The busiest season in my business runs from early December through February, covering two crucial tasks: filing 1099s before the IRS deadline and closing out the year’s books. Getting this right is vital to avoid penalties, and it also ensures clients’ CPAs have clean, accurate financials ready to go in February. To prepare, I collect W-9 forms from contractors throughout the year and keep each client’s bookkeeping up to date and organized. When January arrives, I can quickly generate accurate 1099s and finalize their books without a hectic scramble.

Throughout this process, I collaborate closely with my clients’ CPAs to address any questions or issues that might arise. This teamwork is essential, as it prevents compliance problems, relieves stress for clients, and sets the stage for a smooth tax filing season. By having financials ready and accurate, clients can focus on new business opportunities rather than worrying about last-minute tax surprises.