It's time to evaluate all aspects of your fishing operations

摘要

With the summer fishing season over, it is time to act on financial strategies for your fishing business. Whether a fishery is experiencing record, normal, or below average returns or prices, managing your profits or losses is an annual drill necessary for long-term business success. Here are tips to help organize the financial management to-do list before year's end. With final bills in hand, meet with a tax preparer right away to know how much tax will be owed. A tax preparer will 1) estimate how much money to set aside for taxes, and 2) want to know about equipment, gear, or permit purchases to be made before the end of the year.