Nine Reasons You Should NOT Do Your Own Business Taxes (Unless You Love Pain)

Running a business is hard. 

Doing your own taxes? That’s just self-inflicted suffering. 

Sure, you could DIY your taxes, but you could also perform your own root canal, and we wouldn't recommend that either.  

If you're still considering winging it, here are 9 ways it could go terribly, expensively wrong:  

1. The 'Oops, I Deducted My Dog' Moment  
Your dog does provide emotional support while you drown in spreadsheets, but no, that does not make Fido a business expense.  

2. The IRS 'Surprise Party' You Never Wanted  
Filing your taxes wrong is basically sending the IRS a handwritten invitation to an audit. Except instead of cake, they bring penalties.  

3. TurboTax Gave You a False Sense of Confidence  

Just because tax software gives you a happy green checkmark doesn’t mean you did it right. That’s like WebMD saying you’re fine when your leg is falling off.  

4. The 'I’ll Do It Later' Procrastination Spiral  

First, you push it to the weekend. Then next weekend. Then suddenly it’s April 14th, and you’re chugging coffee while praying for divine intervention.  

5. The Deduction Guessing Game  

Home office deduction? Mileage? Business meals? You either miss deductions and overpay, or you get too creative and land on the IRS's ‘watch list.’  

6. The 'Math Ain’t Mathing' Panic Attack  
You were told you owed $1,500. You double-check, and now it’s $5,000. You check again, and now you’re getting a refund? Yeah… something ain’t right.  

7. The 'Wait, I Was Supposed to Pay Estimated Taxes?' Realization  
You just found out quarterly tax payments exist. And you also just found out the IRS doesn’t like surprises—unless they’re surprise penalties.  

8. The 'Random Tax Law Changed and No One Told Me' Syndrome  
Every year, tax laws shift like quicksand, and unless you moonlight as a CPA, you probably missed that one rule that could’ve saved you thousands.  

9. The ‘I Think I’ll Just Move to Canada’ Meltdown  
At some point, you will contemplate throwing your laptop out the window and disappearing into the woods. Just know: Canada has taxes, too.  

Good News: You Don't Have to Be a Tax Hero  

We get it. Taxes are complicated, time-consuming, and dangerous if you get them wrong. That’s why Credit Banc teamed up with Kevin O’Leary’s Tax Hive—to make sure small business owners get tax experts in their corner.  

✅ Year-round support (not just during tax season).  

✅ Audit protection (so you don’t have to fight the IRS alone).  

✅ $10,000 in potential deductions or Tax Hive gives you $100 (because free money > stress).  

And the best part? Your first consultation is free. That’s right—no cost, no obligation, just real advice from tax professionals who actually know what they’re doing.  

📅 Book your free tax consultation now → BOOK MY CONSULTATION

Seriously, don’t be the person who tries to write off their Peloton. Let the pros handle it. 🚀