As we head into March,

• W2 forms should be completed
• 1099 forms should be completed
• QB file should be sent or made available to your tax accountant for 2025 tax preparation.

Next step:  After the tax accountant has your QB file, then set a closing date in your QB file.  This prevents transactions from mistakenly being entered into a prior year. Why is this important? Your QB file should match your tax return for 2025. Since the file has gone to the tax accountant, the numbers cannot change now.

To set a closing date in QuickBooks Desktop, navigate to the Company menu, select Set Closing Date, then click Set Date/Password to choose a date and create a password (set the date as 12/31/25). Call us with any questions!