Remove accounting online Remove financial statements Remove Tax Remove tax return
article thumbnail

Year-End Bookkeeping and Accounting Checklist for Small Business Owners

xendoo

Between catching their breath after tax season and managing holiday traffic and sales, year-end bookkeeping and accounting tasks understandably fall to the bottom of the to-do list. . Reviewing bank and credit card statements to confirm that they match. . Accurate records ensure reliable financial statements.

article thumbnail

Grab the Documents

FraudFiles

If you have access to any bank, credit card, or investment accounts online, it’s advisable to go into the accounts and download all available statements and supporting documentation. Do it right away in case you lose access to that account later. Financial statements. Income tax returns.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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

xendoo

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. Receipts are records and proof of payment for the income and expenses your small business claims on tax returns.

audit 52
article thumbnail

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

xendoo

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. Receipts are records and proof of payment for the income and expenses your small business claims on tax returns.

audit 52
article thumbnail

The Top 5 Benefits of Catch Up Bookkeeping

xendoo

Catch up bookkeeping accelerates business growth by increasing financial visibility, which enables business owners to make decisions based on accurate information and remain tax-compliant throughout the year! The financial statements report revenue, expenses, and profitability, all of which contribute to the Opening Balance.