article thumbnail

How To Find The Right Online Accountant For Your Business

xendoo

A small business accountant can provide guidance at every stage of your company’s development, and they can be invaluable when it comes to tax preparation, succession planning, and more. An online accountant can also deliver these services at a price that fits the limited budget of modern business owners. . Tax planning.

article thumbnail

How Do I Pay Myself and My Taxes as a Partnership?

xendoo

They also report this information on their individual tax return (Form 1040), with a Schedule E attached. The owner’s draw is not subject to payroll taxes, but it is considered personal income and is taxed accordingly. Talk to a small business CPA at Xendoo. Xendoo is Here for You. Xendoo is here to help!

Tax 92
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Finance and Accounting Outsourcing: Benefits for SMBs

Snyder

In-house accounting for SMBs Outsourcing for SMBs 2. Benefits of finance and accounting outsourcing for SMBs 3. When should I consider accounting outsourcing and bookkeeping services? How to make outsourced finance and accounting work for your business 5. Check out how much accounting should cost a small business.

article thumbnail

LLC vs. S corp: Which is right for your business and taxes? 

xendoo

Xendoo does online accounting , bookkeeping, and taxes for businesses, so it’s a question we answer frequently. Taxes Taxed as a pass-through entity. Subject to self-employment taxes. Taxed as a pass-through entity. Saves on payroll taxes by paying owners a salary and distributions.

Tax 52
article thumbnail

How Do I Pay Myself and My Taxes as a C-Corporation?

xendoo

As they juggle increasing sales, customer service, marketing, and even bookkeeping and accounting , two questions come to mind – how do I pay myself? How do I pay my business’s taxes? . Discuss your options with an online C-Corporation accountant at Xendoo today! . Xendoo is Here for You.

Tax 52
article thumbnail

Netsuite vs. Quickbooks: Accounting Software Comparison

inDinero Accounting

Accounting software often offers cloud-based storage to protect you from a data breach. Beyond that, most accounting softwares offer many additional features including, but not limited to, payroll, tax filing, and inventory tracking. Quickbooks Online Accounting Software Overview.

NetSuite 104
article thumbnail

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

Snyder

However, even these expenses can be claimed as tax deductions. As a result, the net price of your bookkeeper or attorney will be much lower. Professional service fees Any legal, accounting and bookkeeping services fees that are needed for your business are also deductible. Here’s where online accounting programs can help.

Tax 98