3 Steps For Small Business Owners To Avoid Common Tax Mistakes

For many, it is not the most wonderful time of year. Whether you do your own taxes or get professional help, tax time is usually a stressful time. This is especially true for small business owners and founders. Small business owners have enough to manage with their business throughout the year, but come April they need to organize and manage a massive amount of information. Between tracking revenues and expenses, estimating tax deductions and credits and the filing process, it’s no wonder so many make mistakes at tax time.

Luckily there are professionals who can help business owners avoid making common mistakes and maximize their returns. Shiloh Johnson, MST, CPA, built ComplYant to help small businesses and founders navigate their taxes. She has seen first-hand the stressful outcomes when people don’t understand tax requirements. She said there are three steps in tax preparation that can help business owners and founders avoid common tax mistakes.