Health & Fitness
Year End Records
It is almost time to start pulling together those 2013 records for the preparation of your tax returns! Yes, tax time is almost here!!! There are a couple figures that we want to remind you to have ready for your accountant when you submit your information:
Business Mileage - please make sure that you have a mileage log fully filled out for 2013. The log will show each business trip you made with your vehicle, it will detail where you went and why, the date, and the distance each ride took you. This log is important to have ready in case you get audited.
Ending Inventory - It is important that you review your remaining inventory on 12/31/13 to find out the value of it. This figure is easiest to obtain on the last day of the year instead of trying to go back and piece it together after the fact.
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Please consult your tax advisor on all the above information and subscribe to our YouTube Channel to get frequent helpful tax videos, http://www.youtube.com/channel/UCE8ZHkI-IRMSzwLej1Cxk0Q.