USA Today
Filing taxes is a hassle. Fortunately, entrepreneurs realize it and have created systems to simplify the process for everyone. In this article, we’ll be looking at five great resources that make filing a real breeze. This way, even the worst procrastinators among us can finally get to it!
TurboTax
At inception, TurboTax waged something of a war with the IRS. The goal was to make tax filing less complicated for taxpayers like it is in other countries. TurboTax succeeded and created efficient software that’s available for everyone. Its accuracy is 100% down to complicated endeavors like getting your entitled tax refunds.
TurboTax is significant because there’s at least one less reason for us to be afraid of Tax Day. Not everyone can afford to pay for the opportunity to pay the government. The TurboTax team understood that and responded accordingly, making it free for everyone who earns less than $66,000 annually.
Taxfyle
Taxfyle is an all-inclusive tax service — the only thing you’ll ever really need. Besides helping you find qualified US-based public accountants, it also offers a wealth of resources and tools for filing your taxes. For example, its tax bracket calculator tells you what your annual tax rate is based on your income, filing status, and other factors.
Taxfyle also has a blog that publishes content on everything tax-related. You can find articles on topics like finding the right tax consultant and the best tax courses to take. Some articles even focus on recent changes in the way we file our taxes.
The IRS
Most people see the IRS as a soulless organization determined to take away their hard-earned cash. Fear of IRS auditing is part of why most people put so much effort into filing their taxes. While many of these fears are grounded, the IRS contributes more to helping taxpayers than we realize.
For example, it implemented changes to assist taxpayers impacted by COVID-19 in settling their debts. The organization also approved some tax-related courses people can take. You can read more about these courses here: https://taxfyle.com/blog/top-4-irs-approved-tax-preparation-courses-you-should-take.
Freelancing platforms
Freelancing platforms are excellent sources of qualified CPAs and tax accountants. You may run into some challenges while hiring these professionals on your own, which is why the platforms are so helpful.
They give you a detailed description of the professional’s credentials, past work experience, and reviews from other users. Glassdoor and Upwork are two great platforms. You can start your search there.
Shoeboxed
Shoeboxed is an app available on iOS and Android that makes the processes leading up to filing a breeze. It helps you track everything you need, from transaction receipts to expense reports. The app has an OCR feature that analyzes text on your receipts and automatically records.
Shoeboxed is so incredible that it won several awards and was featured in Forbes under ‘Entrepreneur’s Toolkit.’ The great thing is, you don’t have to be an entrepreneur to use the software because it has low monthly fees, starting at $18 per month.
