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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? After all, it kept costs down.

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

xendoo

Although they would rather focus on growing their business, taxes and payroll often take up too much of their valuable time. . The owner’s draw is not subject to payroll taxes, but it is considered personal income and is taxed accordingly. If the self-payment struggle is all too familiar to you, Xendoo is here to help.

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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. Also, Xendoo’s bookkeepers and CPAs have years of experience managing business record keeping. 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

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. Also, Xendoo’s bookkeepers and CPAs have years of experience managing business record keeping. Hire a catch up bookkeeping service that also has tax CPAs.

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

xendoo

Payroll , however, is most likely not their passion. 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. Where to Begin?

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Finance and Accounting Outsourcing: Benefits for SMBs

Snyder

Managing finance and accounting in-house or outsourcing for SMBs? In-house accounting for SMBs Outsourcing for SMBs 2. Benefits of finance and accounting outsourcing for SMBs 3. When should I consider accounting outsourcing and bookkeeping services? But as the business grows, so do the needs.

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4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

Keep Your Bookkeeping Up-to-Date. Up-to-date and accurate bookkeeping saves business owners time, stress, and money during tax season. . In typical payroll situations, self-employment taxes are split between the employee and employer, each paying 7.65%. Pay Self-Employment Tax. Self-employed individuals pay both halves: 12.4%

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