Why small business owners need to stay on top of taxes all year long — and how to do it

Summary

CNBC Select asks Full Send Finance founder Roman Villard how small business owners should keep on top of their taxes all year.

Villard, a QuickBooks ProAdvisor and the founder of the Boulder, Colorado, firm, is the only expert in the piece. His main point is that taxes are “a constant effort, versus a once-per-year event when you’re filing your taxes.”

He tells owners to check their finances daily or weekly so the books stay reconciled. He describes how his firm works with clients inside QuickBooks Online for accurate guidance, better decisions and a stronger tax strategy. He also warns against aggressive tax tactics from social media, and says a professional keeps the strategy matched to each business’s situation and risk.

The article adds practical steps — separate accounts, monthly categorizing, quarterly estimated payments and saved records — and common mistakes to avoid. It is sponsored by Intuit QuickBooks.