounting1.com/2020/07/22/6-easy-steps-to-get-your-new-business-started/...
I have a confession to make – when I started working for Century Accounting in February of 1995, I did not know how to read a financial statement. I was 18 and didn’t even know what a balance sheet was – I just learned that to help our clients succeed and grow I needed to learn more than how to just “drop the numbers in!” Luckily, over the last 25 years, I’ve learned a thing or two about financial statements. So, in orde...
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