Tax season can be a stressful time for many people. Small businesses routinely outsource their tax preparation, according to research, 71% of small companies employ accounting services, the most commonly outsourced accounting service, according to Go Remotely.

The good news is that there are ways to make tax season easier. Here are seven tips to help you prepare for tax season and make it less stressful.

1. Start Gathering Your Paperwork Early

The earlier you start, the less stressful it will be. Make sure to gather all of your tax documents, including W-forms, receipts, and bank statements. If you're self-employed or have a side hustle, make sure to track your expenses throughout the year. This will make filing your taxes much easier.

2. Use CPA firm Accountant

If you have a more complex tax situation, it might be helpful to use a CPA firm accountant. They can help you navigate the tax code and make sure you're taking advantage of all the deductions available to you. Keep in mind that using a CPA firm accountant will likely be more expensive than other options. But if you're not comfortable preparing your own taxes, it might be worth the extra cost.

3. File Your Taxes Electronically

Filing your taxes electronically is the fastest and easiest way to file. You can file online or use a tax preparer who offers electronic filing. Electronic filing is safe and secure, and it's also the most accurate way to file your taxes. Plus, you'll get your refund faster if you file electronically. If you're filing your taxes yourself, make sure to use a reputable tax software program. There are many programs available, and most of them are affordable.

4. Use Online Banking to Track Your Tax Deductions

If you're tracking your bank statements and expenses throughout the year, it will be much easier to file your taxes. You can use online banking to track your tax deductions. This will help you stay organized and ensure that you don't miss any deductions. It will also help ensure that your return is accurate. If you're not already tracking your bank statements, now is an excellent time to start. This will make tax season much easier.

5. Make a Budget

A budget is a great way to keep your finances organized. It will also help you during tax season. When creating your budget, be sure to include your taxes. This will help you plan how much you'll need to pay in taxes each year. It's also a good idea to save for taxes throughout the year. This will help reduce the stress of tax season.

6. Make a Backup of Your Data

One of the best ways to protect your data is to back it up. It is essential, especially during tax season. If you're using a tax preparer, provide them with a copy of your backup. This will ensure that information is accessible if something happens to your original files.

7. Get Familiar With the Tax Laws

The more you know about the tax laws, the easier it will be to file your taxes. Be sure to read up on the latest changes to the tax code. If you're using a tax preparer, ask them for advice on saving money on your taxes. They should be able to help you take advantage of any deductions or credits that you're eligible for.

There are many ways to make tax season easier. By following these tips, you can reduce the stress of filing your taxes.