Finalizing and Gaining Tax Confidence

tools Etc the type things you have so we just list it all off and then a net income and you know from there if you did this monthly you could kind of is January a good idea of my average month then multiply It Out by 12 and that's how you start projecting you know and once you have more months of information obviously your numbers are going to be more accurate so you don't really need to start doing it right after January but perfect that's a theory so let's do a recap real quick you come in you bring in you do all your your expenses from January to October we're going to use October as our deadline year to date is the term we always used it Y and then you should know that if you have any big expenses coming up like if your insurance is due or if you have a big advertising bill at the end of the year you can also put an anticipated expense amount into that into there likewise if somebody owes you money if you've invoiced someone you know if you have a lot of invoices out there large receivables well let your account know because that's going to be collected by the end of the year most likely or if it's not but you need to adjust for things like that and again the more accurate the less surprise you're going to have and then that gives you two months that gives you all of November and December gives you October to kind of strategize and then November December to not only do any 401ks but equipment purchases or major expenses to make sure that your records balance out and I think that that alone is what puts you back in control of of your taxes and not being a victim but understanding every single thing where it goes and where you're going to sit so when tax season actually rolls around you can be comfortable and not questionable yep agreed perfect yeah you don't want surprises when it comes to taxes no all right well Jeff thank you I'm going to put your contact info in