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When You Need to Hire a Pro: Online Accounting Service for Small Business

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Choosing an online accounting service for your small business is the best way to keep your books updated, in compliance, and thriving. based financial team—bookkeeping, tax consulting, and tax filing all under one roof, available 24/7. You need to figure out the best legal structure for your SMB.

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What Happens if a Business Doesn’t File Taxes?

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Number of Years Accrued Interest 1 6% 2 12% 3 18% 4 24% 5 30% Filing and paying your taxes within the deadlines can help you avoid costly penalties from the IRS. If you have fallen behind on filing or paying your taxes, consult with a tax professional. What Happens if a Business Doesn’t File Taxes for Three Years?

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The Best Online Accounting Software for Small Businesses

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Without a solid bookkeeping background or experience, there is always a chance you will misuse the software. Additionally, Wave offers bookkeeping services, payroll services, and online payment processing under separate paid plans. Tax consulting is also available throughout the year in most plans.