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What Is Payroll Tax? A Breakdown for Business Owners

inDinero Tax Tips

What is payroll tax? Since businesses are responsible for calculating, withholding, and remitting the tax to the government, navigating this process can be an administrative challenge. In this article, we’ll explain the basics of the tax and how to do payroll yourself. How Much Is Payroll Tax?

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

xendoo

Most small businesses have a low probability of going through an IRS audit, but it’s possible. What happens if you get audited and don’t have receipts to back your expenses? It’s a common question and concern for many business owners. 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

Most small businesses have a low probability of going through an IRS audit, but it’s possible. What happens if you get audited and don’t have receipts to back your expenses? It’s a common question and concern for many business owners. Learn everything you need to know about IRS audits and receipts below.

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Small Business Tax Deductions Checklist: All You Need to Know About Tax Deductions

Snyder

Tax liability is an inevitable part of running a business. Every year business owners have to bear the burden of the tax season, paying taxes for income, payroll, property, sales, and so on. In total, nearly 30% of a business’ income is needed to cover all tax payments. Contents: 1.

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Commingling Funds: How to Address the Problem and Avoid It in the Future

inDinero Tax Tips

However, you can’t deduct what you don’t document and shouldn’t deduct what you can’t prove was a business expense. Mistakenly taking personal expenses as small business tax deductions also opens you to risk during an audit. Indinero’s online bookkeeping services are here to help with this tedious task.

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The Best Small Business Bookkeeping Solutions

xendoo

Thankfully, a reliable bookkeeping solution is just a click away. What should you look for in an accounting or bookkeeping service? Today, we’ll highlight five of the best small business bookkeeping service solutions. Online Bookkeeping Service for Your Small Business. Sound familiar?

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The Ultimate Guide to Bookkeeping for Home Service Contractors

Steve Feinberg

Payroll Management Managing payroll can be a complex and time-consuming task, especially when you have many employees. Bookkeeping software can help you automate payroll and streamline the entire process. Choosing the right bookkeeping service is crucial for success, and Appletree Business Services is here to help.