Year End Checklist

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Year End Checklist

December 12, 2017      Comments Off on Year End Checklist

The end of the year always comes as a surprise to me. It shouldn’t, but it does. I think that with Christmas and family and Santa and programs and projects, and, and, and …. my head is full and by the time that last week of December rolls around, I’m shocked.

If you are anything like me, you want to be prepared, last year seems like a long time ago and you want to save yourself a bit of work in January when it is already hectic with filings and year-end reconciliations. Because of this, we’re are offering our checklist of the items we review/consider/discuss both before and after year-end. There are probably some of you that could add items and others that some of these items don’t apply, but hopefully it will help you during this time of year.

We also get quite a few questions on 1099 filings. To help you prepare for this filing, here are a few helpful tips and links:

  1. Review your 1099 filings early so that you can gather any missing information.
  2. Some software allows for electronic filing if you have the subcontractor’s email.
  3. 1099’s are issued to subcontractors that were paid over $600 and are
    a. Sole proprietors/Independent contractors
    b. Landlord
    c. Attorney fees
    d. LLCs or partnerships that are taxed as sole proprietors
    e. Consult the W-9 the subcontractor filled out
  4.  For more resources, check out

On another note, electronic W-2/3 and some states are due on 1/29 this year. Aatrix has a nice summary here:

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