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

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Bookkeeping is vital to the success of every business, but business owners rarely have the time (or desire) to manage it themselves. In order to save their time and sanity, many partner with an online bookkeeping and accounting team. Today, we will take a look at two popular options: Xendoo Online Bookkeeping and Bench.

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Tax Changes for Payment Apps: What Small Business Owners Need to Know

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The use of Form 1099-K is only a reporting method and an update to the threshold in existing tax laws. . Adding yet another item to the tax season to-do list may feel overwhelming, but you do not have to handle it all on your own. Tax Compliance Done for You . Catch Up Bookkeeping : Are you behind on your bookkeeping?

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How to Prepare Your Small Business for the New Year

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From there, you can start setting aside money to reduce tax season surprises. Up-to-date bookkeeping allows for tax-readiness throughout the year. Having income and expenses organized will save time and prevent confusion and stress when tax season arrives. . Lastly, consider partnering with an online accounting service.

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

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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. Without them, it’s harder to prove your tax deductions and other records are accurate.

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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. Receipts are a paper trail for your business transactions and taxes. Without them, it’s harder to prove your tax deductions and other records are accurate.

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4 Ways Small Business Owners Can Stay Tax Compliant

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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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