Technology December 10, 2018 Last updated December 7th, 2018 413 Reads share

8 Tax Apps All Small and Medium-Sized Enterprises Must Have

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“In this world, nothing can be said to be certain except death and taxes.” ~ Benjamin Franklin.

Taxation has become so undeniable that irrespective of your vocation or the line of your business. If you aren’t paying your taxes, you are lawless, and when the tax authorities come knocking, you would be brought to a tight spot!

In whatever way, the non-involvement of small and midsize firms in taxation has been blamed on the stress-filled worksheets and exacting process in taxation. Small firms struggle with loads of files for tax returns; thereby resulting in putting it off. Bringing them to an irksome situation when the tax time comes.

However, the use of a tax application gives you the flexibility to input your business files; and accounting documents anywhere and at any time; bringing extreme comfort to small and mid-sized business owners.

One additional advantage of these tax apps is that they can be used to keep track of all your company’s expenses throughout the year. And you don’t have to undergo the usual stress and demanding paperwork.

So if you are a solopreneur or a small business owner and you want to pay your taxes with convenience, while you use the extra moments to focus on other aspects of your business, here are eight tax apps that would be a fit for you.

QuickBooks Online:

QuickBooks Online is a smart accounting software. It can be used for all aspects of your company’s finance.

With QuickBooks Online, you can connect to multiple streams of your business account like your credit account, your savings account, your PayPal account, just to mention but a few.

QuickBooks keeps track of your business spendings, and data from your accounting streams are uploaded. Enabling you to generate receipts with your phone.

You can access QuickBooks on various kinds of mobile devices — Android phone, Android tablet, smartphone, iPad, etc. — as well as on your PC (provided it has Bluestacks).

Quickbooks offers a 30-day free trial giving you the opportunity to decide if the app is best for your business or not. And $12 – $40 per month thereafter.

IRS2Go:

The IRS2Go app is being referred by the Internal Revenue Service. It helps small and large-scale business to check the status of their tax refund as well as obtain vital tax information at intervals. The IRS2Go app also has a section where it explains everything your company needs to know about tax involvement. 

Whenever you send your data through this app, the tax authorities would send you a mail regarding your request and it would be processed within 72 hours. Compared to the 3 weeks you would have to wait before you can check your refund status if you were using the paper tax returns. That’s a favor!

The IRS2Go app is available for download on different kinds of mobile device – iPad touch, iPhone and Android devices.

Turbo Tax:

The Turbo Tax App is just an ideal tool for independent contractors and small business owners.

This app also helps in tracking your business expenditure; as well as keeping records of value depreciation of your company’s assets.

Another very functional aspect of the Turbo Tax App is the expert live corner “SmartLook.”

In this very corner, licensed CPAs and EAs are set to provide you with one-on-one answers regarding tax issues and guide you by displaying it on your screen so you can file with confidence.

iDonatedIt:

If your business engages in noteworthy charity/donations then iDonatedIt is just the best app for you.

iDonatedIt helps build a list of all items you donated and keeps a permanent record.

This app also helps you to track and get a clear-cut value of your non-cash charitable donations making it very easy to account for everything your business issued out when it’s tax time. It also sends a copy of every accounting details to your company’s mail for verification.

H&R Block:

The H&R Block is a tax app that helps you complete all processes of your online filling as well as the most money possible. Upload a picture of your W-2 and the app would naturally import your data.

This easy-to-use app is much more effective for all kinds of organizations, such as; financial institutions, e-commerce firms, auto transport services, automobile companies, and private individuals. It has an unbidden automation process and automatically revises human errors.

Also, this app provides a completely accessible and effective tech support for your business; should the need arises, where it connects you with professionals to make the filling process easier and time-not.

Furthermore, The H&R Block App provides the ultimate security of your business’s data and guarantees you an absolute maximum refund.

TaxAct Express:

The TaxAct Express is an easy to use software which has online apps for small and medium scale businesses.

It helps you prepare your business state and federal tax returns; anywhere and at any time just by answering a few questions on your smartphone.

TaxAct has the W-2 import feature. All you need do is to take a picture of your file or upload from your library; then enter your data beneath and Taxact does the rest for you.

TaxAct provides you with a quick interview to confirm if this is just the right App for your business tax involvements. It also serves you with a step-by-step guide to using the app conveniently; which would help save your dear time.

Evernote:

The Evernote Tax App is practically very common but most small and mid-sized firms are still lacking in its homely use.

By using the Evernote App, helps you connect with your account practitioner easily and comfortably. Just use the Evernote ScanSnap scanner to convey your paper statements, business expenses, receipts, and W-2s’ right way into the app then share to your accountant or tax handler.

With The Evernote App, you can access your business files anywhere at any time.

OneSource – Thomson Reuters:

The OneSource App is designed to help you drive your business global tax compliance and business decision making. It runs utterly online; providing you with updates and reports that would help simplify your corporate income tax and your complex tax needs.

One super advantage of OneSource is that it allows multiple users to access it from different devices at the same time – This means even if your business has a complex database of Tax files, the work can be done by more than one user; saving your time and making the process even easier.

Sign OneSource into your business today and begin to enjoy even more tax comfort.

In Conclusion:

Keeping records of your business expenses or not keeping it could make the tax season tough and unbearable for your company. But with the listed Tax Apps above; you can be confident that taxation is being made easy and would be done in the right way.

However, the IRS Strictly warns of Tax Identification Theft. So whichever mobile app you’re considering to sign up for your business, be sure to check the security mode.

Thanks for reading……..

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Daniel Moayanda

Daniel Moayanda

Daniel Moayanda is a tech enthusiast who is interested in the evolving tech landscape and tech advancements such as the Internet of Things and Big Data. He is the Chief Marketing Strategist at Real SEO Growth, and the Founder of a rapidly growing business and motivational blog, Perfect Motivations, Inc.

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