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!

  • WhizzlePizzle@alien.topBEnglish
    1·
    1 year ago

    Make sure you write on every receipt what the expenditure is for. Office supplies, computer equipment, travel, etc. Same with every deposit. Who, what, where, when, why.

    Sort all the receipts into different file folders by month.

    That’s the main thing that you have to do, no matter what CPA you use.