Working For A Young Company? 5 Programs Your Business Should Be Using
Taxes are the undoing of many young companies. Most are woefully unprepared to handle tax obligations in an efficient manner, and they simple don’t have the resources for professional help. However, ere are five programs your business should be using that are available at a reasonable cost.
Intuit TurboTax Business
Young companies don’t necessarily need high-cost accounting services come tax time. TurboTax for businesses is designed to be as simple and straightforward as the software package developed for home use. The program is available at a one-time reasonable cost and designed to maximize savings and identify red flags for partnerships, multi-member LLCs and corporations. It has built-in integration for QuickBooks and handles creation of W-2s for employees and 1099-MISCs for contractors.
ADP.com is an example of an online payroll service. This online program can help a young company distribute payroll on time as well as meet quarterly obligations. What sets this product apart from the competition, however, is automation. Once configured, ADP will automatically submit all documents and payment to the IRS. In addition, tax adviser services are included with the service at no additional cost.
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