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4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

That is why the Xendoo team has created this guide to help business owners stay on top of their tax requirements, remain compliant throughout the year, and effortlessly maximize their return! . Keep Your Bookkeeping Up-to-Date. Up-to-date and accurate bookkeeping saves business owners time, stress, and money during tax season.

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

xendoo

It’s a common question and concern for many business owners. 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. Receipts are a paper trail for your business transactions and taxes.

audit 52
article thumbnail

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

xendoo

It’s a common question and concern for many business owners. 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. Receipts are a paper trail for your business transactions and taxes.

audit 52