Whether you are just starting out or have been in business for years, there are a number of tax preparation resources that are available for your small business. From free tax forms and calculators to online tax services, there is a tax preparation resource that is right for you.
Directory of Federal Tax Return Preparers
Using a tax preparer directory, such as the IRS Directory of Federal Tax Return Preparers for Small Businesses, can help you locate qualified tax preparers. The IRS database includes names, locations, and credentials of tax preparers. But the database is not a complete listing. It includes names of tax return preparers, but excludes volunteer, non-tax, and free tax preparers.
The IRS directory is updated periodically. If you’re looking for a tax preparer, check the database regularly. It may take up to four weeks to update information.
The IRS directory includes tax professionals who have a valid Preparer Tax Identification Number for the current year. The PTIN is a nine-digit number that is unique to the preparer. A PTIN is required by the IRS to be on each tax return prepared by the preparer.
Entrepreneur’s Business Tax Pack
Fortunately, there are a myriad of tax preparation resources to choose from. The best of the best is the Entrepreneur’s Business Tax Pack, a no-nonsense guide that walks you through the tax preparation process in a step-by-step fashion. You’ll learn how to maximize your tax write-offs and minimize your tax liability. The guide also includes a tax calendar, a checklist and a useful workbook. You’ll also find a comprehensive glossary of tax acronyms and tax jargon. Whether you’re a newcomer to the tax code or a seasoned pro, you’ll find a resource to help you do it all. This is a must-have if you’re planning to do your taxes on your own, as well as if you’re an accountant who’s been bitten by the tax bug.
TaxAct
Whether you are a freelancer, investor or small business owner, TaxAct is the tax preparation resource for you. The software automates the process of filing taxes, allowing you to prepare returns faster and more efficiently. In addition to tax preparation, the software also provides educational materials, a knowledge base, and tax attorneys.
TaxAct offers a large database of resource pages, including educational articles, videos, webinars, and articles on tax law news. These materials can help you learn how to file your tax return, as well as find the best tax deductions. The software also provides a robust calculator to help you estimate your estimated taxes.
In addition to its software, TaxAct offers a mobile app. This app provides notifications when your return is processed by the IRS or state tax office. You can also use the app to upload your W-2s and 1099s.
TurboTax Home & Business
Choosing the right tax preparation resources for small businesses can reduce the stress of tax time. The process can be complicated, but software can make it easier. The software can also provide you with tax advice.
TurboTax is one of the best tax software applications available. It is easy to use and offers a wide variety of features. However, it is priced higher than other software. Intuit offers different prices, based on your tax situation. If you are a small business owner, consider the features offered by TurboTax to find the perfect tax software for your needs.
TurboTax is available for both desktop and cloud-based software. It allows users to prepare tax returns at home, at work, or on the go. You can even send your federal tax return directly to the IRS.
Tax-Aide
AARP’s Tax-Aide program provides free tax preparation services to people who earn low-to-moderate incomes. The program’s mission is to help taxpayers over the age of 50 to get their taxes done and get their refunds.
AARP’s free tax preparation services are designed to help people who make less than $50,000 annually. They have a variety of ways to help, including online services, in-person help, and free workshops. The program’s website provides an office locator service, as well as tax preparation tools and tips.
The Tax-Aide Program is a national volunteer effort. Last year, nationwide volunteers completed 852,377 federal returns, securing $1,075,441,589 in refunds for 1,251,641 people.
The AARP Foundation’s Tax-Aide program is a partnership between AARP and the Internal Revenue Service. They provide tax preparation services in safe environments. AARP Tax-Aide volunteers are IRS-certified and provide free tax help to people who qualify.