Is your business cash or accrual basis? If you don’t know, it would be indicated on the 1st page of your tax return. You could also ask your tax accountant. Knowing this is important especially as you get towards the end of the year. You will want to look at your Profit and Loss report in the correct “basis”. This may give you a little idea of what’s ahead for taxes. If you need help looking at your Profit and Loss report, please let us know!