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The Truth About Tax Prep Software and Your Business

May 7, 2019 10:45:00 AM / by CSI Accounting Staff posted in small business taxes, small business bookkeeping, small business accounting

Every year, as business owners enter into the final stretch of tax season, tons of people and small businesses scramble to make sense of their financial statements, figuring out their own deductions, and struggling with some “free” tax prep software. Maybe you have just gone through that this year. 

To this, we beg the question: Why do you do this to yourself?

We’re not here to put any shame on your game, but at the same time, you have to know that using free tax prep software is anything but free.

First of all, there are all kinds of hidden fees associated with using one of those “free” tax prep websites. Oftentimes these fees won’t show up until you are ready to file State and Federal taxes. By then, they’re banking on the fact that you’re too tired and have spent too much time to argue with their servicing fees. It’s not always an affordable amount either, especially if you’re a freelancer or a small business owner.

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A tax software probably isn't finding all of your deductions.

Tax software can be helpful and save some time, especially if there isn’t a lot of moving parts to your finances, but this "free" software can end up costing you a ton of money in missed deductions if you have a lot to keep track of.

Stop giving away your time and money. Why get hung up late at night trying to figure out if you’ve filled out your online forms correctly? It sounds like a hassle. 

There's no risk in talking to an expert to find out if monthly accounting services could actually be saving you money in the long run.

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CSI Accounting Staff

Written by CSI Accounting Staff

Client Development Manager

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