The report itself is designed to provide you or your tax professional with all the necessary information to complete all 1099 filings. And since tax time stress isn’t limited to tax season, year-round tax advisory services comes standard. Our licensed tax professionals are on hand for all your tax planning needs. With check-ins throughout the year, your tax team leaves no deductions behind. Your bookkeeping team reconciles your accounts, categorizes your transactions, and produces your financial statements. They also make adjustments to your books to ensure they’re accurate and tax-compliant.
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This may include changes to your business structure, the sales of a property, or a new address. To ensure the utmost accuracy in preparing your tax filing, every year we check in with you to confirm what remains accurate and what has changed. When your bookkeeping is up-to-date, you avoid scrambling to get caught up before the tax deadline, or missing out on any deductions.
How do I file my 1099 forms?
Book a demo today to see what running your business is like with Bench. Capturing your most up to date information is a critical bench tax login step in your tax filing process. Because of this, it’s very important to review the questionnaire as soon as possible.
- Occasionally your bookkeeper might need your input on things like categorizing a transaction properly, but we try our best to make bookkeeping as hands-off as possible for you.
- It’s best for freelancers or small businesses with relatively straightforward financials.
- We keep everything organized for you, every step of the way.
- Easy-to-use templates and financial ratios provided.
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When it’s ready, we’ll reach out to you for the “all clear.” Then, we’ll file your taxes and pull funds directly from your account to pay any applicable taxes. Each month, your bookkeeping team — made up of three in-house Bench employees — will categorize all your transactions, reconcile your bank accounts and prepare financial statements. This process is completed within 15 business days once you’ve sent all the necessary documents. Once we have everything set up, we’ll complete a month of your bookkeeping. Our bookkeepers reconcile your accounts, categorize your transactions, and make necessary adjustments to your books. The end result is a set of accurate financial statements—an income statement and a balance sheet.
Need to file Form 1099?
It’s been trustworthy and has saved me a lot of time and money. For S-Corps, C-Corps, and Partnerships, you can add-on personal filing for 1 partner or shareholder for just $59/mo when billed annually or $69/mo when billed monthly. We use our own proprietary software to complete your books. You won’t need any other software to work with Bench—we do everything within the platform. If getting your books caught up is your priority, our Catch Up and Retro bookkeeping teams will work with you to get your books in order, fast.
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All reports can be easily exported to an Excel file to share with your accountant or future bookkeeping provider. We can fully wipe your data, too—at the end of the day, it’s your info and your call. You can also book a call with your bookkeeper (or send them a message) whenever you’d like. There’s no extra fee or hourly charges for support—we’re always happy to nerd out about bookkeeping and your financial statements. After you sign up to Bench, a member of our bookkeeping team will assist you in connecting all your financial accounts securely to our platform. This enables you and your Bench team to work together seamlessly from the start.
The deadline to request a 1099 report for the 2023 tax year is December 11, 2023. Any requests after the deadline will be handled on a first-come, first-served basis. Maximize your business’s financial health with Bench Accounting. Enjoy a free month of expert bookkeeping and focus on growth, not numbers. If your gross income exceeds $150,000, you can avoid potential penalties by paying 110% of your previous year’s tax obligation as your estimated payments for the current year.
You can avoid an IRS underpayment penalty by paying 100% of your business’s tax liability from the previous year as estimated payments for the current year. This means you would pay the same amount as your tax obligation last year, throughout the current tax year. We try our best to keep you with the bookkeeping team you’re assigned when you come on board. If there’s any change in your bookkeeping team, we’ll let you know as soon as possible and make sure the transition is a smooth one. Instead of importing your books, we use your bank statements as our source of truth.
We believe everyone should be able to make financial decisions with confidence. Or, let us handle the year end prep and filing for you with BenchTax. No waiting for hours on hold—just helpful customer service from real people. Message your team any time, or book a call whenever you like. For S-Corps, C-Corps, and Partnerships, you can add-on personal filing for one partner or shareholder for just $59/mo when billed annually or $69/mo when billed monthly.
If you’re switching from QuickBooks, we’ll work from your closing balances to do your bookkeeping going forward. If you’re not sure whether your closing balances are accurate, we recommend chatting with one of our Onboarding Specialists about Catch Up bookkeeping. You won’t need any other software to work with Bench—we do everything within our easy-to-use platform. Learn more about Bench, our mission, and the dedicated team behind your financial success. Get free guides, articles, tools and calculators to help you navigate the financial side of your business with ease. Empower yourself with knowledge and practical tips.
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