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Technology and Taxes: 3 Tips Any San Diego Tax Lawyer Would Agree With

Submitted by admin on Thu, 1/22/2015 - 7:12 am

This tax season, there are a few important tips that any San Diego tax lawyer would likely agree with. Tax attorneys have an expansive understanding of tax law, and can give out useful tips when it’s time to do your taxes. These days, technology can make doing your taxes and keeping your records easier than ever. If you’re still doing your taxes the old fashion way and keeping a shoebox full of receipts under your bed, it may be time for an update. Consider these options this tax season:

8 Tips to Make Tax Season Easier for Business Owners

Use Online Banking

The use of online banking is always beneficial during tax season. Online banking allows you to keep records of everything you do, and you don’t have to have an old shoebox full of receipts in order to do it. Most banks offer online banking, and you can download and keep records of all your transactions right on your computer. This way, when tax season comes around you will have a vast amount of documentation to turn to.

Automate Accounting

If you’re not using accounting software, you’re living in the dark ages. There are literally hundreds of software options to choose from, some of them you can buy in-store and many are simply available online. Accounting software allows you to keep track of your business or your personal finances efficiently and accurately. Not only that, if you use an accountant, you can give them access to your software and they can watch the books in real-time. If your business gets complicated and you owe the IRS money, having records of everything automated will make it easier. When seeking tax resolutions services in San Diego, they’ll likely ask you what bookkeeping method is used.

Back Everything Up

If you’ve made the switch to computer based financial programming, online banking, tax software, etc., then it’s essential that you back all of your information up, preferably on an external hard drive or any off-site location, such as in the cloud. Business, financial and tax information is precious, and the IRS will not be forgiving of missing files. It’s important to back up as often as you can, not simply once or twice a year. Backing up all of your information will ensure a smooth tax season.

If you’re seeking a tax lawyer in San Diego to help you with the IRS, having all of your information properly and electronically stored will help streamline the entire process.

(Source: 8 Tips to Make Tax Season Easier for Business Owners http://www.forbes.com/sites/sage/2014/04/10/8-tips-to-make-tax-season-easier-for-small-business-owners/ April 2014)