Wondering what taxes you’ll need to file in 2021? Confused about how to count your PPP or EIDL assistance payments? Curious what you can do to prepare for filing and possibly improve your tax situation before the end of the year? This video is for you!

As you wind down your 2020 activities it’s time to think about closing our your financial year. As you do it’s important to think about things you can do to reduce your tax burden this year. it’s also a good time to considerwhat you’ll need to have ready for tax filing deadlines in January, March and April of 2021. To help you prepare we sat down with Clint Thomas, CPA from RKN CPAs to discuss how to close our the year and how to think ahead to prevent problems when you begin gathering information for filing taxes in the first part of the new year.

IMPORTANT NOTE: Some information about the PPP and other assistance was changed in the December 2020 Economic Assistance Act. Make sure to watch the UPDATE video for additional information to the original video.

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