Tip of the Month

• December
  • Closing Out 2011 – Review your tax calendar for remaining 2011 payments and notice deadlines. Double check your accruals to make sure all known and quantifiable tax obligations have been properly accounted for and booked.
  
  
  • 2012 Start up – Prepare annual data collection letters and request information on asset acquisitions and divestitures. Review legislative reports and state and local rule changes for those affecting your assets in the upcoming year.
  
  
  • Year-end is a busy time, so attention to detail and early preparation will save you from making costly mistakes.