Remove 2021 Remove bookkeeping services Remove online accounting Remove tax accountant
article thumbnail

4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

By keeping your books up-to-date, you can be confident that you are reporting your income and expenses correctly, paying the proper amount in taxes, and paying your estimated taxes in a timely manner, which produces a stress-free tax season. Pay Self-Employment Tax. Pay Quarterly Estimated Taxes . April 18, 2022.

Tax 59
article thumbnail

The Small Business Guide to Revenue vs. Profit

xendoo

To understand revenue, let’s look at Microsoft’s financials for 2021. In their annual report, Microsoft reported total revenue of $168,088 million from product and service sales. Product revenue accounted for $71,074 million while service and other accrued $97,014 million totaling the $168,088 million.