Income Tax Preparation Online Service

Happy New Year from Taxeasy! Start 2025 with clarity and confidence in your finances! Let us handle your bookkeeping so you can focus on growing your business: Accurate Records Stress-Free Tax Prep Tailored Solutions for Your Needs Make this your best year yet! Contact us today to get your books in perfect shape for the year ahead!

Why is CFO / Bookkeeper important? Whether you're looking to scale your business, improve cash flow, or simply maintain clean books, having the right financial leadership is critical to long-term success. Here are 3 easy steps to stay on top of it: Improved Financial Clarity: With the guidance of a CFO, your business will develop strategic budgets and forecasts that align with your growth goals. Risk Management: A CFO can assess your financial vulnerabilities and implement risk management strategies, from securing better credit terms to ensuring compliance with financial regulations. Cost Control & Profitability: A CFO will identify areas where your business can cut costs without compromising on quality, improving profitability. They'll analyze financial data to highlight inefficiencies and implement cost-saving measures. Partnering with a CFO can make a massive difference in the financial health and scalab...

The Importance of Bookkeeping in E-commerce: Bookkeeping is the systematic recording and organizing of financial transactions in your business. For e-commerce, this process involves tracking sales, expenses, inventory, and other financial data. Here are 3 easy steps to stay on top of it: High transaction volume: Online businesses often experience a high volume of transactions, especially during peak sales periods. Accurate tracking of each sale, return, and refund is essential. Inventory Management: For e-commerce, inventory is a critical asset. Bookkeeping helps track inventory levels, ensuring you have enough stock to meet customer demand without over-purchasing. By maintaining accurate records, you can optimize your stock levels, reducing storage costs and avoiding out-of-stock situations. Cash Flow Management: Cash flow is the lifeblood of any business. In e-commerce, where costs can quickly add up—from inventory purchasing to platform ...

How to Track Your Online Sales Efficiently! Tracking your sales is essential for knowing where your revenue is coming from and optimizing your business. Here are 3 easy steps to stay on top of it: Use Payment Processor Reports: Platforms like PayPal, Stripe, and Shopify provide detailed sales reports. Review them monthly! Centralize Your Data: Integrate all sales channels into one bookkeeping software like QuickBooks or Xero. Monitor Refunds & Discounts: Make sure to subtract refunds and track discounts to get an accurate view of your profits. Save this post for future reference and keep your finances organized! Schedule consultation with TaxEasy for bookkeeping Now! #OnlineBusinessTips #EcommerceBookkeeping #TrackSales #BookkeepingMadeEasy

The income and expenses of a self-employed person, small business owner, freelancer, or independent contractor during the year may not always turn out exactly as planned. You may be having an unexpected banner year and need to increase your quarterly payments, or maybe your business is taking longer to get up to speed than you hoped, and you may not need to pay as much as you thought. Let’s look at how you can adjust your self-employed estimated tax payments to prevent underpaying or overpaying your income tax and self-employment tax during the year. If you estimate your quarterly tax liability very carefully, you may need to pay a slightly different dollar amount each quarter. To make sure you pay the right amount of estimated taxes, the most important thing is keeping up with your bookkeeping every quarter — not just at the end of the year. For instance, if you overpaid in tax the previous year and anticipate making roughly the same amount this year, you might be able to lo...

  Eligible contractors who build new energy efficient homes or substantially reconstruct existing homes into qualified energy efficient homes may be eligible for a tax credit up to $5,000 per home . The exact amount of the credit depends on eligibility requirements such as the type of home, the home's energy efficiency and the date when someone buys or leases the home. To claim the credit, contractors have to: Construct or substantially reconstruct and rehabilitate a qualified home. Own the home and have a basis in it during construction. Sell or rent it to a person for use as a residence. For a home to qualify, it must be: A single family home, including manufactured or multifamily homes, as defined under certain Energy Star program requirements. Located in the United States. Purchased or rented for use as a residence. Certified to meet applicable energy saving requirements based on home type before the home is sold or leased to someone for use as a home. For homes acquire...