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END OF YEAR SEASON PASS HOLDER PROMOTION JOIN NOW FOR THE 2024 SEASON & PLAY THE REMAINDER OF THE 2023 SEASON FOR FREE!!! LIMITED SPOTS AVAILABLE (FREE PLAY: STARTING SEPTEMBER 15TH) (MUST PAY IN
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Review all financial records and statements for the year
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Review and update any necessary tax forms or filings
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Create a year-end closing journal entry to ensure the accuracy of financial statements
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The end of year season refers to the period when individuals and businesses prepare and file their tax returns for the previous year, as well as manage financial statements and reports.
Individuals, businesses, and organizations that have earned income or are required to report financial information are typically required to file during the end of year season.
To fill out end of year season forms, gather all necessary financial documents, complete the appropriate tax forms accurately, and ensure that all income, deductions, and credits are reported correctly.
The purpose of the end of year season is to accurately report income, calculate tax liabilities, and fulfill legal obligations to the government.
Information that must be reported includes total income earned, deductions claimed, credits eligible for, and any taxes already paid or withheld.
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