No entrepreneur ever said that they love filing taxes! Tax season is almost a nightmare for many firms, especially for small business owners as they are new in the market, unaware of the rules and penalties they may come across.
However, small businesses can make this process seamless if they start preparing for tax deadlines throughout the year. Since it is 2019, not 1950, businesses can make use of accounting software to streamline the tax preparation process up to a greater extent.
Software like Intuit’s Lacerte or Pro Series can prove to be helpful for organizations to understand the concept of taxes and fill various forms accordingly. But what about tax deadlines, how to remember various tax due dates? And if you miss one deadline, you’ll be out of the track, which will lead you to heavy penalties.
Important tax dates for small businesses in 2019: