Remove bookkeeping services Remove income tax Remove Sales Remove tax return
article thumbnail

Safeguarding your practice: Rethinking client relationships as DIY tax returns become a reality

Mark Lee

I had thought this might not happen until MTD for income tax becomes a reality. The Rise of DIY Tax Returns This year, in the Facebook groups I frequent, a number of magicians, speakers and consultants have been almost boasting about ho, for the first time, they have completed their own tax returns.

article thumbnail

Guide to Pricing Accounting Services (Fixed & Value Pricing)

Ryan Lazanis

If you’re having trouble pricing accounting and bookkeeping services for your fixed-price mandates, you’re not the only one (and you’ve come to the right place). In basic bookkeeping and accounting, not all hours are created equal. Customer expectations are changing, and they are now more insistent than ever on upfront pricing.

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

Beyond tax season: creating revenue stability year-round

ThomsonReuters

Bookkeeping is another service many small businesses can use, especially those with a small staff or without anyone on staff who has experience managing daily finances and transactions. If you aren’t familiar with bookkeeping or need a refresher, you can find online bookkeeping courses to get up to speed. Insurance sales.

Tax 102
article thumbnail

2021 Tax Preparation for Small Business

xendoo

In order to help, the team at Xendoo has created this guide to tax prep for small businesses. Our goal is to make sure that you have the tools you need to appropriately file your tax return this year. Due to the unprecedented challenges of 2020, the IRS extended the traditional income tax filing deadline to May 17, 2021.

article thumbnail

Starting an eCommerce Business? Bookkeeping Basics You Need to Know

xendoo

Just like a traditional brick-and-mortar business, your eCommerce business needs a good bookkeeping system for essential functions like tracking revenues and expenditures and filing tax returns. You’re probably starting to see a trend in these bookkeeping basics for eCommerce, and that is to stay organized.

article thumbnail

The Top 5 Benefits of Catch Up Bookkeeping

xendoo

Increasing sales and gaining new customers is one part of the equation. Consistent bookkeeping provides the financial insight needed to strategize for long-term success. Click here to learn more about Net Income. . Tax Compliance. Behind on your bookkeeping? Get Your Books Caught Up with Xendoo.

article thumbnail

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.

Tax 98