1 / 10

How To Clear The Decks For Tax Season 2019

If you want to pass the tax season without any trouble then you can follow the tips in this article. Make tax season a pie with these tips.

Highness
Download Presentation

How To Clear The Decks For Tax Season 2019

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. How To Clear The Decks For Tax Season 2019?

  2. Most of the small business owner wears many hats and one such hat is of accounting and bookkeeping

  3. Between day to day operation of marketing, management, and other tasks, taking time out for tax seasons becomes quite difficult.

  4. So, you should start preparing for the tax season through these tips right now and dispel the hassle.

  5. Garner your records You must have heard from many tax experts and business owners that you will need lots of paperwork for filing tax and that’s true. In order to get the right idea about the type of papers you will need for filing taxes, you can visit the IRS website and get the required information.

  6. Know the forms you will need Every state and industry has different tax requirements and therefore the tax forms vary. But here are the most common tax forms- • 1099- This form is given to an independent contractor which you have hired for your company. • 1065- If you are dealing with a small business which is in partnership then you will need to prepare the form 1065 as well. • 1120- If you have an S corporation business, then this form becomes a necessity for you while filing taxes.

  7. Understand the deductions you deserve You have worked very hard for the whole year and running a small business is quite a costly affair, therefore, the government gives tax deductions to businesses on various parameters which keep changing with the passage of every year.

  8. USE AUTOMATION No business likes the tax season, but nobody can avoid it as well. So, rather than feeling stressed for the tax season, you should start preparing for it from now and make it as smooth as possible.

  9. Want To Contact Us?? To thrive more about the QuickBooks Hosting services offered by leading commercial host i.e., Highnesscloud, use following mediums Please visit us at:  Dial our toll-free support number +1-609-488-4984 www.highnesscloud.com

More Related