Wanna know a sure-fire way to kill your growing startup’s momentum?
It’s simple: get on the wrong side of the IRS.
Someone once said that hell hath no fury like a government scorned (well, something like that…), and they sure were right. When British undersecretary Christopher Bullock said, “nothing in this life is certain but death and taxes,” he was including small business in that as well!
To help you stay on the right side of tax law, you can leverage a multitude of high-powered tax tools. Trouble is, there are so many available on the market that it can be a hard decision just to pick the right tax software for you.
In this article, we’ll help make that decision easier by listing for you the top five tools on the market today.
1. Tax Caddy
Tax Caddy is a super-simple tax tool that accomplishes one very basic but crucial function. It sends you all of the up-to-date forms that the IRS requires your business to fill out as soon as the government makes them available.
This takes all the guesswork out of which forms you should be using for your company.
2. TicTie Calculate
TicTie Calculate is another fairly simple tax accounting software that will appeal to a very specific subsection of our readers: those who use Adobe Acrobat Accounting. This tool is built for that use case.
With automatic bookmarking, digital calculations, and cross-referencing capabilities, TicTie Calculate allows you to streamline your Adobe Accounting process.
3. Tax Act
Tax Act is built for the entrepreneur who doesn’t know a lot about tax law. The main feature of this platform is that any premium subscription comes with phone access to a CPA or an Enrolled Agent if you run into a kerfuffle while doing your company’s taxes.
4. H&R Block
If you’re a larger business with the capacity to spend a little extra on what makes a solid argument for the best tool on the market, then H&R Block is probably the tool for you.
It includes not only tax capabilities, but also paystub functionality and more high-powered features for larger companies to enjoy.
5. Tax Slayer
Tax Slayer is the ideal tool for a solopreneur. With super lightweight functionality accompanied by a sleek, minimal design, you’ll blaze through your tax forms in a jiffy with this tool.
Keep in mind that it doesn’t come with a paystub generator; however, that shouldn’t even be a worry for most solopreneurs.
Leverage Tax Tools Today
Any of these five tax tools that we’ve just gone over will help you stay on the right side of the IRS. Make sure that you’re ultimately choosing the tax tool that’s right for your business. Don’t just go with the highest-rated one. Pick the one that’s tailor-made not only for your company size but also for your industry. That way, you can be sure that your investment in the tool will produce a return.
For more small business and professional advice, make sure to check out the rest of the articles on our website!