The new year has been rung in and I’m sure your first thought in 2020 was, “2019 is over, I need to get my accountant my tax forms STAT!” However, you may have to take a breather and wait for everything you need to be ready. What should you wait for? It depends on the type of taxes you’re filing and what types of income you have.
Businesses typically have their tax information prepared much earlier than individuals. In many cases, business information flows onto an individual taxpayer’s tax return which is why the filing deadlines are usually earlier.