BUSINESS SUCCESS, TAX
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Having a part-time or full-time accountant on your staff is not always possible, especially when you're starting out. However, you also can't avoid your tax deadlines (e.g., state sales tax returns, federal income tax return, state income tax return). So, what do you do?
If you absolutely need to stick with diy accounting or self-prepare your tax forms, then turn to reliable resources such as
TIP: Sign up for subscriptions and applications that professionals use (e.g., try the search term 'tax research').
Make peace with the fact you'll never gain the same level of knowledge as a licensed business accountant who has years of hands-on experience and one or more college degrees. It's why you need to pay for consultations from time to time (there's no getting around it).
It's also common to become frustrated because the subject contains technical language. Plus, you'll face a slower learning curve because the tax code has thousands of statutes. The rules may become amended or removed, so once you think you've mastered a subtopic, it can completely change.
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Last Updated: 12/11/2020
DISCLAIMER
Please consult with your accountant, attorney, and financial advisor before implementing any information displayed on this website. DIY research does not replace the advice of a licensed professional who has thoroughly reviewed your file.
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