Tax Season and what BACH does to prepare

Tax season can be a stressful time for many people, but staying organized and on time can make the process much smoother. With the right strategies and tools, you can make sure you meet deadlines and avoid any last minute rush. Here is what BACH Real Estate Investment Group does to prepare and stay on time. 

One good way to stay up to date on your taxes it to create a tax calendar. This would be a great idea for both business owners and individuals. This calendar should include, key dates such as when tax forms are due, when estimated payments are due, and any other important dates that would help you to stay organized. By having these dates in place, you can easily see what needs to be done and when. BACH uses this strategy to help our admin team to stay organized when sorting out certain tax documents for each investor. This ensures that we will be on time and that investors will get their documents on time.

Each investor at BACH has a shared google folder that all of their K-1 documents are uploaded to. When the admin team goes through each investment, they split each investors K-1 and files it in their google folder. After we have completed separating each investment property documents, we notify each investor by email so they can access their documents online. 

It is important for BACH to get each investors tax documents in a timely manner. Being prepared for tax season is essential for it to run smoothly. Each year BACH finds new ways to stay organized and has a great team to keep things running the way they should.