Small Business Tax Advice
Is this your first year for filing a tax return for your small business? Or have you filed in previous years by paying a lot of money for your taxes to be completed. If it is then you’ll want to take the following information into consideration.
There are various business forms that need to be filed according to the type of business you own. The forms also vary according to the type of taxes you are required to file for example sales tax, employment tax, etc…
Here is a list of business types and the income tax form required to file:
- Corporations (Form 1120)
- Limited Liability Corporation (Form 8832)
- Partnerships (Form 1065)
- S Corporations (Form 1120 S)
- Sole Proprietors (Form 1040)
When filing your business tax return the best advice to be given is to use an online service to help you complete the necessary forms. Online services can save you time and most importantly a lot of money. I have found TurboTax to be a very useful online service when filing my online small business return.
TurboTax Online will walk you through with step-by-step instructions and answer your questions to guarantee the accuracy of your return. Guaranteed accuracy is just one benefit you’ll receive by using TurboTax Online.
Other benefits you can expect from TurboTax online are: 24/7 customer service, Risk of an audit is reduced and the service is safe and secure. For more information in filing your small business taxes, visit TurboTax Online today.