Like it or not, it's time to do your year-end bookkeeping and file your taxes. You have a few options: You can hide yourself in a fort made of empty coffee mugs and paperwork and try to ignore taxes until they go away. Or, you can use this simple, step-by-step guide to year-end and tax-prep to make the entire process pain free!
You don't need to know anything about accounting. Just start with Step 1 and follow the trail until you're done.
There's no time like the present, so jump on in and get started. Or you can cover your ears with your hands while singing, "Lalala, I can't heaaar you." Entirely up to you.
In Step 1 you will gather up your year’s worth of financial information in the easiest way possible, and move it into your accounting application. (Obviously, we recommend you use a free Wave account, but the instructions will also work for other applications.) Let's get started!
Once you've put all of your data into Wave, you can categorize things properly, and deal with any sales taxes. Bring it on!
And finally, instructions on how to get your taxes filed. Since you're already organized by this point, the pain and/or expense of filing should be minimal. And since being organized lets you maximize your legal tax deductions, the end result will be as pleasant as possible, too. Push on toward the end!
Some useful links on tax preparation and fiscal year-end reporting for small businesses.
Need more help?
If you want more assistance, or if you prefer to let someone else do the work, we can put you in touch with accountants and bookkeepers from the Wave Pro Network. Find a Wave Pro.
Are you still using a shoebox for your accounting? Or a clunky, expensive accounting application? Make your next tax year as pain-free as possible: Sign up for free online accounting for small businesses from Wave.
Have a browse through our FAQs, or feel free to contact us at support@waveaccounting.com.
