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

xendoo

Table of contents Why do businesses need receipts? Receipts businesses should keep What happens if you get audited and don’t have receipts What to do when you don’t have receipts How bookkeeping and tax services help Why do businesses need receipts? Hire a catch up bookkeeping service that also has tax CPAs.

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

xendoo

Table of contents Why do businesses need receipts? Receipts businesses should keep What happens if you get audited and don’t have receipts What to do when you don’t have receipts How bookkeeping and tax services help Why do businesses need receipts? Hire a catch up bookkeeping service that also has tax CPAs.

audit 52
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4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

While the salary is subject to self-employment taxes, the distributions are exempt, which allows S-Corps to avoid double taxation. . It is always best to speak to a small business tax accountant. They will get to know your business, and determine if S-Corp Election is right for you. . Xendoo is here to help!

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How to Prepare Your Small Business for the New Year

xendoo

They also provide monthly financial statements, delivering financial visibility and the actionable insight needed for long-term business growth. . Online bookkeepers also provide catch up bookkeeping services to get previous years’ books in order. It is time to crush your business resolutions!