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In this episode, we're going to dive into closing your year in 2020 for tax so we can all put 2020 behind us without any stone left unturned. The quicker you can actually file your tax return timely, the better you can stay focused on what's in front of you currently and what's ahead of you.
Make January the month you recalibrate and close your year in terms of taxes. Take the steps you need to take today while you're closing this year to set you up for success in the next.
Let's make 2021 all about the lessons we need to learn and about doing the things we need to do now to go forward in a way that we're going to reap the fruits of our labor when January 2022 rolls in.
In this episode, you will hear:
- What closing your year-end looks like
- Why people don't file their taxes timely
- Ways to file your tax on time
- Paying attention to your balance sheet
- Some changes in the 2020 tax season in light of COVID
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