Small Business Taxes - 6 Compelling Reasons to Pay Your Taxes Electronically

Did you know that the IRS has made it significantly easier to make your federal tax payments on time?

Let me introduce you to EFTPS - the Electronic Federal Tax Payment System. It's been running along quite smoothly for many years now, and if you're not using it, here are six compelling reasons to sign up today.

Reason #1: It works.

Millions of small businesses use it successfully every day.

Reason #2: It saves time.

No more last-minute trips to the bank or post office. No more writing out checks and filling out forms and adding to the never-ending pile of paperwork on your desk. You'll complete the painful task of paying your taxes much faster. Why make the process any more painful than necessary?

Reason #3: It is user-friendly.

You'll be so amazed at how easy it is, you'll have one less thing to complain about. And when it comes to the federal government, don't we all need at least one thing that we don't complain about?

Reason #4: It prevents mistakes.

It will greatly reduce the possibility of making an error or late payment on your tax payments. No more looking for lost checks. No more penalties, interest and frustration over missed deadlines.

Reason #5: It is safe and secure.

EFTPS enables you to authorize your bank to electronically transfer your tax payment directly from your bank or credit union account to the IRS. Only you control the timing and the amount of the payment. Participation in EFTPS does not give the IRS the right to take money out of your account whenever they want.

Reason #6: It is convenient.

EFTPS is available 365/24/7. You can initiate a payment any time you want, day or night, from virtually anywhere - all you need is a phone or internet access. When it comes to making a payment, it doesn't get any more convenient than that.

All these benefits add up to one thing for you: money in your pocket.

Of course, EFTPS doesn't reduce the amount of tax you are required to pay. Only our beloved elected politicians can do that.

But if you save time, you are saving money, right? And if you aren't complaining about the government so much, you'll be in a better mood and more productive.

And if you are much less likely to make a mistake when paying your taxes, you are preventing a costly error that could cost you hundreds or even thousands of dollars in late payments penalties and interest.