xendoo

APRIL 14, 2021

It’s common for a business owner to want to save money on outsourcing bookkeeping services and do it themselves thinking, What can go wrong… it’s just data entry!?” The size of your business and the number of monthly expenses you incur play a large role in estimating the pricing for outsourced bookkeeping services.

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inDinero Tax Tips

JANUARY 1, 2025

Startups that hope to attract venture capital need to be able to provide high-level financial statements to investors. Good accounting also helps avoid costly mistakes: misfiled taxes, underreported equity, or mismanaged cash flow can snowball into major problems. Dont make this mistake. How to Value Intellectual Property?

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xendoo

FEBRUARY 25, 2022

If that is not the case, you will need to take steps to clean up accounting records or use a catch-up bookkeeping service. . Here are a few: Ensure Financials Are Up-to-Date. A virtual bookkeeper can help you automate that and more. Be Ready for Tax Season. Inconsistencies in Financial Statements.

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xendoo

SEPTEMBER 10, 2021

Thankfully, a reliable bookkeeping solution is just a click away. What should you look for in an accounting or bookkeeping service? Today, we’ll highlight five of the best small business bookkeeping service solutions. Online Bookkeeping Service for Your Small Business. Financial statements .

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xendoo

DECEMBER 3, 2021

Between catching their breath after tax season and managing holiday traffic and sales, year-end bookkeeping and accounting tasks understandably fall to the bottom of the to-do list. . Accurate records ensure reliable financial statements. Employees need this information to file their personal tax returns. .

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MyIRSRelief

MARCH 15, 2023

As a trucker, filing taxes can be a daunting task. The paperwork, deadlines, and complex tax laws can leave you feeling overwhelmed and uncertain about your tax obligations. However, failing to file your taxes can have severe consequences, including back taxes, penalties, and even legal action.

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xendoo

AUGUST 9, 2021

It is also necessary to meet government regulations and for proper tax preparation. Finally, good business bookkeeping provides data so you can use it to analyze financial trends, costs, profits, and more. . An online bookkeeping service can help you manage: . Financial statements . Payroll and more.

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CPA Practice

DECEMBER 13, 2023

Tax season can be exhilarating for its intensity but stressful if your firm has all its balls in one court. Diversifying with tax-adjacent advisory services can add value to your existing clients, build recurring revenue streams and increase the likelihood of your tax clients returning next season. By Alex Loewenstein.

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xendoo

APRIL 25, 2021

A bookkeeper will track your sales, so you know what’s most profitable and can focus on what works. Tax compliant: With up-to-date, accurate records, a bookkeeper can assist you during tax season – helping you maximize deductions and stay compliant. . Go digital.

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xendoo

DECEMBER 6, 2021

Review Financial Performance. Analyze your business’s performance from the previous year by reviewing your key financial statements. The Cash Flow Statement provides visibility into when cash flows into and out of a business, and how cash balances have changed over a specific time period. Prepare for Tax Season Now.

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Ryan Lazanis

OCTOBER 24, 2022

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. Pricing Accounting Services – 4 Steps to Follow. Value Pricing.

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xendoo

FEBRUARY 24, 2021

Do you need someone who can help you file your taxes and stay compliant? . A small business bookkeeper or bookkeeping service can support you with everything from simple bookkeeping to offering more in-depth tax filing services and business consulting. Financial reports. Save money.

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xendoo

MARCH 17, 2022

If the bank does not allow view only access, the business owner provides a monthly bank statement to the bookkeeper so that the balances can be tied out and the financial statements can be finalized. . Xendoo offers business owners 24/7 access to their financial statements and tax returns in their customer portal.

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Basis 365

JANUARY 13, 2023

Whether you offer products or services, administrative and accounting tasks can be tedious and time-consuming. Small businesses can outsource bookkeeping services if they need help managing their finances. What are the responsibilities of outsourced bookkeeping? What are the best times to outsource bookkeeping services?

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Snyder

AUGUST 12, 2022

Sometimes grasping the difference between bookkeeping and accounting can be tricky. Both bookkeepers and accountants work with your finances, both help make your tax reporting a smooth experience. How to choose a bookkeeper? Now, let’s take a close look at each of the options: Bookkeeper vs Accountant.

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Basis 365

FEBRUARY 10, 2025

When handled by the experts, outsourced bookkeeping services not only ensures accurate financial tracking but also frees up your time to focus on growth and strategy. Lets dive into the top 10 bookkeeping best practices that businesses should outsource to maintain financial health, reduce stress, and achieve long-term success.

bookkeeping 52

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Basis 365

JUNE 29, 2023

A bookkeeper is responsible for maintaining accurate and up-to-date financial records for a business. They record transactions, reconcile accounts, and generate financial statements. In addition, bookkeepers typically handle day-to-day financial tasks such as invoicing, accounts payable, and accounts receivable.

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xendoo

DECEMBER 13, 2021

In addition to being worried about how you’ll get caught up, you may also be concerned about the catch-up bookkeeping price you’ll have to spend to bring your financial data up-to-date. Most business owners find that catch-up bookkeeping services are well worth the price. Your business taxes depend on your income.

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PYMNTS

FEBRUARY 20, 2020

FreshBooks Inks Tax Integration Deal. Small business accounting platform FreshBooks recently announced an agreement to integrate with Taxfyle , a data sharing arrangement that aims to automate tax prep for small business owners. Xero, Square Integrate For Faster Invoice Payments.

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xendoo

DECEMBER 15, 2021

Catch up bookkeeping accelerates business growth by increasing financial visibility, which enables business owners to make decisions based on accurate information and remain tax-compliant throughout the year! In this blog post, we are exploring the top 5 benefits of catch up bookkeeping ! . Tax Compliance.

bookkeeping 69

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Ryan Lazanis

APRIL 4, 2022

In fact, these are the very steps that I followed to help take my heavily bookkeeping-focused accounting business from scratch to sale in only 5 years. Marketing your bookkeeping services to find new clients. But first, you’ll need a productized service that you can market to get clients. What is a Productized Service?

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xendoo

AUGUST 2, 2021

For example, some companies might have a greater need for professional help when preparing their taxes, but less during the remainder of the year. . You may soon discover that tax preparation takes a considerable amount of time and attention, both of which could be better spent on growing your business. IT auditing.

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Going Concern

MARCH 24, 2023

Tax The IRS plans to tax some NFTs as collectibles — and the rich would pay up to 28% on profits [ CNBC ] The IRS said it plans to tax some non-fungible tokens, or NFTs, as collectibles akin to art or gems — an approach that would tax profits for wealthy owners at a higher rate relative to assets such as stocks, real estate and cryptocurrency.

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xendoo

FEBRUARY 24, 2021

Small business bookkeeping services can support you with everything from simple data entry to offering more in-depth tax filing services and business consulting. Bookkeepers can help you with the big picture aspects of running a small business, such as reviewing options for how to finance your business.

bookkeeping 52

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Basis 365

SEPTEMBER 28, 2023

Cost-Effectiveness Outsourced bookkeepers do not work for the company. Outsourced bookkeepers will save you money on employment costs. Also, you won't have to pay taxes, health insurance, or bonuses. Outsourced bookkeepers will not be your direct employees. Outsourced bookkeeping services have lower overhead costs.

bookkeeping 52

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AccountingDepartment

DECEMBER 28, 2021

You might want to make changes before the new fiscal year or tax year starts. Here are some of the ways you can benefit from outsourced accounting services. Many smaller businesses only have a CPA that handles their tax return. You might also just have more time available as business slows for the holidays.

accountant 98

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xendoo

APRIL 13, 2022

You plan to get funding through investors or business loans and need accurate financial statements. You’re spending a lot of money hiring full-time, in-house bookkeepers or a local bookkeeper. You aren’t sure about your current cash flow or financial health. Providing answers to your financial questions.

bookkeeping 52

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xendoo

JANUARY 11, 2021

For example, a bookkeeper that does routine data entry charges less than a CPA (Certified Public Accountant) who’s highly qualified to advise on business strategy or tax planning. “How much do accountants charge for year-round bookkeeping services?” “How much do accountants charge to do taxes?”

accountant 52

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xendoo

MAY 19, 2021

Handling your own bookkeeping and accounting may seem like an easy corner to cut, but the chances are that you’ll pay for it in one way or another. . You simply might not be able to give your books the time and attention you need—a problem that can snowball out of control and leave you with a disaster once tax season approaches.

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Anders CPA

JUNE 17, 2024

When a small business reaches this stage, they need something more than simple bookkeeping services or a subscription to some accounting software like Quickbooks, but most aren’t ready to invest in a full-time in-house accountant , CPA or CFO. Considering outsourcing your accounting services?

accountant 59

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AccountingDepartment

FEBRUARY 9, 2023

It's more comprehensive than outsourced accounting as the CPA won't just handle tax returns or simple finances. CAS covers a multitude of financial options within a business. Instead, they will become integral to a business’s processes and strategy.

accountant 98

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Basis 365

APRIL 10, 2024

This practice encompasses a broad spectrum of services, ranging from basic transaction coding and bank reconciliations to managing accounts payable/receivable and preparing financial statements. These professionals are adept at navigating the complexities of financial record-keeping, tax codes, and regulatory compliance.

bookkeeping 59

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LyfeAccounting

NOVEMBER 3, 2020

Every year, more than 2 million taxpayers overpay their income taxes. This could be due to poor tax planning, or because they’re missing some of the biggest business tax write-offs. Meanwhile, the top 1% are using the tax law to their advantage to minimize their tax liability, oftentimes leaving us clueless….

Tax 52

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Basis 365

APRIL 13, 2023

One essential aspect of a successful business is bookkeeping, which involves keeping track of financial transactions, managing accounts, and preparing financial statements. These experts are trained to handle various financial tasks, including recording transactions, reconciling accounts, and generating financial reports.

bookkeeping 52

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xendoo

MARCH 18, 2021

It’s time to go beyond merely tracking the ins and outs of your books and to start focusing on accounting and the financial health of your growing business. Choosing an online accounting service for your small business is the best way to keep your books updated, in compliance, and thriving. Need to finalize your marketing budget?

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LyfeAccounting

FEBRUARY 14, 2021

In Fortune 500 corporations, CPAs might help prepare annual reports for shareholders and record very complex financial transactions. In small businesses, CPAs might help you select the best entity, hire your first employee, tax plan, create a budget, set your pricing, prepare financial projections, or oversee your books.

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xendoo

MAY 16, 2023

The best way to avoid headaches during an IRS audit is to keep accurate business records and bookkeeping year-round , and that includes tracking receipts. Receipts are a paper trail for your business transactions and taxes. Without them, it’s harder to prove your tax deductions and other records are accurate.

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