Only a few SMBs take advantage of the various tax breaks available. There are many opportunities to get money back from the government if you know where to find them. However, many SMB owners neglect or avoid these tax breaks, viewing them as too complex.
Far too many accountants and bookkeepers are unaware of the tax breaks available to their SMB clients. But now, QuickBooks aims to simplify the process whereby SMBs can take advantage of available tax breaks and provide opportunities for their accountants and bookkeepers to help them claim these tax credits.
Intuit QuickBooks recently entered into a new partnership with MainStreet, an ecosystem of entrepreneurs working to promote a robust financial community. MainStreet believes they can assist in fundamentally reshaping America’s economic landscape. Their goal is to help every small business save with tax credits.
The IRS tax code is more than seventy-seven thousand pages in length. Nobody can possibly know and understand it all. Yet MainStreet’s AI-enhanced system will soon be able to help SMBs identify the best tax credits-based savings possible based directly upon your QuickBooks data.
MainStreet’s tax experts, with decades of experience, coupled with their cutting-edge AI-technology, can potentially save any SMB with legitimate tax credits. None of the thousands of companies MainStreet has assisted in the past has ever been audited.
To counter the billions of dollars in tax credits going unclaimed by business owners due to a lack of awareness, as well as a lack of knowledge in ‘how to claim’ these credits, the QuickBooks – MainStreet partnership will make the process as seamless and painless as possible so that SMBs can claim an average of $12,000 in available tax credits. And in some cases, even more.
Soon, QuickBooks will begin notifying customers of ‘tax credit’ eligibility. Accountants and bookkeepers supporting QuickBooks can partner with MainStreet to provide information to their QuickBooks clients and remain informed during the tax credit claims process. MainStreet services come with a $1-million audit-protection guarantee to provide added peace of mind when claiming business tax credits.
So remain vigilant and stay on the lookout for more information about how you can save.
Disclosures
Feature content was adapted in part from Intuit media source content. Any or all adapted content published by Insightful Accountant from Intuit media source content is furnished for educational purposes only.
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