Get ahead of the game!

The number one thing you can do now to make sure you'll be able to prepare your investment club taxes quickly is to make sure your bivio records are correct.

Whether or not you're a club treasurer, ask questions. Make sure you know that the cash balance shown for your accounts in bivio agrees with your brokerage (and bank) statements as of the end of 2013. Then, make sure the number of shares in bivio for each of your stocks agrees with what your final brokerage statement shows.

If those two things don't agree, it is guaranteed that your club has work to do prior to preparing any tax forms. Make sure you ask questions. All club members are responsible for tax filings being correct.

To finish ensuring all of your records are ready to use to prepare taxes and all of your membership is being tracked correctly, we'd highly recommend you do a club audit sometime before your 1099's and the tax program are available in mid February.

How do you do an audit? You'll find it's easy and even fun using our guided steps and audit form.

Join us for Audit party weekend on Jan. 18 and 19th. We'll be doing a webinar on the 18th that will demonstrate the steps you go through to do an audit. We'll also be available all weekend to help you clear up any questions or issues you find when you do it.

A club audit protects all of you. Make sure to put it on the calendar. Then plan to put on your party hats and celebrate!

Register Now - Saturday Jan. 18, 1PM ET

Are your club members asking when their tax forms will be ready? Point them to this page:

2013 Tax Season Information

It contains all the information you need to know about negotiating a successful tax season for your club.