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Xendoo vs. Bench: Comparing Online Bookkeeping Services for Small Business Owners

xendoo

Bookkeeping is vital to the success of every business, but business owners rarely have the time (or desire) to manage it themselves. In order to save their time and sanity, many partner with an online bookkeeping and accounting team. Today, we will take a look at two popular options: Xendoo Online Bookkeeping and Bench.

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

xendoo

The best accounting practice is to keep personal and business finances under separate accounts, in order to save time and avoid confusion while filing taxes. Below, we will discuss how online bookkeeping and accounting services can help your business remain tax compliant! . You are not alone!

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How to Prepare Your Small Business for the New Year

xendoo

This statement provides insight into cash, inventory levels, Accounts Payable (money owed to others) and Receivable (money owed to the business owner), credit card and bank balances, and the equity in the company. From there, you can start setting aside money to reduce tax season surprises. Outsource Your Bookkeeping .

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What happens if you get audited and don’t have receipts?

xendoo

The best way to avoid headaches during an IRS audit is to keep accurate business records and bookkeeping year-round , and that includes tracking receipts. Receipts are a paper trail for your business transactions and taxes. Without them, it’s harder to prove your tax deductions and other records are accurate.

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What happens if you get audited and don’t have receipts?

xendoo

The best way to avoid headaches during an IRS audit is to keep accurate business records and bookkeeping year-round , and that includes tracking receipts. Receipts are a paper trail for your business transactions and taxes. Without them, it’s harder to prove your tax deductions and other records are accurate.

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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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