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How to File Income Tax Return: Tax Filing Preparation Guide 2022

Snyder

For e-commerce business owners, income tax filing season marks the start of a highly stressful time. Among the taxes that e-commerce businesses need to file, income tax is the most common one. State income taxes. Business income taxes. Local income taxes.

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Tax Preparation Tips for 2023: Tax Tips to Prepare Your Business for Tax Season

Snyder

Taxes add a big chunk to this plate. Tax filing deadlines and taxes themselves become a really big deal for e-commerce business owners, adding even more stress to their busy lives. Read till the end to find a helpful table with all important 2023 Tax Deadlines for the Tax Year 2022!

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Keeping Tax Records: Skagit County Small Biz Edition

SkagitCountyTaxServices

How long do I have to keep business tax documents? is a natural question this time of year – and keeping tax records looms large as you often use them for financing and budgeting and paying taxes at other times of the year. How long should you keep your tax returns themselves? It’s never been easier.

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IRS Audit Red Flags: How to Avoid Getting Tax Audited by the IRS

Snyder

If you’re a small business owner, however, your chances are a bit higher – about 2.5 percent of small businesses are getting tax audited. What’s interesting is that the less income you have, the higher the chance of a tax audit. What does a tax audit mean? IRS tax audit process. Let’s have a look!

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How Do You Record Ecommerce Sales in Accounting?

xendoo

Accountants can use that data to help businesses make future business decisions. Accounting for ecommerce includes the following categories: Bookkeeping (recording of business transactions). Submitting tax returns. It’s important to distinguish what it means to record sales vs sales tax.

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Accounting Basics for Small Business: A Simple Guide

Snyder

Basic steps in accounting for small businesses. Open a business bank account. Go through business bookkeeping basics. Track your small business profit and expenses. Get to know small business tax obligations and procedures. Small business accounting software to help you stay on top of accounting.

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Best Tax Preparation Software for Small Business: What Tax Software to Choose?

Snyder

Online tax preparation + IRS forms. Dealing with deadlines for important business taxes. What is tax software? Tax software is a program built specifically to help individuals and businesses with taxation. What factors should be considered when selecting tax software? Do you need tax software?