Guide to Tax Returns for Small Business Owners

Guide to Tax Returns for Small Business Owners

Tax season may come as a challenge if you’re a small business owner and most will find it to be such a headache. If this is your first tax season, you will need to check out this guide to tax returns. Prepare your documents to be filed accurately and in a timely manner so that your business can attain the maximum business tax refund.

Every small business owner’s guide to tax returns

A Checklist for First-Time Filers of Business Tax Returns

Review the Business Tax Return Completely
Choose an Accounting Basis
Choose a Depreciation Method
Remember Your Home Office Deduction
Don’t Forget Non-employee Compensation
Keep Track of Automobile Expenses
Plan for Paying Self-Employment Tax

Rosenberg, Joseph “7 Tips for Filing Your First Tax Return as a Small Business Owner.” 20 November 2019
Guide to Tax Returns for Small Business Owners

Silicon Harbor Business Services is based in Mount Pleasant, SC.  We provide solid, practical advice to small business owners and select individuals.  We work with Quickbooks Online, Quickbooks Desktop and Quickbooks Enterprise.

For a complete list of our services, please click here. Reach out to our team of Business Consultants at Silicon Harbor Business Services in Mount Pleasant, SC if you have any questions about online bookkeeping or business consultancy. We’d love to hear from you!

Leave a Reply

Your email address will not be published. Required fields are marked *