WHERE DID YOUR MONEY GO?

Business owners, your bank balance is NOT your profit—and waiting until tax season to figure out your numbers can cost you. In this episode of Talk It Out with D&D, Denise Murray and Denise Day break down what business owners and taxpayers need to be doing NOW to prepare for tax season and year-end. We’re talking about: ✅ Why your bookkeeping needs to be cleaned up before tax season ✅ Why bank balances, profit, cash, and taxable income are NOT the same thing ✅ The October 15 extended tax deadline ✅ What happens when you leave income documents off your tax return ✅ How IRS wage and income transcripts can help locate missing W-2s and 1099s ✅ Why business owners need to reconcile their accounts ✅ Payroll and reasonable compensation for S-Corporation owners ✅ W-9s and contractor recordkeeping ✅ Estimated tax payments ✅ How your W-4 can cause you to owe taxes ✅ Business deductions and why you should not “write off everything” ✅ Why tax preparation and tax planning are two completely different things ✅ What business owners should handle BEFORE December 31 One of the biggest mistakes business owners make is waiting until January or tax season to finally look at their numbers. By then, some planning opportunities are already gone. Your accountant can’t plan around information you haven’t provided. So before this year ends, get your bookkeeping caught up, review your payroll, collect those W-9s, look at your estimated taxes, organize your tax documents, and know exactly where your business stands. Need help with bookkeeping, tax preparation, business structure, payroll, or year-end planning? Visit Unique Business Experience LLC at ubellc.net 🎙️ Talk It Out with D&D Two Denises. Two Perspectives. Let’s Talk About It. Subscribe and turn on your notifications so you don’t miss our weekly conversations about business, money, relationships, family, and real life.