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New Sole Proprietors, LLCs, and Corporations Need Accounting and Tax Services

MyIRSRelief

If you’re new to business, you may be wondering why accounting and bookkeeping are so important. You don’t have a lot of money to spend on accounting and tax services. The truth is, accounting, taxes and bookkeeping are essential for all businesses, regardless of size or age.

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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? The best way to avoid headaches during an IRS audit is to keep accurate business records and bookkeeping year-round , and that includes tracking receipts.

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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? The best way to avoid headaches during an IRS audit is to keep accurate business records and bookkeeping year-round , and that includes tracking receipts.

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Los Angeles tax, accounting service

MyIRSRelief

For example, you may want to catch up on your tax filings, prepare for an audit, or simply get a better understanding of your financial situation. What are the benefits of accounting & bookkeeping services? They will then organize these documents in a way that is useful for preparing the tax return.

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The Ultimate Guide to Bookkeeping for Home Service Contractors

Steve Feinberg

Accurate bookkeeping also ensures that you are compliant with tax regulations. Not only is it required by law, but proper tax compliance ensures that your business avoids penalties and maximizes tax returns and deductions. See also: Quickbooks for advertising agencies.

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Beyond tax season: creating revenue stability year-round

ThomsonReuters

Stay top-of-mind with tax and accounting clients all year. Companies that only offer tax services have to start over each year building a brand through marketing and advertising. If you aren’t familiar with bookkeeping or need a refresher, you can find online bookkeeping courses to get up to speed.

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17 Reasons Why Bookkeeping Is Important for a Small Business  

MazumaBusinessAccounting

Business taxes are complex and time-consuming and can be stressful when trying to do them alone. Bookkeeping services that include tax filing take a lot off your plate come tax time. If your taxes are off in any way, you’re more likely to be audited. Easier IRS Audits. Get Extra Peace of Mind.