Tax filing and preparation has always been a challenging task for small business owners. Not only it is complicated riddled with many intricacies, but it also puts an extra burden on the workforce without any additional benefit. Add the slew of business tax updates and tweaks in the wake of COVID-19 pandemic, the complexity of […]
Quick Books is widely considered as a powerful accounting software applications available today for businesses of all sizes and types. By simplifying and streamlining the accounting and reporting, QuickBooks available now is different versions make the entire process of financial management simple. We folks at Outsourced Bookkeeping use it extensively for our bookkeeping and accounting […]
The tax filing season has begun and 1099 reporting is soon approaching its deadline. And our accounting team at Outsourced Bookkeeping has successfully helped hundreds of businesses get over the line with accurate and efficient 1099 reporting in shortest possible time. Our accounting team has significantly cut the cost, saved time, got rid of the […]
If you are one among the 50 million+ independent contractors or freelancers then there you sure must be aware of the impending arrival of 1099s and W-2s from your clients or employers this month. While no one is a fan of these tax forms, they can be quite complex right from on the onset and […]
Imagine toiling hard for days at a stretch to get your taxes done digging all the financial data possible and on a fine day you receive a mail from IRS about the mistake in your tax filing. While the mistake can be rectified, it can invite penalties, delay your tax refund or even invite IRS […]
Tax season 2020-21 is going to be one of the most complex tax seasons in recent years. Be it due to the updated tax rules and regulations, change in the way business operated, and tax provisions provided by CARES Act for businesses and individuals, the tax planning for the year has to be reconsidered with […]