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E N DO F2 0 2 0N E W S L E T T E REnd of Year Notes from Oonah\'s CEO: What an unprecedented year we have had in 2020. COVID 19 turned our worlds upside down and caused a disconnect with our Community
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What is an end of year?
An end of year refers to the final accounting period of a financial year when businesses finalize their financial statements and reports.
Who is required to file an end of year?
Typically, businesses, self-employed individuals, and organizations that are subject to tax requirements are required to file an end of year.
How to fill out an end of year?
To fill out an end of year, gather all financial records, including income, expenses, and any deductions, and then complete the required forms as specified by the tax authorities.
What is the purpose of an end of year?
The purpose of an end of year is to summarize financial performance, determine tax obligations, and ensure compliance with financial reporting regulations.
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Information that must be reported includes total income, total expenses, net profit or loss, and any applicable deductions or credits.
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