I started a business in 2020 and did not ever pay any mind to keeping books or taxes. Looking back, I was an idiot, and I am actively taking steps to get current. I did file with the IRS upon starting the business.
My past two years were both 6 figures, and I have reached out to multiple CPAs and bookkeepers to start the process of getting current, and plan to stay current. It was stupid, but it’s done.
My ask from ya’ll is, having read many many threads here and starting to gather documents: what can I do to help facilitate this process with both my chosen bookkeeper and CPA?
Thanks for your time, and if you’re reading this just starting a business - stay current, don’t be lazy, it’s not worth it!
What kind of business did you start that both first two years were 6 figures, just curious?
Also, look up Startup Stack- they have phenomenal discounts on software for small businesses - https://startupstack.com/offers
The guy on shark tank reps this guy for tax services: https://www.linkedin.com/in/shawn-finnegan-03b254a/
https://www.youtube.com/watch?v=zPUibSSgtpo for the shark tank guy’s take on them.
Even if you dont use them now since you already found some people, I would look into them for ongoing. I know the guys that run the whole thing- genuine good people, really know their stuff, and no, I dont get kickbacks for referrals :)