Skip to main content

Digital Trends may earn a commission when you buy through links on our site. Why trust us?

Take the Stress Out of Managing Your Business Taxes with QuickBooks Online

This content was produced in partnership with Intuit.

Whether this is your first year filing taxes for your small business, or this has been a longstanding task, it’s not something you have to do alone — we’ll get to where you can find help in a bit. The entire process can be complex, intimidating, and time-consuming, especially if you’re handling all of the accounting and filing manually. What forms are you supposed to use? What documents and resources do you need to complete the filing? Are you eligible for any deductions? You see when filing personal taxes, there are a lot of different tools you can fall back on, like Intuit’s well-known Turbotax suite. But things are a little different when you’re filing as a business. There’s a lot more to think about, such as profits and losses, sales taxes, property taxes, excise taxes, employment taxes, and even self-employment taxes. Where do you start?

Don’t worry if you’re overwhelmed because Intuit has your back, and QuickBooks Online is precisely the tool, and support you need. For starters, you can begin reading about what’s required of you, and Intuit has an excellent library of business tax guides and resources you can use. If you don’t know where to start, or what you should even be doing, definitely give them a read. For now, we’re going to discuss QuickBooks, and QuickBooks Payroll, to explore how they can help with business taxes both during the actual filing process and throughout the year leading up to the next tax season. Listen up GenZ and Millennial entrepreneurs, this one’s for you because business tax management with QuickBooks is simple and stress-free.

QuickBooks Online: Setting You Up to Succeed

A business owner using QuickBooks Online on a laptop.

Waiting until the last minute to get your accounting and books in order is not the best approach. But when you’re faced with a seemingly insurmountable task, what’s the best way to get it done? Baby steps. You dive in and take it little by little, day by day until eventually, the task is well on its way or near complete. It’s the same idea here with business taxes. Rather than waiting until the end of the year and just before tax season to get everything in order, you can use QuickBooks’ excellent tools to keep everything organized and tracked throughout the year.

QuickBooks makes it easy to bring your books up to date, and keep them updated, categorize your transactions, reconcile outstanding or maintainable accounts, generate detailed expense and financial reports, and more. You can also handle receipt capture, snapping photos of receipts and expenses right from your phone and uploading them to the QuickBooks platform. That helps you stay aligned no matter where you are, across all of your devices, including mobile and desktop. Most entrepreneurs are always on the move so it makes a lot of sense to have a toolset you can access, update, and manage from anywhere. As you can see, business tax management with QuickBooks is pretty convenient.

You Deserve a Stress-Free Tax Time

A man using QuickBooks software on a laptop.

Again, waiting until the end of the year, and just before tax season, to start organizing your business finances and getting your books in order, is going to make for one extremely anxiety-induced experience. There’s really no need for it, especially when you can get access to tools like QuickBooks Online, or QuickBooks Payroll — which even helps you manage employee-related expenses and payouts. They sync together, making the entire financial process that much simpler. Yes, you can hire an accountant to do it all for you, but the chances are, most small businesses don’t have the budget to make that a reality, which means you’re stuck doing it all yourself. You deserve a stress-free tax time, and it’s much easier to go in with those books in order.

Here are just some of the business-related finance tasks that QuickBooks can help with:

  • Maximizing and applying tax deductions
  • Tracking mileage and fuel expenses
  • Managing cash flow
  • Sending product, service, or expense estimates
  • Managing 1099 contractors and freelancers
  • Paying business-related bills
  • Tracking time spent or inventory
  • Understanding project profitability
  • Invoicing, sending, and accepting payments
  • Tracking income, expenses, profits, and more
  • Finance app integrations with PayPal, Square, Shopify, and more

At any time, you can benefit from knowledgeable agents and tax experts, as well. If you have questions, need some help figuring things out, or just want someone to check your work, that’s all possible with QuickBooks Online. You may sit down at your desk, or in your work area by yourself, but you’re never alone when filing or trying to organize your business finances.

Get the Help You Need Now with QuickBooks Online

Now is the perfect time to sign up for QuickBooks Online if you haven’t already, for several reasons, the first of which is, its tax season. But also, new customers can save up to 50% by signing up now, while the current deal is active. Where normally you’d pay $30 per month for the Simple Start plan, you can lock in $15 per month for your first three months, saving you about $45 in total. Alternatively, the Plus plan — which offers a few more features — would be $85 per month, but is instead $42 per month for your first three months, saving you about $129. Don’t waste too much time deciding because taxes are due soon, if you haven’t already filed, and this deal won’t last forever. It’s one of the best decisions you can make for your small business finances.

Editors' Recommendations

Briley Kenney
Briley has been writing about consumer electronics and technology for over a decade. When he's not writing about deals for…
Graphic designer? You need this font management software
why you need connect fonts raphael schaller gkincd2eniy unsplash

A great font makes a huge difference when it comes to capturing people's attention, whether it's a potential customer or making an internal training exercise look more interesting. With countless numbers of fonts out there, we know how tough it is to keep them organized and well managed. That's why we're big fans of Connect Fonts. Considered to be the next evolutionary step from Suitcase Fusion -- an industrial-strength font management app -- Connect Fonts is both a desktop-based and cloud-based font manager that offers a wealth of options to help you keep on top of your growing font collection. If you're an avid user of graphic design software or even the best free drawing software, Connect Fonts is going to make your life so much easier.
Start Free Trial
OK, so Font management software might not sound interesting but, secretly, you're going to be thrilled at what this offers you. In no time, you'll be telling everyone in your industry how useful Connect Fonts is because it's that good. It's really easy to use with both the desktop and cloud-based applications being a breeze to work your way through. And when we say work, well, not really. Instead, it's simple to find the font you may want and will actually help you feel more inspired.

An intuitive search feature makes sure of that. With extensive granular search options, you can use abstract search terms like adjectives or genres. That way, you can find things in a more natural way than having to think like a computer would. It also has customizable tags so it's much easier to find what you're looking for in a way that makes sense to you. For instance, do you want to assign some particular fonts to a project you're working on? Add a tag marking them for that project. The same goes if you want to keep aside certain fonts for particular clients, making it very simple to find what you're looking for at a later date. Connect Fonts even offers up a very cool font pairing suggestion tool so you can instantly see which fonts complement each other well.

Read more
5 reasons your business needs to switch to the Zoho CRM software
The Zoho logo on a white background.

One of the best CRM software tools around, Zoho, CRM is consistently a leader in the customer relationship management space and an essential addition for any business looking to improve their practices.

Zoho CRM offers all you could need from a good CRM suite, from live customer chat, a chatbot, easy sales and marketing pipeline management, and advanced customer analytics. Even better, right now, if you sign up via the link below, you gain $100 Wallet Credits for your account.
Sign Up Now
To help you understand even more about why your business needs to switch to Zoho CRM, we've picked out five key reasons it's worth your time. Read on while we guide you through them.

Read more
How to clean up your keywords and refresh your SEO strategy
how to clean up your keywords and refresh seo strategy semrush logo feature image large

Spring cleaning isn't just about tidying up your living space -- it's also the ideal time of year to clean up your business's keywords online and ensure that your SEO strategy is up to date and ready to attract more attention as we head into the second half of the year. The best way to do this is to use Semrush. The online marketing platform brings together over 50 tools to empower users to grow their online presence across key marketing channels. Tested by 7 million professionals across different fields, it's the ultimate way to ensure your online marketing is pitch perfect. Whether you're looking to grow your small-business needs or you're a freelance marketer keen to boost your success rate, Semrush has it all, easily beating competition like Alexa Rank.
Start Free Trial
The idea behind Semrush is that it's your one-stop shop for improving marketing with tools for every form of marketing. 30% of Fortune 500 companies consider the marketing tool as their go-to place for improving their online reach. The platform has the largest keyboard database on the market thanks to its remarkable 20 billion keyword supply. It isn't just about quantity, either, thanks to being the most accurate position-tracking tool on the market. Every Semrush user has access to the daily position tracking updates, no matter what subscription plan they are signed up to.

In addition, Semrush users also get a built-in content marketing platform that covers every step of the content creation flow. An extensive dashboard, it offers a quick site audit tool that suggests what you can do to improve performance, while uncovering millions of relevant national and local keywords, as well as analyzing your domain's backlink profile. When writing content, it also helps you find topics that will appeal to your audience, before suggesting tips that can help you create SEO-friendly content that still reads naturally.

Read more