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Tax Season Best Practices to Avoid Identity Fraud – 2023

CPA Practice

Here are three methods accountants, CPAs, and tax preparers can employ during this tax season. #1 The latest IDology Consumer Digital Identity Study shows that 68 percent of consumers surveyed prioritize the security of the onboarding process as the most crucial factor when opening new accounts online.

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

xendoo

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. However, forgetting or misplacing receipts happens, especially when you’re busy running a business. Learn everything you need to know about IRS audits and receipts below.

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

xendoo

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. However, forgetting or misplacing receipts happens, especially when you’re busy running a business. Learn everything you need to know about IRS audits and receipts below.

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Year-End Bookkeeping and Accounting Checklist for Small Business Owners

xendoo

CPAs provide the Schedule K-1. The information needed to complete this form is listed on Form W-9, which can be collected from your contractors. If any W-9s are missing, be sure to reach out to your independent contractors and have them complete the form before the end of the year. Schedule K-1.

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4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

Our expert online CPAs are available all year long, so you can make informed decisions each quarter, and maximize your return when tax season arrives! . If your income fluctuates, consider calculating your payments based on your quarterly earnings instead. You can also take advantage of Xendoo’s small business tax services.

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

xendoo

In order to save their time and sanity, many partner with an online bookkeeping and accounting team. There are many options available, ranging from traditional CPAs to tech-savvy online providers. Today, we will take a look at two popular options: Xendoo Online Bookkeeping and Bench.

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8 Benefits of Online Bookkeeping

xendoo

The data you receive from an online bookkeeper can even help you plan for the future, which can be helpful when it comes to tasks like managing your inventory and looking for ways to expand your business. That’s not meant to be a slam against bookkeepers, as many of them do an excellent job.