An Essential Year-End Checklist For Your Business

Many business owners are coming up on what may be an especially hectic time: year-end. So, we polled our staff and came up with this checklist to consider as you approach this busy time of year:

1. Check with your tax advisor to see if there is anything to be done to minimize the tax burden.
   – Chris DeMaio, Manager
2. Donate money: it provides tax savings plus it will leave you feeling great!
3. Tie up any expense reimbursement loose ends.
   – "Annie Gant, COO
4. Prep any audit forms required and/or annual reports for the City of Chicago.
5. Decide if, and how much employees will receive for year-end bonuses.
6. Start planning next year's budget if you haven't already.
7. Decide if the current year should be locked in your accounting system after December-close to prevent any prior year changes.