Do the words “tax season” make you shudder? You’re not alone. Over half of US adults say tax season stresses them out. And when you run your own business, your tax time heebie jeebies are bound to be even more severe. Tax season is faster and easier when your bookkeeping is organized. And our partners at Bench will handle all of your small business bookkeeping, and even file your taxes for you. But if you’re filing your own taxes, read on. We’ll cover all of the forms you will need to file and any deadlines you will need to meet—plus how to file on time or get an extension. The documents you need to file taxes When you file your tax return, you must be able to prove what you earned and what you spent —for the sake of reporting income, as well as claiming tax deductions. These records are not submitted with your return, but you’ll use them to calculate your total income and expenses for the year....Read More
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