GHJ Beverage Alcohol Expert Maria Pearman was recently featured on the episode “Essential Talks— Preparing Your Finances For Year End” as part of the Park Street Insiders Podcast, a podcast aimed at helping alcoholic beverage brands from the U.S. and around the world. In this informative episode, Pearman shares her expertise on a range of topics crucial for business owners, including:
- Accounting Housekeeping: Importance of organization in accounting, advising on ensuring that retained earnings are consistent with previous years and emphasizing the review of open transactions before tax preparation
- Tax Strategy: Insights on planning tax distributions to partners, helping businesses prepare for potential tax burdens
- 1099s and W2s: Significance of early preparation and effective communication with payroll providers, especially regarding complex issues like fringe benefits for S corporations
This episode is a must-listen for anyone looking to streamline their year-end accounting processes and gain valuable insights into effective financial management.