IRS Motto: We’ve Got What It Takes to Take What You Got
Ugh, the dreaded conversation about filing your taxes as a small business. The topic alone is enough to make some small business owner’s stomachs turn. What if I told you there was a way to get organized, become prepared for the dreaded Tax Day deadline, and maybe loath tax season a little bit less. I know you’re probably rolling your eyes but bare with me.
Let’s start off with the bad news. There’s no cookie cutter comprehensive checklist for small business owners. We wish there was so you could make a list, check it twice, and then hand it over to your accountant. Unfortunately, that’s not the case. There is good news, however. You can be proactive and reach out to your accountant and discuss the tailored needs your business needs to keep record of. They will also inform you of what deductions are applicable to your business and the appropriate tax payment reductions.