Shauna Wekherlien, Author at Taxgoddess.com | Page 2 of 18

602-357-3275 info@taxgoddess.com Mon - Fri: 8am - 3pm (AZ)

Reasonable Compensation – the IRS is COMING!!!

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Crypto Rules that could bite you

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The ProAct – What is means for your business – BE PREPARED!!!

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See what webinar attendees have to say about Tax Goddess

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The big boy’s secret strategy that small business owners can use

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Taxation Of Your PPP Loan… AGAIN

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How to get rid of your student debt using tax strategy

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Home office as a W-2 Employee during covid

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ERC Credit for 1st QTR of 2021 payroll’s – 70% go get it!

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When Are My Taxes Due? April 15th? May 17th?

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Unemployment NOT taxable up to $10,200?

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April 15th is now May 17th, again! YAY COVID!!

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Introducing Protection Plus Audit Assistance!

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Can I use my EIDL to pay my income taxes?

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What other resources are out there – When COVID has hit home

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download transactions / input by hand as needed
categorize the transactions
reconcile & balance the accounts (bank, credit cards, loans)
input all payroll information
reconcile payroll accounts, payments, withheld taxes, etc.
review client monthly correspondence for outstanding items / other questions
review client draw account for business expenses
review business expenses for client draws
allocate meals properly between deductible / non-deductible portions
allocate all items to “classes” if function use in the files
allocate all items to various states if multi-state entity
split other tax specific items (depreciation, amortization, interest, accruals, etc.)
compare to previous month in last year for issues
compare to previous month in current year for issues
review for tax changes needed (raise wages, decrease wages)
review for new asset purchases & properly classify
prepare internal workpapers for audit backup if ever necessary
prepare sales tax & file (if applicable)
review need for 1099’s / w-9’s from contractors – request from client
review against overall tax projections (if applicable) to ensure we are “on track”
Analyze any “over arching” issues (audit flags, etc)
review by senior bookkeeper
review by CPA
send final “all OK” or “need changes” email to client.