There’s no need to manually send any documents to Bench since your company’s financial accounts are linked to your Bench account. Taxfyle experts have an average of 15 years of experience and, like all Bench employees, have passed background checks and are US-based. At the end of each year, their partners at Taxfyle will file your return. If you neglected your books for up to two years, you can add Historical bookkeeping to any standard Bench plan. When you integrate your Bench account with a payment processor, all of your transactions will automatically sync to Bench.
#Bench bookkeeping add ons software
Bench’s software integrates with popular payment processors including Stripe, Square, Shopify, PayPal, and Amazon. They are a full-service back office accounting solution that can even include HR and payroll. Bench Accounting is best for freelancers and small businesses that have basic bookkeeping needs, such as providing cash-basis financial statements for tax return preparation.īookkeeper360 is worth consideration if you’re looking for more add-ons and customization. If your bookkeeper has any questions about a particular transaction, they’ll send you an in-app message. This will be completed within 15 business days, which allows time for any adjustments. Each month, your bookkeeper will import all of your business transactions and categorize them, then reconcile your bank accounts and prepare financial statements. You can sign up for the Premium plan and Bench will prepare the tax return for you. Your dedicated bookkeeper for your business will handle the time-consuming aspects of bookkeeping for you.Īt tax time, they will send a year-end financial package with all the information you need to prepare your tax return. If your business grows, you may have to switch to accrual-basis accounting system. For businesses with over $5 million in revenue, accrual-basis bookkeeping is required by the IRS. You can also add on personal filing for one partner for S-corps, C-corps, and partnerships for $45 per month.
Personal federal and state income tax filings are also included for sole proprietors in the Premium plan.
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