If you’re new to running a business, getting your books in order for year-end can seem like a sizable hurdle. But with the right organizational tools and know-how brand owners can cut down on the stress of this process. Maria Pearman, a CPA specializing in beverage alcohol, joins the Park Street Insider Podcast to shed some valuable insights and strategies that will help streamline the process of year-end accounting.
- Accounting Housekeeping – Pearman covers key aspects of staying organized with accounting; advising on the importance of ensuring that retained earnings align with prior years and reviewing open transactions before submitting to a tax preparer.
- Tax Strategy – Pearman urges companies to plan for tax distributions to partners to cover potential tax burdens.
- 1099s & W2s – She also emphasizes the importance of early preparation and communication with payroll providers to navigate complexities such as fringe benefits for S corporations.
In this episode you’ll hear from:
Maria Pearman, Principal, GHJ
Mentioned in this episode:
Check out Park Street’s Guide to Getting Started in the U.S. Market
Follow us for more industry insights on