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Tax Changes for Payment Apps: What Small Business Owners Need to Know

xendoo

The new requirement went into effect on January 1, 2022, and will apply to 2022 taxes , which will be filed in 2023. . The use of Form 1099-K is only a reporting method and an update to the threshold in existing tax laws. . Tax Compliance Done for You . Catch Up Bookkeeping : Are you behind on your bookkeeping?

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How to Prepare Your Small Business for the New Year

xendoo

Between skyrocketing holiday sales, extended hours, and juggling multiple duties, it can be difficult to find a moment to stop and think about preparing for 2022. . From there, you can start setting aside money to reduce tax season surprises. Up-to-date bookkeeping allows for tax-readiness throughout the year.

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4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

That is why the Xendoo team has created this guide to help business owners stay on top of their tax requirements, remain compliant throughout the year, and effortlessly maximize their return! . Keep Your Bookkeeping Up-to-Date. Up-to-date and accurate bookkeeping saves business owners time, stress, and money during tax season. .

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