image credit: JETACOM AUTOFOCUS/shutterstock.com
This article was written by TSIB’s Andrew Waterbury and is published in the ABC Southern California Monthly Newsletter, The AGGREGATE, November Edition. Andrew is the Director of Surety at TSIB’s Santa Ana, CA, office servicing Orange County, Lost Angeles County, and Riverside County.
The fiscal year-end for many companies is just around the corner. Subsequently, now is a good time to begin tax planning while keeping in mind how your year-end financials will look when presented to your banks and Surety companies. Banks utilize year-end financial statements to underwrite your credit facilities as well as Surety carriers to establish your bond program throughout the year.