Business Year-End Tax Planning公司年终税务规划

CINDIE CPA Firm CONTACT US 联系信息: Address: 200 Centennial Avenue, Suite 106, Piscataway, NJ 08854 Phone: (732) 896-0272 Email: cpa@cindiellc.com

CINIDE has some ideas to lower your business taxes, get organized, and to prepare for filing your tax return. As the year winds down, here are some ideas to consider in order to help manage your small business and prepare for filing your upcoming tax return.

  1. Identify all vendors who require a 1099-MISC and a 1099-NEC. Obtain tax identification numbers (TIN) for each of these vendors with signed W-9.
  2. Determine if you qualify for the Paycheck Protection Program (PPP) safe harbor threshold that allows you to deduct certain 2020 expenses on your 2021 tax return.
  3. Consider accelerating income or deferring earnings, based on profit projections.
  4. Plan your stock or capital market trading strategies for capital gain and capital loss.
  5. Section 179, or bonus depreciation expensing versus traditional depreciation, is a great planning tool. If using Section 179, the qualified assets must be placed in service prior to year-end.
  6. Business meals are 100% deductible in 2021 if certain qualifications are met. Retain the necessary receipts and documentation that note when the meal took place, who attended and the business purpose of the meal on each receipt.
  7. Consider any last-minute deductible charitable giving including long-term capital gain stocks.
  8. Review your inventory for proper counts and remove obsolete or worthless products. Keep track of the obsolete and worthless amounts for a potential tax deduction.
  9. Set up separate business bank accounts. Co-mingling business and personal expenses in one account is not recommended.
  10. Create expense reports. Having expense reports with supporting invoices will help substantiate your tax deductions in the event of an audit.
  11. Organize your records by major categories of income, expenses and fixed assets purchased to make tax return filing easier.
  12. Review your receivables. Focus on collection activities and review your uncollectable accounts for possible write-offs.
  13. Make your 2021 fourth-quarter estimated tax payment by January 18, 2022.

*****以下是一些需要考虑的想法,以帮助管理您的小型企业并为提交即将到来的纳税申报表做准备:

  1. 确定需要 1099-MISC 和 1099-NEC 的所有供应商。获取每个供应商的税号 (TIN)。
  2. 确定您是否有资格获得允许您在 2021 年纳税申报表中扣除某些 2020 年费用的薪资保护计划 (PPP) 安全港门槛。
  3. 根据利润预测,考虑加速收入或递延收入。
  4. 为资本收益和资本损失计划您的股票或资本市场交易策略。
  5. 第 179 条或奖金折旧费用与传统折旧相比,是一个很好的计划工具。如果使用第 179 条,合格资产必须在年底前投入使用。
  6. 如果满足某些条件,商务餐在 2021 年可 100% 抵扣。保留必要的收据和文件,在每张收据上注明用餐时间、参加者和用餐的商业目的。
  7. 考虑任何最后一刻的免赔额慈善捐赠,包括长期资本收益股票。
  8. 检查您的库存是否正确计数并移除过时或毫无价值的产品。跟踪过时和无价值的金额以进行潜在的税收减免。
  9. 设立独立的商业银行账户。不建议将商业和个人开支混合在一个帐户中。
  10. 创建费用报告。拥有带有支持发票的费用报告将有助于在审计时证实您的税收减免。
  11. 按收入、支出和购买的固定资产的主要类别整理您的记录,以便更轻松地提交纳税申报表。
  12. 检查您的应收账款。专注于收款活动并检查您无法收款的帐户是否有可能的注销。
  13. 在 2022 年 1 月 18 日之前缴纳 2021 年第四季度的预估税款。

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