Tax season comes around every year and, despite its inevitability, handling it all remains a challenge. If you’re a small business owner, filing business taxes can be intimidating. With dozens of numbered forms, complex accounting software, and confusing terminology, familiarizing yourself with the process can be overwhelming. On top of that, you must comply with strict, federally mandated deadlines to avoid late penalties. Tax time is stressful, to say the least.
We’re here to help you ease into the 2020 tax season. We created a streamlined guide to the 30 most important small business tax forms, terms, and dates you need to know to file accurately and efficiently. In this article we’ll translate even the most convoluted government tax talk into digestible information that will keep your business running smoothly all year long.
We recommend reading through the entire article, but you can also follow these links to skip to the sections that are most relevant to you.
Small business tax forms | Form 940 | Form 941/Schedule B | Form 1099 | Form W-2 | Form W-4 | Form 1040/Schedule C | Form 1065 | Form 1120 | Schedule SE | Form 8829 | Form SS-4 | Small business tax terms to get familiar with | Important tax dates for your calendar