Share:

Filing tax returns can be a frustrating part of owning a business, especially if you’re trying to do everything yourself. Hunting down receipts and misplaced records is stressful enough without worrying about late fees and IRS penalties caused by simple mistakes. Fortunately, there are a few steps you can take to make the process a little easier.

How to Make Tax Season Stress-Free

1. Keep Your Documents Together

If you own a business, keeping your paperwork may be easier said than done, but the effort will pay off in the long run. Having the receipts you need at your fingertips might even lower your tax bill, since you won’t be forgetting deductions and credits. A good accountant can help set up a record-keeping system that allows you to stay organized throughout the year.

2. Start Early

tax preparationIdeally, it’s best to file your tax returns as soon as the IRS starts accepting them. If your tax preparation expert notices any discrepancies, you’ll have time to correct them before the deadline, and filing early reduces the risk of IRS fraud. If you’ve already filed, the IRS won’t accept another return from someone else with your information.

3. Hire a Professional

The more your business grows, the more complex your taxes become. A skilled accountant will completely take the load off, handling every step of the process so you can focus on your business. They’ll also have an updated understanding of the tax code, which helps eliminate mistakes and ensure you get every deduction you qualify for.

 

As a full-service accounting firm, the professionals at The Callen Accounting Group, PLLC provide businesses throughout Mountain Home, AR, with a broad array of tax return, bookkeeping, and financial report preparation services. With their long-standing reputation for excellence, you can be confident that your finances will be in good hands. Visit their website or call (870) 425-6066 now to make your appointment, and follow their Facebook for more tax tips and advice.

tracking