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8 Benefits of Online Bookkeeping

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They might even consider hiring a full-scale accounting department, depending on the size of their company. But these days, more and more companies are going digital, opting to use online accounting and bookkeeping services to handle their needs. The days of hiring a one-size-fits-all accountant are over.

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How Do I Pay Myself and My Taxes as a Partnership?

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Talk to a small business CPA at Xendoo. We provide online accounting for partnerships , as well as online bookkeeping services so you can stay tax-ready all year long. In this situation, profits and losses are only taxed at the personal level, which allows partnerships to avoid double taxation. .

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How Do I Pay Myself and My Taxes as a Sole Proprietor?

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An online bookkeeping service will be able to take this task off your plate, saving you time and stress. Your online Tax CPA takes care of filing your Schedule C that goes along with your personal tax return to itemize business deductions. As of right now, the self-employment tax rate is 15.3%.

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The Top 5 Benefits of Catch Up Bookkeeping

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They may also experience a back and forth with their Tax CPA over missing documents and gaps in their financials. Breathe a sigh of relief – catch up bookkeeping takes the headache out of tax season! Behind on your bookkeeping? Get Your Books Caught Up with Xendoo. You are not alone! Let’s chat!

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Learn When Your Should Outsource Your Accounting

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Here are just a few of the additional benefits that you can expect when you partner with high-quality outsource accounting services: Saving Time While Staying in Control. Outsource accounting services can reduce costs, all while ensuring greater accuracy for your financial records. Running your company is job number one.

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