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8 Benefits of Online Bookkeeping

xendoo

When you first started your company, it might have made sense to try to handle your own bookkeeping and accounting needs. Why not rely on an online accounting service to take these tasks off your plate so you can focus on your business? Since these reports are generated online, you’ll also save on paperwork.

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Year-End Bookkeeping and Accounting Checklist for Small Business Owners

xendoo

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. .

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

xendoo

Partnerships file their taxes using Form 1065, which determines that each partner is reporting their income correctly. They also report this information on their individual tax return (Form 1040), with a Schedule E attached. Even with a significant tax advantage, taxes can still be stressful.

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

xendoo

An online bookkeeping service will be able to take this task off your plate, saving you time and stress. Because of this, you are only required to file a personal tax return. Income and expenses related to your business are accounted for on your individual Form 1040, Schedule C. Xendoo is Here for You.

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The Top 5 Benefits of Catch Up Bookkeeping

xendoo

By getting (and keeping) your books caught up, you can identify the deductions you qualify for, maximize your tax return, and stay compliant all year long! . Behind on your bookkeeping? Get a fresh start with catch up bookkeeping services from Xendoo, so you can take your time back and focus on the future of your business. .