Remove accounting online Remove bookkeeping services Remove tax return
article thumbnail

Year-End Bookkeeping and Accounting Checklist for Small Business Owners

xendoo

Our online bookkeepers provide catch up bookkeeping services , so you can focus on the future. . Once January arrives, your accountant will request certain forms in order to close your books and file your small business taxes. Employees need this information to file their personal tax returns. .

article thumbnail

How Do I Pay Myself and My Taxes as a Sole Proprietor?

xendoo

An online bookkeeping service will be able to take this task off your plate, saving you time and stress. Because of this, you are only required to file a personal tax return. Income and expenses related to your business are accounted for on your individual Form 1040, Schedule C. Xendoo is Here for You.

Tax 95
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

xendoo

Partnerships file their taxes using Form 1065, which determines that each partner is reporting their income correctly. They also report this information on their individual tax return (Form 1040), with a Schedule E attached. Even with a significant tax advantage, taxes can still be stressful.

Tax 92
article thumbnail

8 Benefits of Online Bookkeeping

xendoo

They might even consider hiring a full-scale accounting department, depending on the size of their company. But these days, more and more companies are going digital, opting to use online accounting and bookkeeping services to handle their needs. The days of hiring a one-size-fits-all accountant are over.

article thumbnail

The Top 5 Benefits of Catch Up Bookkeeping

xendoo

By getting (and keeping) your books caught up, you can identify the deductions you qualify for, maximize your tax return, and stay compliant all year long! . Behind on your bookkeeping? Get a fresh start with catch up bookkeeping services from Xendoo, so you can take your time back and focus on the future of your business. .

article thumbnail

What happens if you get audited and don’t have receipts?

xendoo

Receipts businesses should keep What happens if you get audited and don’t have receipts What to do when you don’t have receipts How bookkeeping and tax services help Why do businesses need receipts? Receipts are records and proof of payment for the income and expenses your small business claims on tax returns.

audit 52
article thumbnail

What happens if you get audited and don’t have receipts?

xendoo

Receipts businesses should keep What happens if you get audited and don’t have receipts What to do when you don’t have receipts How bookkeeping and tax services help Why do businesses need receipts? Receipts are records and proof of payment for the income and expenses your small business claims on tax returns.

audit 52