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The Best Online Accounting Software for Small Businesses

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Wave is owned by the tax preparation company H&R Block and offers online financial software designed with entrepreneurs in mind. Without a solid bookkeeping background or experience, there is always a chance you will misuse the software. Tax consulting is also available throughout the year in most plans.

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What Happens if a Business Doesn’t File Taxes?

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Number of Years Accrued Interest 1 6% 2 12% 3 18% 4 24% 5 30% Filing and paying your taxes within the deadlines can help you avoid costly penalties from the IRS. If you have fallen behind on filing or paying your taxes, consult with a tax professional.

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