Each month, we’re sharing and promoting free or affordable online tools that help small business owners run their businesses better. This is your toolbox for five affordable tax resources.

Each month, we’re sharing and promoting free or affordable online tools that help small business owners run their businesses better. This is your toolbox for five affordable tax resources.

Whether you file your small business’ taxes yourself or pay a professional, preparing for tax season is not fun. There are a lot of potential mistakes you can make and deductions you can miss. We’ve compiled this list of tools and resources that will help tax preparation easier and less confusing.   

 

How much it costs: Free

What it does: While it may seem obvious, the Internal Revenue Service is the most accurate resource for information regarding taxes. This portal for entrepreneurs is chock-full of helpful links to ease your concerns and questions. From a free tax calculator to a term dictionary, this web page can help you properly and easily prepare your small business taxes. Also, check out the small business tax workshop the IRS created for a comprehensive, but quick, guide to your business taxes.

 

How much it costs: Free

What it does: Every business is unique, and the more diverse your small business is the more complicated your taxes will be. Business USA created an easy-to-use tool that takes information about your small business and shows you a tailored list of tools and information that pertain to your business’ individual needs. If your business has employed veterans or disabled people, invested in charities or green energy, own property or vehicles for business use, provide benefits to your employees, or several other unique situations, this resource can help you navigate the tax complexities of your small business.

 

How much it costs: Free

What it does: This short but sweet resource is an easy-to-read list of all the paperwork and information you will need to efficiently file your small business’ taxes. This checklist is especially handy if you have been procrastinating and don’t know what you need. Whether you are filing taxes yourself or hiring a tax professional, this checklist will help make gathering everything you need easier.

 

How much it costs: Free

What it does: One of the most complicated aspects of business tax is how to handle your employees’ payroll. These five important tips will help you stay on top of accurately classifying and handling payroll taxes so you don’t get slapped with fines and penalties from the IRS.

 

How much it costs: Free

What it does: Running a small business takes a lot of time and energy. Spending a little money to hire a tax professional handle your small business’ taxes might be worth the time and money saved from doing it yourself. Use this resource for finding a legitimate tax preparer. If you are doing your business taxes yourself, or just want to be better informed, this site also has great webinars, workshops, and information about different areas of tax law and preparation.

 

We’re always looking for the best affordable online resources including tools to promote to small business owners like you. If you have a tool you’d like to share with fellow business owners, contact us at sblending@opportunityfund.org.

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.


Opportunity Fund is California’s largest and fastest-growing nonprofit lender to small businesses. In FY16, we made $60M in loans to help more than 2,200 small business owners invest in their businesses.  Opportunity Fund invests in small business owners who do not have access to traditional financing. As a founding member and signatory to the Borrower’s Bill of Rights, we believe in the important role small businesses play in our community and the economy, and we aim to help owners financially succeed.

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