Tax Software
Tax Software and Solutions
CO— Guide to Tax Software
For small businesses, there’s no such thing as tax seasons. Tax filing and documentation happen all year long. Tax software can simplify the process so you can file accurately, maximize deductions, and stay compliant with tax regulations all year long.
The right tax software saves time, reduces stress, and ensures your business can avoid costly errors. But with so many options available, finding the best fit for your needs may seem difficult. That’s why we’ve created this collection of tax software guides to make your decision-making process more manageable.
Whether you’re evaluating software for the first time or looking to upgrade your current solution, our resources can help small business owners like you select the right tax software to manage your finances efficiently and confidently.
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As a business owner, understanding your federal, state, and local taxes is vital to your overall success. Here is everything you need to know about filing business taxes.
Assess your year-end tax strategies by reviewing current IRS guidance. Here are the details you need to know.
Explore these commonly missed tax credits to see if there are opportunities to lower the tax burden at your small business.
Gig workers have a few factors to consider in order to ensure they’re meeting their tax requirements and avoiding penalties.
From startup expenses to business insurance, here are some deductions you may be able to claim on your business tax return.
Many people don't realize they are eligible for home office tax deductions. If you're self-employed, find out if you're eligible for these tax breaks.
Learn which of your home expenses may be tax deductible, how to claim those deductions, and what you can do year-round to optimize tax season.
Misclassifying W-2 employees as 1099 contractors has severe penalties. Learn the biggest difference between the two types of workers.
Taxes work a bit differently for family businesses. Here’s how you can reduce your tax liability.
The U.S. Securities and Exchange Commission and many states require businesses to file annual reports. Learn how to file one and which common mistakes you should avoid.
You'll file Form 941 quarterly to report employee federal withholdings.
Get your small business ahead of the tax season this year by completing these essential fall tax tasks and staying aware of upcoming deadlines.
Don’t miss claiming possible credits and deductions on your next tax return.
Before you start collecting tax from your customers, you'll have to first register with the government to remit your collections.
From paying down debt to choosing a retirement plan, there are several decisions small business owners need to make that can have an effect come tax season.
You may be more eligible than you think to claim expenses against the lucrative R&D tax credit.
The IRS considers cryptocurrencies as property, subject to capital gains tax. Learn how to file a return reporting virtual currency in this complete guide.
Donating throughout the year can significantly lower your tax burden, but make sure you’re keeping the right documentation filed.
Understand the current rules and what’s changing in relation to income transferred through P2P payment systems.
Here are a few employee-related expenses you may be able to deduct as a business owner.
How long should you store tax returns, statements, and supporting documents? Learn about the IRS records retention requirements.
Your business structure and other factors determine which forms you submit to the Internal Revenue Service. Explore common tax forms and use cases.
Independent contractors, the IRS, and some state governments need 1099 forms. Learn how to report non-employee compensation.
As the IRS ramps up its auditing of small businesses, here’s what to know in the event that your venture is selected for further review.
Learn about the changes to the reporting threshold for 2023, the “transition period,” and what this means for your business.
Fill out these forms to stay compliant with IRS tax regulations and to bring an independent onboard smoothly.
On July 1, 2021, the European Union will change important rules regarding tax collection and tariff labels. Here is what businesses selling to EU customers need to know.
The way you handle taxes as a self-employed independent contractor is very different from how employees submit their taxes. Here are some tax resources for independent contractors.
There was more to the Tax Cuts and Jobs Act than a reduction in corporate taxes. Here’s a look at the changes the TCJA wrought, now that the dust has begun to settle.