KPMG Spark Blog


Tax Deadlines for Small and Medium Businesses

What You Need to Know About Form 1099-G When Filing 2021 Taxes

Five Tips for Filing 2021 Taxes as a Small-Medium Business

The Risks of Completing Your Own Small-Medium Business Taxes

Let’s explore why failing to understand the intricacies of tax law and liability can be costly for small business owners.

Managing your own small business tax preparation can prove to be daunting at best and quite expensive at worst. Complying with federal, state, and local tax laws, taking advantage of deductions, and utilizing credits accurately requires a thorough understanding of tax law. Taking advantage of a tax preparation service to ensure your business conforms to the law and is represented in a timely and accurate fashion by trained tax preparers could save you more than just a headache. It could save you a substantial amount of money as well.

It’s the law

Your local, state, and federal tax laws aren’t negotiable. Understanding tax intricacies could save you costly mistakes and prevent the burden of penalties. There’s nothing more ominous as a small business owner than finding yourself on the receiving end of an unexpected audit. Avoid feeling alone during tax preparation by securing the help of a small business tax preparation service.

Benefits and deductions matter

Pay what you owe and not a penny more by enlisting the assistance of tax preparers well versed in deductions and credits. Do you know the difference between the two? Small business tax preparation services do and they will skillfully apply that knowledge to not only make sure your taxable income is accurately calculated, but that any applicable credits are applied as well. Make sure that Uncle Sam doesn't get more than his due by enlisting tax preparation services.

Time better spent

Your peace of mind and financial security depend on the accurate maintenance of your finances, but are you managing them with precision?  As a small business owner, you already know that the bottom line is a top priority, but energy spent on your company’s overall growth rather than bookkeeping might be time better spent.  Consider tax prep from a service designed with your small business’ successful tax preparation in mind.  You may free up a substantial amount of time, and not just during tax season, to focus on your company’s short and long-term goals.

Next Steps

The tax preparers at KPMG Spark provide managed, online bookkeeping with real-time support and not just at tax season. You’ll have year round support, data, and guidance from accountants dedicated to your small business’ success. 

In addition to providing tax preparation that ensures your returns are compliant, filed accurately, and on time, KPMG Spark tax preparation services may also help you make the most of your financial data. Once more, you might actually have the time and energy to devote to your company’s goals and growth projections armed with precisely prepared and targeted data.

From compliance issues to missed deductions and credits, you don’t have to tackle your tax preparation on your own. KPMG Spark can provide the bookkeepers and resources to support your business during tax prep and throughout the year. Contact KPMG Spark today and visit with an accounting specialist dedicated to your small to medium sized business success and tax preparation.



The views and opinions expressed herein are those of the author and do not necessarily represent the views and opinions of KPMG LLP.

This blog article is not intended to address or provide advice concerning the specific circumstances of any particular individual or entity and does not constitute an endorsement of any entity or its products or services.

Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.

The following information is not intended to be “written advice concerning one or more Federal tax matters” subject to the requirements of section 10.37(a)(2) of Treasury Department Circular 230. The information contained herein is of a general nature and based on authorities that are subject to change. Applicability of the information to specific situations should be determined through consultation with your tax adviser.

KPMG LLP does not provide legal services.

KPMG SparkMarch 4, 2022Posted In: Tax Tips

Download our Free Small to Medium-Sized Business Growth Guide


Tax Deadlines for Small and Medium Businesses

What You Need to Know About Form 1099-G When Filing 2021 Taxes

Five Tips for Filing 2021 Taxes as a Small-Medium Business


This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

KPMG Spark is an online accounting service that saves you time so you can focus on what’s most important for your business.

Sign Up

Should Your Small Business Be Filing 1099-NEC Forms?

Let’s explore Form 1099-NEC – who is required to file it, who should be furnished it, and its importance in meeting your annual tax return requirements.

KPMG SparkMay 24, 2022Posted In: Tax Tips

Using a 1099-MISC Form for 2021 Taxes

Find out more about the 1099-MISC form including who submits it, who needs it, and how it relates to filing your 2021 taxes as a small business owner.

KPMG SparkMay 17, 2022Posted In: Tax Tips

Get To Know a KPMG Spark Bookkeeper, Austin!

Join us today to meet Austin, a bookkeeper at KPMG Spark. At KPMG Spark, our automated bookkeeping software is backed up by a team of real bookkeepers. They work behind the scenes handling all your day-to-day bookkeeping tasks. Clients can contact them with any questions they may have. Today we are getting to know Austin, one of our bookkeepers at KPMG Spark.

Alexandra OjalvoMay 10, 2022Posted In: Business Tips

Reduce Costs and Risks with Managed Accounting

How guidance from user-friendly software, state-of-the-art AI technology, and accounting specialists can be a gamechanger for small to medium business owners.

KPMG SparkMay 3, 2022Posted In: Business Tips

The Electronic Federal Tax Payment System or EFTPS®: Paying Your Taxes Online for Free

Find out more about the free EFTPS® service provided by the U.S. Department of Treasury, including how to use it and which updates may benefit you the most.

KPMG SparkApril 26, 2022Posted In: Tax Tips

Top Three Accounting Strategies You Can Implement to Position Your Business for Success

Check out these quick wins business leaders can begin practicing to experience noticeable accounting gains, from saving time to improving the bottom line.

KPMG SparkApril 14, 2022Posted In: Business Tips

Form 1099-R: Passive Income Distributions

Find out more about Form 1099-R and how it‘s used to report distributions from your sources of passive income.

KPMG SparkMarch 31, 2022Posted In: Tax Tips

Tax Changes for 2021

New tax updates are here for 2021 tax filings. Let’s take a look at what’s changed for 2021 and find out how it affects you.

KPMG SparkMarch 28, 2022Posted In: Tax Tips

Form 1099-K: Reporting of Web-Based and App-Based Transactions Will Increase Substantially in 2022

Check out one of the biggest changes impacting the gig economy beginning January 2022 – changes to the requirements for the 1099-K Form. Learn how the new rules may affect your tax return.

KPMG SparkMarch 15, 2022Posted In: Tax Tips