This time of year can be incredibly stressful between yearend closing (keep reading for a handy checklist) and navigating the holiday season... so I’m going to make sure this email gets straight to the point! If you don’t read anything else in this newsletter, read this! We have two big bank holidays that fall on a Monday coming up: December 25th, 2023, and January 1, 2024. Make sure that you have a plan in place to adjust for payroll or any other important payments due on these dates.

At Elite we have dedicated tax EXPERTS ready to get your 2023 tax return prepared timely & accurately. Did you know Elite is a full service accounting firm? We take care of all of your small business’ needs including payroll and taxes for one affordable monthly fee. Don’t waste another year guessing your way through your business finances. Visit our website at elitefsbr.com to schedule a consultation and get started today.

It’s Almost 1099 Season!

HOW TO GET A HEAD START ON 1099-NECs BEFORE JANUARY

• Make a list of all contractors you paid for services this year and verify the amount paid to each contractor.
• Make sure you have a W-9 on file for each contractor you paid over $600 or request one now!
• If you paid via credit card, the payment processor will issue a 1099-K instead if reporting requirements are met. (Keep an eye on my social media this month for more info on these changes!)

Year-End Checklist

Feel a little lost when it comes to ALL the things you have to do as a business owner at the end of the year?

I’ve put together a FREE Year-End Business Checklist to help point you in the right direction when it comes to:

• Accounting
• Business Systems
• Information Technology
• Marketing and MORE!

Click here to request a copy of the Year-End Business Checklist

One last update from Elite Financial before you go, we’ll be officially Out of Office from December 18th to January 2nd. If you need immediate assistance leave a detailed message in your client portal. Our team will be enjoying this time with friends and family, and we hope you do too!