Let’s Get Started! 2020 Year-End Tax Planning
Updated: Mar 10, 2021

Can you believe 2020 is almost gone? Most of us are relieved but, for Peridot Consulting, Inc., it means we work hard every day to help you with your year-end projections to make sure you are ready for the 2021 tax season. Want to make life easier for next year? Let’s get started.
Overall End of Year Tax Planning
Contact us to get started on year-end tax projections. Let’s set up a quick 15-minute phone call to make sure you are on track.
Here is what may need to get started:
YTD Income
Latest pay stub
Estimated tax payments made
Other income items to date
Bookkeeping for any owned business
CONTACT US with any questions!
Call us (828) 242-6971
Email: peridot@peridotconsultinginc.com
Here’s what you can do to jumpstart that year-end planning for both business and individual:
For Individuals:
Tax Organizer (2019) The 2020 pdf version is coming soon!
Upon request, Peridot Consulting clients can receive an online digital copy of their detailed tax organizer
For Businesses:
Be sure to update any bookkeeping (i.e. Quickbooks)
Be sure payroll items are ready to go. For example, W-2’s and 1099’s ready to be sent out
Year-end inventory is in order
Accounts receivable is up to date
Any reconciliation bookkeeping is in order
Update any depreciation schedules
Also for Businesses by January 31st:
1099’s are ready. Here is a direct link to the IRS regarding details about who is 1099
W-2s are sent out by 1/31/2021
County business listing forms are complete
Any further information or questions regarding PPP loans, stimulus packages, SBA, etc… Please contact the Peridot Consultanting team directly.
OTHER YEAR-END TAX PROJECTIONS
Please make an appointment with John Michael Kledis.
(828) 242-6971
peridot@peridotconsultinginc.com
Disclaimer: This is a brief synopsis and individual situations may vary. The above has left out many details for summation purposes. Do not take any advice from this column and please consult with relevant parties before making any decisions regarding the subject matter within. Any U.S. federal tax advice contained in this blog is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter that is contained in this blog.