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

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This post is intended to be used for informational purposes only and does not constitute as legal, business, or tax advice. Xendoo assumes no liability for any actions taken in reliance upon the information contained herein.

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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. But the more information you have about your business, the better.

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Year-End Bookkeeping and Accounting Checklist for Small Business Owners

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Our online bookkeepers provide catch up bookkeeping services , so you can focus on the future. . Once January arrives, your accountant will request certain forms in order to close your books and file your small business taxes. Employees need this information to file their personal tax returns. . Form W-9

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

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Discuss your options with an online partnership accountant at Xendoo. They will provide the financial insight needed to make the most informed decision regarding self-payment in your partnership! . They also report this information on their individual tax return (Form 1040), with a Schedule E attached.

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How to Prepare Your Small Business for the New Year

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For more information on cash flow, click here. . Lastly, consider partnering with an online accounting service. Get access to an expert team that provides all-in-one bookkeeping, tax preparation, filing, and consulting, so you can make informed business decisions and maximize your savings all year long!

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

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Some examples of costs that you’ll need receipts for include: Office supplies and equipment Inventory purchases Advertising and professional services Company training and employee education Travel expenses Since this isn’t an exhaustive list, it’s best to track all your business receipts and update your records regularly.

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

xendoo

Some examples of costs that you’ll need receipts for include: Office supplies and equipment Inventory purchases Advertising and professional services Company training and employee education Travel expenses Since this isn’t an exhaustive list, it’s best to track all your business receipts and update your records regularly.

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