Tag: business taxes
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Transaction Reconciliation Sucks. Now, You Can Automate it Instead.
There’s a difference between what you know about your business’s finances and what your bank knows. Balancing out the difference is a process called “transaction reconciliation.” Doing it manually sucks time, energy, and momentum out of your day-to-day. But with Neat, you can reclaim that precious time and energy by automating the task. The many…
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How a Bookkeeping App Lets You Complete Bookkeeping Tasks in Minutes, Not Hours
As a small business owner, you’re starved for time. Seventy percent of small business owners say they’re even too busy to eat during the day. One significant time- (and lunch-) stealing activity? Bookkeeping. Forty percent of small business owners report spending 80 hours per year on accounting and tax prep. Manual tasks like categorizing transactions…
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Ask the Expert: The CFO’s Guide to Reducing Business Costs
According to the Small Business Credit Survey, 19% of small business owners are hard-pressed to find funds to keep the lights on. While making more revenue would obviously be the ideal solution, reducing business costs is often necessary to ensure the survival of your small business. At Neat, we’ve had to reduce business costs many…
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Small Business Tax Preparation Checklist (2020)
If you’re like most small business owners, you’re looking for ways to save money and avoid potential problems with the Internal Revenue Service (IRS). Whether this is your first time filing taxes for your small business or you’re a seasoned business owner interested in maximizing business deductions, we’ve got you covered. In fact, if you’ve…
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Deduction Tips for Tax Day
Mark your calendars, April 15th will be here before you know it. Looking ahead for ways to prepare for Tax Day, keep in mind there are a few write-offs that are often overlooked. Claiming deductions is a great way to reduce your income tax bill come tax time. Claiming deductions can free up additional money…
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Independent’s guide to the 20 percent pass through deduction
As an independent, freelancer or 1099-er you may have been keeping a close watch on tax time this year as there are some significant changes to business tax code that could put extra money in your hands this year. If you can’t implement these tips this year, make sure you use them going forward so…
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Making Sense of Your 2018 Business Taxes
Part of winding down any calendar year includes preparing and filing your 2018 Business Taxes. Due to recent changes to the tax code, navigating tax filing as a small business owner can be confusing. Here, we’ll discuss the particulars of how to navigate filing your 2018 small business tax return.
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Important Tax Deadlines for filing 1099s
Here, we’ll lay out some important deadlines for W-2s and 1099s to keep you and your business compliant, and avoid the fees levied on business owners who fail.
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3 Small Business Tax Audit Triggers: Red Flags the IRS Looks For
As a small business or sole proprietorship, taxes are unavoidable. Here, we’ll discuss the top three business audit triggers the IRS will be looking for, how to avoid them, and how to prepare for an audit if they’re inevitable for your business.
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Seven steps to Audit-Proof your small business
As the year comes to a close, small businesses should begin thinking about cleaning house and getting their finances in order so they can hit the ground running in 2018. Regardless of the type of small business you operate, getting your financial house in order can go a long way to ensure you maximize your…