Remove accounting online Remove business tax Remove online accounting
article thumbnail

Tax Changes for Payment Apps: What Small Business Owners Need to Know

xendoo

In order to remain tax-ready throughout the year and maximize your return, consider partnering with an online accountant at Xendoo! Online Bookkeeping : Tax savings begin with consistent bookkeeping, which provides the financial visibility needed to make informed, data-driven decisions, now and during tax season. .

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. We would love to partner with you as your online bookkeeping , accounting , and tax team! .

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 to Prepare Your Small Business for the New Year

xendoo

Up-to-date bookkeeping allows for tax-readiness throughout the year. Having income and expenses organized will save time and prevent confusion and stress when tax season arrives. . Lastly, consider partnering with an online accounting service. We would love to get to know you and your business.

article thumbnail

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

xendoo

Every partnership owner faces the unique challenges of self-payment, tax filing, and maximizing their tax savings. Although they would rather focus on growing their business, taxes and payroll often take up too much of their valuable time. . Even with a significant tax advantage, taxes can still be stressful.

Tax 92
article thumbnail

4 Ways Small Business Owners Can Stay Tax Compliant

xendoo

By keeping your books up-to-date, you can be confident that you are reporting your income and expenses correctly, paying the proper amount in taxes, and paying your estimated taxes in a timely manner, which produces a stress-free tax season. Pay Self-Employment Tax. Pay Quarterly Estimated Taxes .

Tax 59
article thumbnail

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

xendoo

Be aware that sole proprietors are required to withhold self-employment taxes, which contribute to Social Security and Medicare. As of right now, the self-employment tax rate is 15.3%. So, how can you maximize your tax savings? Business tax preparation and filings are included with almost all of our packages!

Tax 95
article thumbnail

The Top 5 Benefits of Catch Up Bookkeeping

xendoo

Whether they coach chess players or sell organic puppy food online, every small business owner shares a common driving force: a passion for growing their business. Increasing sales and gaining new customers is one part of the equation.