It’s the most wonderful time of the year… tax season. If your business is not already prepping for your next year’s taxes, you could be setting yourself up for failure. On top of the busy time of the year, your employees may find themselves bombarded with tasks, which can make them feel enervated. They can make costly errors that can have a huge domino effect.
Virtual Jeannie Bookkeeping is the leading accounting firm in Santa Rosa. Our team of professional bookkeepers is here to ensure your next tax season is merry and bright. To best prepare your business for the coming tax season, here are tips you should begin to help lessen the tax season stress.
Stay Ahead
Collect documents in advance to avoid the last-minute rush. Explain to your teams the importance of getting everything in line well in advance. Search for missing paperwork. Arrange all your documents efficiently. Itemize and categorize your business expenses.
Delegate tasks effectively. Choose the right tasks to delegate and identify the right people for them. Communicate clearly and responsibly. Make sure every employee knows what’s expected of them.
Set realistic and achievable goals for your team and outsourcing partner. Stay organized to keep things on track and avoid last-minute hassles. Follow up with your team and outsourcing partner’s team regularly.
By staying on top of your document collection throughout the year, you are best preparing your business for tax season.
Leverage Technology
Technology makes tax preparation more efficient and less time-consuming. There are many accounting and financial tools you can use to digitize your tax documents for easy tax preparation. These tools come loaded with features that help prevent errors and make tax preparation and filing a hassle-free affair.
Wondering what exactly can an accounting and financial tool do for you? It can assist your team with different tasks such as managing financial information, digitizing documents, account reconciliation, tax filing, cost analysis, and report generation. These tools help ensure effective process management and error-free reporting.
Define Your Process
It is important that you define and document your process. The right process prevents errors and confusion and can save you time and headaches down the road. When you have a well-defined process in place, everyone knows how to proceed; and your accountants will be able to manage their tasks more effectively.
Reach Out to a Tax Preparation Outsourcing Service For Help
If preparing and filing your taxes feels like an uphill struggle, outsource tax preparation to a tax preparation outsourcing service or accounting firm in Santa Rosa. Your outsourcing partner will take care of everything from collecting and compiling documents to preparing and filing taxes, so your accountants can focus on their most important tasks.
Did you know that you can reduce your overall expenses by up to 70% by outsourcing tax preparation and filing? Tax preparation outsourcing services employ seasoned professionals. Tax experts have an eye for detail. They have an in-depth understanding of taxation principles and are less likely to make mistakes.
Virtual Jeannie Bookkeeping Services is a trusted bookkeeping company serving Santa Rosa. Our ability to customize bookkeeping solutions to meet our client’s unique needs sets us apart. To make an appointment, call (707)664-1425.