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In order to remain tax-ready throughout the year and maximize your return, consider partnering with an onlineaccountant at Xendoo! 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. .
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 businesstaxes. We would love to partner with you as your online bookkeeping , accounting , and tax team! .
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 onlineaccounting service. We would love to get to know you and your business.
Every partnership owner faces the unique challenges of self-payment, tax filing, and maximizing their tax savings. Although they would rather focus on growing their business, taxes and payroll often take up too much of their valuable time. . Even with a significant tax advantage, taxes can still be stressful.
By keeping your books up-to-date, you can be confident that you are reporting your income and expenses correctly, paying the proper amount in taxes, and paying your estimated taxes in a timely manner, which produces a stress-free tax season. Pay Self-Employment Tax. Pay Quarterly Estimated Taxes .
Be aware that sole proprietors are required to withhold self-employment taxes, which contribute to Social Security and Medicare. As of right now, the self-employment tax rate is 15.3%. So, how can you maximize your tax savings? Businesstax preparation and filings are included with almost all of our packages!
Whether they coach chess players or sell organic puppy food online, every small business owner shares a common driving force: a passion for growing their business. Increasing sales and gaining new customers is one part of the equation.
Benefits of finance and accounting outsourcing for SMBs 3. When should I consider accounting outsourcing and bookkeeping services? How to make outsourced finance and accounting work for your business 5. Onlineaccounting system Managing finance and accounting in-house or outsourcing for SMBs?
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