Business Tax Help: Who to Turn To?

If you are looking for business tax help, advice is everywhere. The problem most small business owners face is discerning the good advice from the bad advice. You should not rely on tips from colleagues, newspaper columnists or even the Internet for all of your tax advice. These are good places to start looking for resources, but when it comes time to act, consider going a bit further.

Small Business Accountants

The first and most obvious place to look is to an accountant. These individuals have studied tax law, and they are licensed to help you make financial decisions. Specifically, you should seek a small business tax service. One simple tip is to look for a firm that is also a small business. While a large accounting firm may offer small business services, a small accounting firm has experience because they go through the same process with their own taxes each year. These firms understand the unique challenges and questions you may have. They also tend to be more responsive to your account. To a large corporation, you may be a small potatoes client. To a smaller business, though, you represent a larger cash flow, and they will reward you with better service.

The Small Business Administration

The Small Business Administration (SBA) cannot help you file your taxes, unfortunately. However, the SBA is designed as a resource center so you can find answers to your questions. You will be able to easily locate answers to commonly asked questions on the SBA website. If you want to go a step further, visit an SBA office near you. Officials with the SBA will be able to point you in the direction of low-cost, quality advice for filing your taxes.

Non Profit Tax Assistance

One of the places the SBA may point you toward is a non profit accounting service. While these services still charge you a fee, the fee will generally be lower than those charged by for-profit firms. In fact, you can view information about the fees and earnings of any non profit organization because this information must be publicly provided. This offers peace of mind to many small business owners. Non profit services are also interested in protecting their own tax-exempt status. They will be less likely to perform any illegal accounting maneuvers out of fear that they could lose their own position with the IRS.

Finance Education and Classes

Ultimately, it is in your best interest to learn some of this information for yourself instead of constantly turning to others. Many small business owners did attended business school or have finance degrees. Many, though, simply had a good idea for a business and went with it. If this is you, then you may have absolutely no experience with financial reports or accounting. You can fix that problem in as little as a few days. Most community colleges offer classes in finance and accounting that can be completed quickly. Seek online or weekend seminars to help you meet your goals of financial education and still run your business day-to-day.