Dorotea Tuzon

Preparing for tax time doesn’t have to be stressful. Here are some easy ways to get your business prepared!

Connect with your accountant in preparation for your 2023 taxes. Remember it’s
your accountant’s busy season so getting in touch early can help them get the ball rolling
well ahead of that deadline.

Consider an accounting software like QuickBooks Online to keep your books in order year-round. By the time you hit tax season, you’ll have everything organized and can easily pass info to your accountant to complete the process. 

Quickbooks is designed to be user-friendly, making it easier for individuals to navigate through the tax preparation process. They often provide step-by-step guidance and prompts to ensure that all necessary information is entered correctly.

It also automatically performs calculations, reducing the risk of mathematical errors. It can calculate deductions, credits, and tax liabilities accurately, saving time and ensuring accurate results. It is also regularly updated to reflect the latest tax laws and regulations. This ensures that users are always working with the most up-to-date information, minimizing the risk of filing incorrect tax returns.

Think ahead and prepare upcoming estimated quarterly taxes—especially if you are
self-employed. These dates don’t coincide with regular calendar quarters, so it’s a good
idea to plan in advance. Here is a calendar of key 2023 tax dates for reference.