Happy New Year!

Say what?  Well, maybe we should say happy new TAX year in some cases around the Valley.  A “tax year” is an annual accounting period for keeping records and reporting income and expenses.  An annual accounting period does not include a short tax year.  Maybe this applies to you and your business at the end of June.

If any of the following apply, you must adopt the calendar year –

1.  If you keep no books or records

2.  You have not adopted a regular accounting period

3.  Your present tax year does not qualify as a FISCAL year

4.  You are required to use a calendar year by the IRS

Let Las Vegas CPA Michael Mathews help you sort it out.  Do you own a business that would be better served by filing its annual taxes at mid-year rather than early in the next calendar year?  Then contact Michael and make sure that you do it the right way.  Michael is available as always by calling (702) 240-5237.  Make an appointment at 2620 Regatta Dr. Suite 102 soon.