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

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Online Bookkeeping : Tax savings begin with consistent bookkeeping, which provides the financial visibility needed to make informed, data-driven decisions, now and during tax season. . They are available when you need them, all year long. .

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

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Table of contents Why do businesses need receipts? Receipts businesses should keep What happens if you get audited and don’t have receipts What to do when you don’t have receipts How bookkeeping and tax services help Why do businesses need receipts?

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

xendoo

Table of contents Why do businesses need receipts? Receipts businesses should keep What happens if you get audited and don’t have receipts What to do when you don’t have receipts How bookkeeping and tax services help Why do businesses need receipts?

audit 52
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4 Ways Small Business Owners Can Stay Tax Compliant

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While the salary is subject to self-employment taxes, the distributions are exempt, which allows S-Corps to avoid double taxation. . It is always best to speak to a small business tax accountant. They will get to know your business, and determine if S-Corp Election is right for you. .

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How to Prepare Your Small Business for the New Year

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Cash flow represents the money that flows into and out of your business over time, and is crucial for ongoing business success. For more information on cash flow, click here. . Lastly, consider partnering with an online accounting service. It is time to crush your business resolutions!