xendoo

MAY 19, 2021

With so many day-to-day responsibilities that go into running a small business, such as inventory accounting, staffing, bookkeeping, and marketing, it can be easy to forget about the tax deadline. Yet, before you know it, their tax deadline came and went. . What is the Deadline for the Florida Business Tax Extension?

Florida

inDinero Tax Tips

MAY 10, 2023

Tracking expenses and claiming all of the small business tax deductions you’re eligible for can add up to substantial savings, especially for start-ups that reinvest aggressively as they scale. Many popular tax software are, of course, designed to help you through these startup tax deductions.

business tax

xendoo

SEPTEMBER 10, 2021

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?

bookkeeping

xendoo

NOVEMBER 22, 2021

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. . How Do I Pay My Taxes as a Partnership Owner? No Double Taxation .

Tax

inDinero Tax Tips

AUGUST 29, 2023

Don’t Even Try Deducting These 13 Non-Deductible Business Expenses Frequently Asked Tax Deduction Questions Conclusion What Are the IRS Rules for Non deductible Business Expenses? There are many ways businesses can lower their tax liability. Frequently Asked Tax Deduction Questions Filing taxes isn’t fun.

Tax

xendoo

FEBRUARY 25, 2022

If that is not the case, you will need to take steps to clean up accounting records or use a catch-up bookkeeping service. . If you don’t know where you stand with accounts receivable, accounts payable, or cash accounts, you won’t be able to make strategic business decisions. Be Ready for Tax Season.

general ledger

xendoo

AUGUST 24, 2021

How do taxes factor in? Tax filing is simplified too! Keeping detailed records of your income and expenses will help you identify when cash flows into and out of your business, and how cash flow may change over time. An online bookkeeping service will be able to take this task off your plate, saving you time and stress.

Tax

xendoo

DECEMBER 3, 2021

The end of the year is a hectic time for small business owners. 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. . 25% of business owners are behind on their books. Xendoo is here to help.

bookkeeping

inDinero Tax Tips

JUNE 12, 2023

Future investors or creditors will want to know your financials, not to mention the confusion this will bring come tax time. Claiming Tax Deductions is Harder When running a business, saving the maximum amount of money with tax deductions is vital to maintaining financial health. Proceed with caution.

payroll tax

xendoo

JANUARY 6, 2022

A crucial component of being a small business owner is meeting certain tax requirements in order to remain compliant in the eyes of the IRS. It can feel overwhelming to keep track of every rule and deadline, especially while juggling countless other business responsibilities day in and day out. . Pay Self-Employment Tax.

Tax

xendoo

SEPTEMBER 2, 2021

Planning ahead is always a good business strategy, especially when it comes to taxes. Adopting a proactive strategy can help you stay ahead of business tax filing deadlines, avoiding the rush and the headache during tax season! . Income Tax for Individuals, Sole Proprietors, and Single-Owner LLCs.

Tax

xendoo

DECEMBER 13, 2021

In addition to being worried about how you’ll get caught up, you may also be concerned about the catch-up bookkeeping price you’ll have to spend to bring your financial data up-to-date. Most business owners find that catch-up bookkeeping services are well worth the price. Your business taxes depend on your income.

bookkeeping

xendoo

DECEMBER 6, 2021

Understanding your cash needs and budgeting accordingly enables you to meet your financial goals and obligations, and continue to grow your business. . Prepare for Tax Season Now. The earlier tax preparation starts, the greater the savings will be when tax season arrives. It is time to crush your business resolutions!

bookkeeping

xendoo

MAY 30, 2021

Florida is among the most tax-friendly states in America. If you have a small or midsize business in the state of Florida, you may be shielded from many typical forms of small business taxes. But how can you know which tax laws apply to your business? income tax. Florida has a sales tax rate of 6%.

Florida

xendoo

MAY 16, 2023

Many business owners look at their calendars halfway through April and realize that they missed their tax deadline. You might be wondering: What happens if you miss the tax deadline? Table of contents Tax filing deadlines What happens if you’re getting a refund (you don’t owe taxes)?

Tax

xendoo

MAY 16, 2023

Many business owners look at their calendars halfway through April and realize that they missed their tax deadline. You might be wondering: What happens if you miss the tax deadline? Table of contents Tax filing deadlines What happens if you’re getting a refund (you don’t owe taxes)?

Tax

Analytix Finance & Accounting

FEBRUARY 6, 2023

Tax time can quickly become a period full of paperwork, document review, and stressing about deadlines. This can be true even for a CPA firm if multiple clients require last-minute assistance with their tax filing. This is especially true for startups and small businesses to identify and rule out any duplicate data.

Tax

LyfeAccounting

JANUARY 30, 2021

?. Tax season 2021 is here! And if you have been adhering to our suggestions or taken advantage of the tax system in 2020 then you likely know what to expect and excited for this tax year. On the other hand, if you’ve paid very little attention to some of the tax changes or programs then you’ve got a lot to catch up on.

Tax

xendoo

MAY 8, 2022

For example, you may go a step further and factor in the EBIT (earnings before interest and taxes), depreciation, amortization, rent, and business taxes into the equation. This will give you your business’s net profit for the period. For example, let’s say your business had total revenue of $100,000 in a year.

bookkeeping

Ryan Lazanis

APRIL 4, 2022

In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years. In this guide, you’ll learn: How to set up a strategic business plan. Marketing your bookkeeping services to find new clients. What is a Productized Service?

bookkeeping

xendoo

SEPTEMBER 28, 2021

If you want to make sure that you and your small business are ready for the 2021 tax season, then it is essential to remain well organized throughout the year. Lastly, you need to know about all of the various tax deadlines that might apply to your business throughout the year. Excise Tax. State Income Tax.

tax preparation

Steve Feinberg

SEPTEMBER 2, 2021

As the Covid-19 pandemic self employed tax deductions offices and workspaces around the country, many American workers had to adapt to doing their jobs or running their businesses from home. will not be considered a home office for tax reasons. Your home office must also be considered “the principal place of your business.”

Tax

inDinero Tax Tips

MAY 13, 2024

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?

payroll tax

inDinero Tax Tips

MAY 13, 2024

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?

payroll tax

xendoo

JANUARY 26, 2023

As a business owner, you probably know that you should file taxes on time. However, if you’ve fallen behind on taxes, you’re not alone. Over 33% of Americans procrastinate doing taxes until the last minute. Reasons for procrastinating taxes vary. What happens if a business doesn’t file taxes by the due date?

Tax

LyfeAccounting

NOVEMBER 3, 2020

Every year, more than 2 million taxpayers overpay their income taxes. This could be due to poor tax planning, or because they’re missing some of the biggest business tax write-offs. Meanwhile, the top 1% are using the tax law to their advantage to minimize their tax liability, oftentimes leaving us clueless….

Tax

Steve Feinberg

FEBRUARY 28, 2022

What Is A Tax Deduction? . Tax deductions (sometimes referred to as “write-off’s”) are expenses you make on behalf of your business throughout the year, the total of which can be subtracted from your final tax payment. Money you spend on promoting your business can be directly subtracted from your year-end tax burden.

Tax

Analytix Finance & Accounting

DECEMBER 30, 2024

As a CPA firm, you already know that tax season brings the need for organization, meticulous attention to detail, and efficient processes to ensure success. Balancing the need for precision while meeting tight tax deadlines can inadvertently result in errors. All of these serve to highlight the importance of preparation for tax firms.

cpa firm

Snyder

JANUARY 19, 2023

Tax season is the time when accounting firms and CPAs earn the biggest part of their profit. Surviving tax season is a skill that any accountant has to develop, and the earlier, the better. But first, let’s ask an expert about the challenges that professional accountants face during this busy season.

Tax

Steve Feinberg

SEPTEMBER 7, 2023

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.

bookkeeping

xendoo

MAY 16, 2023

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. 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.

audit

xendoo

MAY 16, 2023

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. 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.

audit

xendoo

DECEMBER 15, 2021

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! In this blog post, we are exploring the top 5 benefits of catch up bookkeeping ! . Tax Compliance.

bookkeeping

xendoo

APRIL 13, 2023

Besides managing all aspects of the business, taking care of your books is crucial to achieving financial success while being tax ready all year round. At Xendoo, we know you didn’t start a business to do the accounting and taxes; but we did. Even if you can’t pay in full, the IRS will work with you.

bookkeeping

xendoo

APRIL 13, 2023

Besides managing all aspects of the business, taking care of your books is crucial to achieving financial success while being tax ready all year round. At Xendoo, we know you didn’t start a business to do the accounting and taxes; but we did. Even if you can’t pay in full, the IRS will work with you.

bookkeeping

MazumaBusinessAccounting

JULY 1, 2022

Every business involves bookkeeping, and delayed, or inaccurate bookkeeping can swiftly become a financial disaster. How can you grow your business, secure capital, or even file taxes correctly without accurate and up-to-date books? You’re wondering how you got here and how to catch up on bookkeeping fast.

bookkeeping

Snyder

DECEMBER 27, 2022

Remember, this is your business and you can say yes or no to reach a mutually acceptable agreement with your clients. During the busy tax season every accountant has their hands full , so that shouldn’t be discounted. You need to wear many hats when running your own business. Help clients find you. Plan your day.

Account