If this is your first time filing small business or solopreneur taxes, don’t feel bad if your head is spinning while thinking about all of your tax obligations. As a business owner, you have different forms and tax obligations to consider than when you were someone else’s employee.
While it’s nice to think that taxes get easier the longer you’re in business, the reality is that taxes can still throw veteran business owners for a loop!
Filing taxes is a necessary part of owning a business, and while it’s no one’s favorite subject, you still need to have some tax-savvy tips to ensure you don’t end up overpaying or underpaying your taxes.
Ideally, you already have a trusted CPA or tax pro that can answer your individual questions and provide guidance along the way. But even with a good accountant, you still need to build your own tax IQ to help you avoid making mistakes throughout the year that can leave you in the weeds during tax season.
The good news is that there are tons of valuable, reliable resources available online for free that are dedicated to small business owners and solopreneurs. We’ve rounded up some of the best resources to help you get started.Read more.