A Women's Funding Network Initiative
 

Taxes & Accounting

Nervous about keeping track of your finances? Accounting is an important part of your business, especially for tax season. Figuring out the taxes for your business can seem daunting, but it doesn’t have to be! Check out these suggested resources and tools for support.

Resources & Tools

TaxAct
tool

TaxAct is a tax preparation website to help you prepare your taxes. They offer tax preparation for a fee, depending on your tax needs. TaxAct offers free tax tools and calculators to help you prepare for tax season. Their tools include calculators for your self-employment tax, health care tax credit, savings, and more.

Use the link below to check out TaxAct’s various tools and calculators.

NFIB Tax Guide
resource

The National Federation of Independent Businesses (NFIB) is a national advocacy organization for small businesses. They offer a variety of legal guides for small business owners. If you are looking for help on filing your taxes as a small business, we recommend this NFIB guide. They review common deductions, avoiding an audit, and understanding the alternative minimum tax (AMT). After you’ve checked out their guide, don’t forget to check out our other resources on taxes & accounting.

Follow the link below for the complete guide to filing your small business taxes!

IRS: Small Business and Self-Employed Tax Center
resource

This IRS website has all the tax forms you will need for your business and lots of helpful resources about how to file and pay your taxes, including an online learning section. Learn about the different tax forms, preparing your taxes, and much more! Check out all they have to offer by clicking the link below. 

Wave
tool

Are you looking for one software to help you keep track of your finances, manage your invoicing, and run payroll? Wave may be for you. Wave is a service for accounting, invoicing, and payroll. It is specifically designed for small businesses, and they use simple, easy to understand language. There is no cost to use Wave; the accounting and invoicing software are free. To accept credit card and bank payments on your invoices expect to pay 1% per transaction.

Similar services include Quickbooks and Freshbooks, so check them all out before deciding what will work best for your business. Consider the cost, the functions you need, and if you’re using other software and need them all to talk to each other.

Learn more about Wave by clicking the link below.

Expensify
tool

Are you looking for a way to keep your business expenses organized? If you’re overwhelmed with receipts and tracking where your money is going, Expensify can help! Expensify offers a way to track and manage your business expenses, which is important for tax season. You can use this service to scan receipts, compile your expenses in one place, and create expense reports. It is free for individuals and $5 per month for small teams.

Learn more by clicking the link below.

Freshbooks
tool

Keeping track of your income and expenses is especially important for a small business. If you’re looking for a way to do your business accounting online, Freshbooks may be for you. You can use this service to track your income and expenses, create invoices, track your time, generate business reports, and accept credit card payments (and more). A lite version of this service costs $15 per month.

Similar services include Quickbooks and Wave, so check them all out before deciding what will work best for your business. Consider the cost, the functions you need, and if you’re using other software and need them all to talk to each other.

Learn more about Freshbooks by following the link below.

Quickbooks
tool

Quickbooks offers a way to do your accounting online. You can use this service to track income and sales, pay vendors, send invoices, and figure out your taxes. Their service costs $15 per month for freelancers and $25 a month for a basic small invoice plan.

Similar services include Freshbooks and Wave, so check them all out before deciding what will work best for your business. Consider the cost, the functions you need, and if you’re using other software and need them all to talk to each other.

Learn more about Quickbooks by clicking the link below.

Small Business Administration (SBA)
resource

The Small Business Administration is a one-stop-shop for all your business needs. They offer business guides to plan, launch, and manage your business as well as links to local resources. Use SBA to find out about licensing your business, find funding, connect to a business counselor, and much more. También tienen recursos en Español.

Did we miss something?

Tell us about your favorite resource or tool and we’ll add it here!