Tax season. It’s one of the most dreaded times of the year for both individuals and business owners. With ever evolving tax codes and complicated formulas, it can be a nightmare getting your data on the books. As a business owner, there is a high risk of audit if you don’t put your best foot forward when it comes to filing your tax return. Careless, easily avoidable errors can result in major losses if you fail to manage the details.

This thought is enough to send many business owners running for the hills! The good news is you’re not alone. In today’s modern computer-based world, technology is on your side and there are simple steps you can take towards increasing the accuracy of your return and avoiding unnecessary errors. Here are a few of the most common tax return mistakes and how you can avoid them.

Poor Bookkeeping

While this may seem like a no-brainer, you’d be surprised at how many businesses are lackluster in their bookkeeping practices. Ineffective bookkeeping can result in higher accounting fees and major errors when it comes time to convert the books to a tax return. Quality bookkeeping comes in the shape of a cloud-based service. Transitioning your data to the cloud via an accounting system conversion is the first step in making sure your process is efficient, effective, and accurate. Engaging in an accounting system conversion is cost effective, reliable, scalable, and accurate. You’ll no longer make those basic math errors and you’ll find preparing your return a much simpler process. You might consider scheduling a system conversion consultation to better understand the pros and cons. You won’t regret it!

Missing the Deadline

Another unfortunate blooper many small businesses make is filing late. The IRS has a scheduled timetable with due dates for when returns must be filed. While an accounting system conversion can’t guarantee you won’t miss the deadline, the automated nature of the software makes it easier to track your progress and will also include reminders as the deadline approaches. The cloud-based nature of the platform also makes it much more accessible. You can access it from home, while traveling, or from anywhere in the world. It can also be accessed by multiple parties ensuring the job gets done no matter what’s.

How Can We Help?

A system conversion consultation is your first step towards a happy, healthy tax year. Our expert team at QBO Hero is the top-of-the-line in this area. We can help you quickly and easily transfer Quickbooks online. You’ll find our staff to be friendly, competent, and well-versed in accounting practices and principles. Call us today to schedule your system conversion consultation. You’ll be glad you did!