Overview
By working through your bookkeeping records on a monthly basis, we're able to provide a seamless tax process for you during tax season. On a high level, here is what you can expect during the annual tax season with Heard:
Year-End Bookkeeping: To prepare your 2025 books for annual taxes, we'll ask you to upload relevant year-end documents so we can finalize your books as the first step to tax filing. This ensures that your Profit and Loss Statement more accurately reflects your true income and expenses for your annual taxes.
Bookkeeper Review: Your bookkeeping team will review your books and let you know if we need anything else from you to complete your end-of-year accounting. Once they've completed their review, you will receive a notification that you are ready to proceed with submitting your filings to your tax preparer.
Tax Questionnaire: In this checklist, we'll collect any information needed in order to begin drafting your tax return. Update any important changes for 2025 and review your income and expenses.
- Upload any forms and information:
- Spouse and dependent Information
- Tax Forms
- Submit information to claim deductions such as:
- Home Office Deduction (including phone and internet)
- Healthcare Expenses
- Mileage Expenses
Tax Preparation: Once you submit your tax checklist, we’ll email you to connect you with your Tax Preparer, who will review your information promptly. Please be available for the next 7 business days to ensure we complete your return on time.
Review and e-file: Your tax preparer will complete and review your tax return. If everything looks good, they will ask for your signature in order to e-file it. If your return results in a balance due, your Tax Preparer will inform you of the amount owed, discuss payment plan options, and guide you on how to pay. If you are due a refund, your preparer will inform you and explain how you will receive it.
Why can’t I connect with my tax preparer yet?
The message portal with your Tax Preparer will become available in the Tax Preparation step in the Annual Tax Center. This ensures you have uploaded tax forms and completed the checklist needed for tax filing. You will have an opportunity to ask questions and review and approve a draft of your tax returns.
What happens if I miss a deadline?
Throughout your Annual Tax experience, each important task has an associated deadline you’ll need to meet to ensure on-time, accurate filing with Heard. Missing a deadline may delay your tax filing, require an extension request, and subject you to penalties if you miss IRS or state payment deadlines.