Small business owners waste “several hours” of time each year manually tallying numbers and finances, according to GoDaddy vice president, Steven Aldrich. How can they get that time back? Overcome their fear of the digital and embrace cloud-based solutions specifically designed to simplify and speed up otherwise complicated tax prep tasks.

Of course Aldrich recommends GoDaddy’s cloud-based GoDaddy Online Bookkeeping online bookkeeping tool, which automatically enters business expenses and other key financials directly into tax forms throughout the year so you don’t have to (cost: $8.34 per month for 12 months or $9.99 per month). There are several similar cloud-based accounting solutions available  that can do the same thing. Read more.