Business Forms: Order the Right Small Business Forms & Software

Find Out Which Business Forms & Small Business Software You Need For Daily Activities

Make sure you have the right small business forms for daily records and tax season filing. Whether you’re just starting out or looking to grow your business, maintaining proper documentation is key to your success in the small business market. From human resource forms to small business software, you’ll find the right forms for your business.

1. Small Business Forms

If you have a great idea for a new restaurant or you’re looking to start a retail shop, you’ll need to have the right forms from the U.S. Small Business Administration (SBA). Depending on your industry and location, different start-up forms are required. Consider finding a mentor within your community who can help walk you through the process and make sure you have the right business forms. Take advantage of your mentor’s expertise when it comes to applying for financing and taxes, then speak to a lender and tax expert. The SBA also has small business forms for growing and managing your business or for incorporating, selling or creating a franchise.

2. Human Resource Forms

When you’re just starting out, you may want to stick with standardized human resource (HR) forms. As you become more experienced, you can create custom job applications and separation reports for your company, but ordering HR forms in bulk may be a good way to cut costs. Look for:

- I-9 forms that verify your employees are allowed to work in the United States

- Affirmative Action forms to ensure you’re complying with federal reporting

- Occupational Safety and Health Administration (OSHA) forms to accurately record employee illnesses or injuries

3. Legal Forms for Business

Start-ups often need to complete legal forms for their business. Whether it means drawing up a partnership agreement, creating a non-disclosure or non-compete for employees, or drawing up contracts to work with individuals outside your company, you’ll want to make sure you have the correct legal forms. It’s probably wise to have a lawyer review or help create documentation for copyrights, franchise rights and more. Your attorney can also help you draw up more than legal forms for business, which may include a draft of your will to ensure your business and its assets are handled properly in the event of your passing.

4. Small Business Software

Small business software is designed to make daily business management simple. From managing your time clock to transitioning to paperless records, small business software is an important asset. Consider using these tools:

- QuickBooks software to help you with your taxes

- Payroll software to create checks and manage finances

- Form tool software to customize small business forms efficiently

5. Tax Forms

Get ready for tax time by gathering up everything you’ll need to complete your filing. Keep stock of income tax forms including W-2 forms for new employees and 1099 forms for clear and thorough miscellaneous income reporting. Whether you choose an income tax software solution or tax kits compatible with laser printers, both systems can help you effortlessly prepare tax reports. And depending on the number of employees you have, small business software may be the right fit for you.

Explore Other Small Business Forms

To find out more about the various business forms you need, speak with other small business owners in your community. They can tell you what the start-up process was like for them and which business forms they needed most. You may need shipping and receiving forms, sales and ordering forms or receipt books, but it’s best to first speak with a lawyer and a tax professional. They can help guide you to the right to HR forms, legal forms for business and tax forms. The SBA is another great resource for small business owners looking to start, expand or sell their businesses. You may ask them to help you identify the forms you’ll need for your business.

Tax Software: Find Tax & Finance Software

Tax Software 101

During tax season it is essential to choose the best accounting software to complete your taxes and maintain accurate financial records. Tax software continues to grow in popularity as users discover how simple it is to complete taxes with these programs. Finance software is also inexpensive when compared to hiring a professional to complete your taxes. To help you choose the best income tax software for your needs, below highlights some of the common features you can find in accounting software programs.

TurboTax Software

TurboTax software is designed to help users complete their taxes by guiding them through a step-by-step process. Several versions of TurboTax software are available, including the Deluxe, Premium, Home and Business editions. Depending on your income, you may even qualify for a free version of TurboTax accounting software. TurboTax software is available for state and federal taxes, and any filer using the basic edition or higher can file federal tax return forms online for free. TurboTax software also offers an opportunity to purchase tax audit defense through TaxResources, Inc. Plus, each version of TurboTax software offers free, live tax advice.

H&R Block Tax Software

H&R Block tax software versions include Basic, Deluxe, Premium and Business. Each version of this finance software guides you through all steps of tax preparation to help you get the maximum refund possible. Other features of H&R Block tax software include free filing, accuracy review to double-check for errors and an audit risk meter to reduce the chance of being audited.

The Deluxe version of finance software is recommended for homeowners and investors, while the Premium edition is accounting software created for self-employed individuals and rental property owners. Small business owners may want to choose the Premium & Business edition of this finance software. This version includes business expenses, non-profit returns and paperwork for corporations, S corporations, partnerships and LLCs.

Order finance software for tax and accounting assistance

Find the accounting software brands you trust at one of the many office supply retailers out there. Retailers carry a wide selection of income tax software that allows you to choose a program best tailored for your needs. Shop now to find what you need, whether you’re an individual new to filing taxes with a finance software program or a seasoned business owner looking for a more efficient tax software program. Retailers also often offer a variety of income tax forms needed to personally file all your taxes. Whatever your preferred method ensure you have all you need during tax season.

Tax Forms: Find Out What Tax Return Forms You Need

Must-Have Tax Forms for Families

Determine the paperwork needed to complete your family’s federal tax forms

Filing taxes can be confusing, especially since the IRS has more than 1,000 tax forms that can be used to report various deductions and income. For most families, you’ll only need to use a few of these tax return forms. Consult our list of below to understand which income tax forms your family needs to file this year.

The 1040 Family of Tax Return Forms

Families use the same forms as individuals to complete their tax return forms. A married couple can choose to file jointly or separately. Children, called dependents on tax forms, can only be claimed on one form. The IRS and tax experts agree in most cases, having a married couple file jointly results in more tax benefits than filing separate federal tax forms. Whether you are filing jointly or separately, you’ll start with one of the following forms:

1040EZ

1040EZ tax forms are for individuals who have no dependents, are younger than 65, make less than $100,000 and have no plan to claim any itemized deductions.

1040A

Tax return forms are best suited for individuals or married couples who earn less than $100,000 and don’t have any self-employment income. 1040A tax forms allow you to make adjustments to taxable income for student loan interest and child tax credits, but they won’t allow you to itemize deductions.

1040

1040 tax forms are used by individuals or married couples who make more than $100,000 or have self-employment income. These federal tax forms are also used if you plan to itemize deductions.

Income Tax Forms

Be sure to collect the various documents that report your income, then attach them to your income tax forms. These include income from an employer, payment from a business and interest earned on various accounts. The most common documents attached to income tax forms include:

W2s

Your employer will provide you with a copy of your W2s that reflect your wages and taxes paid. Attach these to your tax return forms.

1098

These tax forms report any interest paid on a mortgage or student loan, as well as college tuition paid in the past year.

1099 Series

These income tax forms reflect any income that wasn’t paid as salary, wages or tips. For example, you’ll receive a 1099 form if you worked as an independent contractor or freelancer earning more than $600. 1099 forms also report income earned from interest on investments.

Once you have an understanding of the basic tax forms used to file your family’s taxes, you’re one step closer to successfully filing your taxes. There are also a variety of accounting and financial software programs available to help you file taxes. Having a foundation of these basic federal tax forms will help you through the process.

Income Tax Forms: Learn About W-2 Forms and 1099 Forms & More

Tax Forms 101: Which Income Tax Forms Do You Need?

Understand the difference between W-2 forms and 1099 forms before filing your taxes

If you live or work in America, you probably know that tax day is April 15—the day all your federal tax forms are due. Before you can file your federal tax return, you’ll need to make sure you have the correct income tax forms on hand. The most common basic income tax forms most people need are W-2 forms and 1099 forms.

W-2 Forms and 1099 Forms

W-2 form

If you receive a net paycheck from your employer with tax withholdings already taken out, use W-2 forms to complete your taxes. Employers are required to mail W-2 forms to employees by January 31. If you’ve had more than one job in the past year, you’ll need to collect W-2 forms from each employer. If you’re an independent contractor, you’ll need to use 1099 forms. Three copies of 1099 forms need to be filled out by the employer or payer: one for themselves, one for the payee and one for the IRS. Employers need to submit 1099 forms to the IRS by the end of February. Just like W-2 forms, copies of 1099 forms must be sent to payees, or contractors, by the end of January. If your income totals less than $600, however, you do not need to file 1099 forms.

1099 forms are also used to record other income sources. These might include tips, scholarships or dividends. Typically 1099 forms are used to record income that has not yet been taxed.

W-2 forms and 1099 forms are submitted with your federal tax return form. You’ll still need to fill out all the paperwork on the individual forms. Simply attach the W-2 forms and 1099 forms with your tax return.

1040 forms

Most people need a 1040 form to file federal taxes. The most common types of 1040 forms are the 1040EZ and 1040 short forms.

1040EZ form

For most Americans, the 1040EZ is the simplest form for federal tax filing. Some key factors that need to be true in order to qualify to use this tax form include:

- You and your spouse are under 65

- Your total income is less than $100,000

- Your interest income is less than $1,500

- Your income is solely from wages, interest, unemployment compensation and Alaska Permanent Fund dividends

- You are single or married filing jointly

1040A (short form)

The 1040A, also called the 1040 short form is another commonly used tax form. Unlike the 1040EZ, this form allows you to claim adjustments to income. Some key factors that need to be true in order to qualify to use this tax form include:

- Your total income is under $100,000

- You have income from wages, interest, dividends, capital gain distributions, IRA or pension distributions, unemployment compensation or Social Security benefits

Some of the income adjustments this 1040 tax form allows you to claim are:

- Penalty for early withdrawal of savings

- IRA contributions

- Student loan interest

- Jury duty pay given to your employer

Buy the tax forms you need

Keep in mind that this is just an overview of the basic tax forms most commonly used by Americans. You may also need to file additional tax forms for things like large gifts or interest from foreign bank accounts. When you’re ready to file, visit the IRS website and simply print the forms you need.