Beginning of November | Start outlining your 2024 budget

Beginning of November | Start thinking about bonuses, raises or other end-of-year incentives

Mid November | Sit down with your tax advisor to discuss any last-minute tax planning strategies. Consider making any year-end purchases that can serve as tax write-offs

November 30 | Check any discrepancies in payroll before the year-end and make any adjustments.

End of November | If you're planning to make any year-end donations for tax purposes, start organizing that

December 15 | 4th quarter estimated tax payments for the 2023 tay year are due for corporations

Mid December | If you're giving out end-of-year bonuses or gifts, make sure to process them in time. And remember, these are often tax-deductible

Mid December | Create a cash flow forecast for the first quarter of the new year to avoid any liquidity issues

End of December | End the year with a clean slate—digitally speaking. Scan all important business documents & receipts and consider cloud storage for added security

End of December | Make sure to review profit and loss statements, reconcile bank accounts, and close out any books for the year-end

Beginning of January | Take a good look at your debt situation and make a plan for improvement. Also, review any loans, lines of credit, or investment opportunities

January 2 | Implement the new budget you’ve prepared, keeping a close eye on both revenue and expenses as the year starts

January 15 | 4th Quarter 2023 estimated tax payment due

January 23 | 2023 Tax season begins

January 31 | Employers send W-2s forms to employees

January 31 | Send certain 1099 forms