Tax Preparation
Tax Preparation and Solutions
CO— Guide to Tax Preparation
For small businesses, tax season isn't just once a year. Tax filing and keeping the documentation to support it organized happens all year long. Working with a tax pro gives you confidence that your tax filing is accurate, deductions are maximized, and you are in compliance with ever-changing tax regulations.
The right tax pro will save you time, reduce your stress, and help your business avoid costly errors. But how do you find the best expert for your needs? We've created this collection of tax preparation guides to make your decision-making process more manageable.
Whether you're making the leap from DIY-ing your taxes to working with a tax pro for the first time, or are seeking to upgrade your current solution, our resources can help small business owners like you select the right tax professional to manage your finances efficiently and confidently.
Don’t Miss These 6 Small Business Credits and Deductions in Your 2025 Taxes
With the help of Block Advisors, small businesses can take advantage of these frequently missed credits and deductions and save on their 2025 tax bill.
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Tax Credits Small Businesses Don't Know They Qualify For
Explore these commonly missed tax credits to see if there are opportunities to lower the tax burden at your small business.
What Is Tax Form 941, and Who Needs to File It?
You'll file Form 941 quarterly to report employee federal withholdings.
What Is an Annual Report, and How Do You File It?
Many states require businesses to file an annual report to stay in good standing. Here’s what to include and how to stay compliant.
A Guide to Tax Deductions for Home-Based Businesses
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.
Tax Forms Every Small Business Owner Should Know
See which common business tax forms apply to your company and how to stay on top of IRS tax deadlines.
Who Needs a 1099? A Guide to Issuing 1099 Tax Forms
Independent contractors, the IRS, and some state governments need 1099 forms. Learn how to report non-employee compensation.
Money-Saving Tax Strategies for Small Business
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.
Everything You Should Know About Tax Form 1099-K
Learn about the basics of Form 1099-K, changes to the reporting threshold, and what this means for your business.
Tax Record Retention: What Documents Should You Keep?
How long should you store tax returns, statements, and supporting documents? Learn about the IRS records retention requirements.
How Do Charitable Donations Impact Your Taxes?
The IRS offers tax deductions for any donations made to charities over the course of the tax year. Here’s what to know if you choose to give back and take advantage of the IRS incentives for doing so.
Guide to Filing Business Taxes
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.
Tax Deductions for Small Businesses
Tax deductions reduce your business’s taxable income, which can save you money on quarterly or yearly taxes. Here are 15 tax deductions your small business should know about.
Tax Season Planning You Should Be Doing Now
Assess your year-end tax strategies by reviewing current IRS guidance. Here are the details you need to know.
What to Know About Taxes for Family Businesses
Taxes work a bit differently for family businesses. Here’s how you can reduce your tax liability.
How W-2 Employees Are Taxed Differently Than 1099 Contractors
Misclassifying W-2 employees as 1099 contractors has severe penalties. Learn the biggest difference between the two types of workers.
Small Business Fall Tax Tasks to Plan For
Get your small business ahead of the tax season this year by completing these essential fall tax tasks and staying aware of upcoming deadlines.
3 Questions to Ask Your Accountant Before Filing Taxes
Don’t miss claiming possible credits and deductions on your next tax return.
A Guide to Sales Tax Collection and Payment Requirements
Before you start collecting tax from your customers, you'll have to first register with the government to remit your collections.
How to File a Research and Development Tax Credit
You may be more eligible than you think to claim expenses against the lucrative R&D tax credit.
How to Report Cryptocurrency Payments on Your Taxes
The IRS considers cryptocurrencies as property, subject to capital gains tax. Learn how to file a return reporting virtual currency in this complete guide.
P2P Income Tax Reporting Requirements
Understand the current rules and what’s changing in relation to income transferred through P2P payment systems.
Employee Benefits Tax Deductions: Guide for Business Owners
Here are a few employee-related expenses you may be able to deduct as a business owner.
How To Prepare For An IRS Audit Of Your Business
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.
Contract Worker Forms: A Guide to IRS Forms & Invoices
Fill out these forms to stay compliant with IRS tax regulations and to bring an independent onboard smoothly.
How the EU's VAT Tax Changes Impact Small Businesses
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.
Tax Resources for Independent Contractors
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.
Tax Cuts and Jobs Act: Guide for Business Owners
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.