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Tech Solutions for Taxes

Guest Blogger Nancy Sikora, CPA

The best thing you can do to help with your taxes is to be financially organized. There are many free organizational programs, but the one that I am most familiar with is Quicken for individuals or QuickBooks for Small businesses, both of which are offered by Intuit. Intuit has been around since the 80's and their tax and financial programs are widely used. Their programs are the industry standard.

Quicken and QuickBooks come as free versions called “Mint” and “QuickBooks Simple Start Free Edition 2010,” respectively. Both of these software products work by tracking your financial information (through your checking account), organizing it and totaling it automatically. You can either enter the data manually or download them, depending on whether your financial institution allows it. When tax time rolls around preparing your taxes is as simple as finding the totals in the program or sending a copy of the backup file to your accountant. These programs help you to monitor your income and your spending, which can help you keep a budget and monitor cash flow, saving money. By the time you exceed the capacity of the free versions, you’ll probably be able to pay for the full version.

The next best technological place for taxes is your CPA’s website, on which many CPAs will post relevant developments in tax law for their clients’ convenience. For example, I have posted current information about new tax incentives for small businesses and relevant changes to 2010-2011 tax law at my website.

Nancy L. Sikora, CPA PC
440 E Broadway Suite 300
Eugene OR 97401
Work: (541) 687-3911

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