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7 Steps to An Easy Tax Time

As tax season approaches, getting your financial documents and records in order is crucial to ensure a smooth and accurate filing process. Here’s a step-by-step guide to help you prepare effectively:   Obtain Your W-3 Form:  Your W-3 form consolidates all individual W-2 forms, reporting employee wages and tax withholdings into one comprehensive

Read More

A Beginner’s Guide to LLC Taxation

Understanding and making the most out of LLC tax could be challenging for most small to medium business owners. Taxation is a key component of any business’s success, and understanding this subject could make a business more successful. Moreover, finding a reliable LLC tax accountant, how to go about filing LLC tax, how

Read More

Tax Preparation for E-commerce Businesses

In the fast-paced world of e-commerce, success hinges on the quality of products and services and adept financial management. With tax season approaching, maintaining accurate financial records becomes imperative. With potentially complicated regulations and potential deductions, e-commerce entrepreneurs face unique challenges in tax preparation. This comprehensive guide aims to demystify the process, offering

Read More
A broker goes over his taxes for his real estate business.||

How to Prepare Your Business for Tax Time

Planning ahead is always a good business strategy, especially when it comes to taxes. Adopting a proactive strategy can help you stay ahead of business tax filing deadlines, avoiding the rush and the headache during tax season!  To help business owners prepare their tax, we’ve prepared a business tax filing guide to walk

Read More
llc vs s corp

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

One of the most important decisions for business owners is which type of business entity to form. Your business structure impacts your tax savings, accounting practices, and how you pay yourself.  Examples of business structures include:  Businesses often weigh the pros and cons of forming an LLC vs. S corp. xendoo does online

Read More
how far back can irs audit

How far back can the IRS audit?

Generally, the chances of the Internal Revenue Service (IRS) auditing you are low. For most taxpayers, the audit rate is less than 1% to 2%. However, businesses tend to have more complex tax returns, so auditing is a concern. How far back can the IRS audit you? Typically, the IRS only goes back

Read More
a person looking at papers

What happens if you miss the tax deadline?

There’s a lot to keep track of when you run a business. Many business owners look at their calendars halfway through April and realize that they missed their tax deadline. If this happened to you, it’s not too late to take action. You might be wondering: What happens if you miss the tax

Read More
what happens if you get audited and don't have receipts

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

Most small businesses are unlikely to go through an IRS audit, but it’s possible.  What happens if you get audited and don’t have receipts to back your expenses? It’s a common question and concern for many business owners.  The best way to avoid headaches during an IRS audit is to keep accurate business

Read More
two people in an office

How To Fill Out Form 1065

Form 1065 is the end-of-year tax form for small businesses that operate as partnerships. So if you registered your business entity as a partnership, you must file the form at the end of your company’s tax year.  With all the responsibilities that come with running a business, it can be difficult to stay

Read More

7 Steps to An Easy Tax Time

As tax season approaches, getting your financial documents and records in order is crucial to ensure a smooth and accurate filing process. Here’s a step-by-step guide to help you prepare effectively:   Obtain Your W-3 Form:  Your W-3 form consolidates all individual W-2 forms, reporting employee wages and tax withholdings into one comprehensive

Read More

A Beginner’s Guide to LLC Taxation

Understanding and making the most out of LLC tax could be challenging for most small to medium business owners. Taxation is a key component of any business’s success, and understanding this subject could make a business more successful. Moreover, finding a reliable LLC tax accountant, how to go about filing LLC tax, how

Read More

Tax Preparation for E-commerce Businesses

In the fast-paced world of e-commerce, success hinges on the quality of products and services and adept financial management. With tax season approaching, maintaining accurate financial records becomes imperative. With potentially complicated regulations and potential deductions, e-commerce entrepreneurs face unique challenges in tax preparation. This comprehensive guide aims to demystify the process, offering

Read More
A broker goes over his taxes for his real estate business.||

How to Prepare Your Business for Tax Time

Planning ahead is always a good business strategy, especially when it comes to taxes. Adopting a proactive strategy can help you stay ahead of business tax filing deadlines, avoiding the rush and the headache during tax season!  To help business owners prepare their tax, we’ve prepared a business tax filing guide to walk

Read More
llc vs s corp

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

One of the most important decisions for business owners is which type of business entity to form. Your business structure impacts your tax savings, accounting practices, and how you pay yourself.  Examples of business structures include:  Businesses often weigh the pros and cons of forming an LLC vs. S corp. xendoo does online

Read More
how far back can irs audit

How far back can the IRS audit?

Generally, the chances of the Internal Revenue Service (IRS) auditing you are low. For most taxpayers, the audit rate is less than 1% to 2%. However, businesses tend to have more complex tax returns, so auditing is a concern. How far back can the IRS audit you? Typically, the IRS only goes back

Read More
a person looking at papers

What happens if you miss the tax deadline?

There’s a lot to keep track of when you run a business. Many business owners look at their calendars halfway through April and realize that they missed their tax deadline. If this happened to you, it’s not too late to take action. You might be wondering: What happens if you miss the tax

Read More
what happens if you get audited and don't have receipts

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

Most small businesses are unlikely to go through an IRS audit, but it’s possible.  What happens if you get audited and don’t have receipts to back your expenses? It’s a common question and concern for many business owners.  The best way to avoid headaches during an IRS audit is to keep accurate business

Read More
two people in an office

How To Fill Out Form 1065

Form 1065 is the end-of-year tax form for small businesses that operate as partnerships. So if you registered your business entity as a partnership, you must file the form at the end of your company’s tax year.  With all the responsibilities that come with running a business, it can be difficult to stay

Read More