Tech, Tools, and Resources for Business Owners

Entrepreneurs play a crucial role in driving economic growth and fostering job opportunities in our nation. According to the U.S. Small Business Administration (SBA), small businesses make up an astounding 99.9% of employer firms. However, new business owners often face challenges in establishing their financial foundation during the early stages of their ventures. The good news is that various government offices, nonprofits, and business incubators across the United States offer valuable resources, including professional training programs, accounting guides, and potential seed funding opportunities, specifically tailored to support small business owners like you.

 

At Tyson Accounting, we are committed to empowering small business owners like you with the tools and knowledge needed to thrive in the competitive business landscape. Explore the resources we have compiled, take advantage of the guidance offered, and leverage the support available from organizations invested in your success. Together, we can pave the way for your business growth and financial prosperity.

Government Resources

IRS

 

  • Small Business and Self-Employment Tax Center: A centralized directory of business forms and resource documents like EIN applications, excise tax forms, tax provision paperwork and Spanish-language information.
     
  • IRS Video Portal: New business owners who prefer to learn with visual material can get a grasp on the basics through this extensive virtual workshop and video library. Video topics cover expenses, retirement funds, disaster information and IRS liens.
     

  • State Taxation Websites: A directory of taxation and small business resources published by state governments.

 

 

 

U.S. SMALL BUSINESS ADMINISTRATION

 

  • Filing and Paying Taxes: General articles that can help individuals and organizations determine whether activity is for a business or hobby, obtain tax ID numbers and understand tax responsibilities for federal and state filings. Consider adding this to your accounting bookmarks as a reliable reference for federal employment law and regulations.
     

  • Manage Your Finances: An overview of how new business owners become acquainted with accounting basics, including bookkeeping, general ledgers, balance sheets and cash flow statements.
     

  • Find your SBA State Office: Local district offices provide businesses with several complementary services, including advising, loan program information, development consulting and support for businesses run by women and minorities. These offices are excellent for business owners who are looking for in-person, community-based assistance.

Software and Apps

Below is a list of essential tools we utilize with our clients:

QUICKBOOKS ONLINE


Also known as QBO, this is the best cloud accounting software for business owners. It’s easy to get started and import your data from a spreadsheet. It links to your bank account. It even integrates with other tech to further streamline your financial processes. This is the only accounting software we use when working with our clients because we believe it’s the BEST!

Pro tip: If you sign up for an account yourself, choose the Simple Start or Essentials plan (NOT the Self-Employed plan) so you get access to all the right features!

 

PROCONNECT

 

ProConnect is a powerful, browser-based tax tool that will streamline and automate the tax workflow. It includes Intuit Link, a user-friendly and secure platform that we provide to our clients. It serves as a seamless bridge of communication between our CPA firm and our valued clients. Through Intuit Link, clients can securely share their financial documents, statements, and relevant information with us, ensuring a smooth and efficient collaboration process. This platform streamlines the exchange of essential data, making it easier for us to provide accurate and timely tax accounting services.

 

DEXT PREPARE

 

Dext Prepare helps small businesses work with accountants and bookkeepers to keep accurate financial records. Use your mobile phone to scan your bills and invoices on the go. 

Here are some additional tools that can streamline your business, saving you time and money:

EGNYTE (File Storage)

 

Egnyte’s all-in-one platform makes it simple and easy for IT to manage and control a full spectrum of content risks – from accidental data deletion, to data exfiltration, to privacy compliance and much more – all while giving business users the tools they need to work faster and smarter, from any cloud, any device, anywhere.

 

TEAMWORK (Project Management)

 

A world-leading project management platform designed for organizations to freely plan, track, manage, and deliver various complex projects.

 

LOOM (Screen Recording)

 

Provides video communication software for work. Loom’s technology includes screen and camera recording, video editing, transcription, and the ability to share the recorded video link with others. This works wonders when creating SOP's or training your team.