For businesses that have fallen behind on their bookkeeping, Bench offers a catch-up service to bring your books up to date quickly and efficiently. Your specific information plays a critical role in your tax filing. Since we last captured this information, details about your business might have changed. This may include changes to your business structure, the sales of a property, or a new address. To ensure the utmost bench tax login accuracy in preparing your tax filing, every year we check in with you to confirm what remains accurate and what has changed. We believe everyone should be able to make financial decisions with confidence.
- We don’t offer any of those services, but we do partner with other companies (like Gusto and Freshbooks) that specialize in different areas of business admin.
- Otherwise, the program sticks to cash basis accounting.
- Join over 35,000 US-based business owners who have streamlined their finances and have grown their businesses with Bench.
- No matter how far behind you are (yes, even years behind), we can get you caught up quickly.
- If your business hired a contractor and paid them over $600 in the last year, you are responsible for issuing them a 1099-NEC.
- If you run into any issues with connecting your account, please inform your Onboarding specialist or bookkeeper and they will submit an IT Support ticket on your behalf.
Save Yourself More Time, Dollars, and Tax Time Stress
Sign up today and we’ll do one prior month of your bookkeeping and prepare a set of financial statements for free. If you’re switching from QuickBooks, we’ll work from your closing balances to do your monthly bookkeeping going forward. If you’re not sure whether your closing balances are accurate, we recommend chatting with one of our Onboarding Specialists about recording transactions Catch Up bookkeeping. QuickBooks, Xero, and other do-it-yourself bookkeeping software give you a tool to do your own bookkeeping.
Add Bench as a User to Your Payroll
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 Bookkeeping for Veterinarians as our source of truth.
- No waiting for hours on hold—just helpful customer service from real people.
- To ensure that your data can be synced to Bench, you must be assigned a specific set of permissions in your payroll account.
- When it comes to tax filing, there’s a lot of moving pieces.
- You can have invoices automatically generate and send, expenses automatically tracked and even have your payments automatically recorded, all without you lifting a finger.
- Our bookkeepers reconcile your accounts, categorize your transactions, and make necessary adjustments to your books.
Bookkeeping & Tax
That’s what makes our bookkeeping software so powerful. Each customer’s main point of contact is a dedicated in-house, professionally-trained bookkeeper, based in North America. Ultimately, the decision to use Bench Accounting should be based on your specific business needs, budget, and preference for human-assisted vs. purely software-based solutions. With its combination of dedicated bookkeepers and user-friendly software, Bench offers a compelling option for many small business owners seeking to simplify their financial management. One of Bench’s best features is the assignment of a dedicated bookkeeping team to each client.
- We’ll work with you to connect accounts and pull the financial data we need to reconcile your books.
- That’s what makes our bookkeeping software so powerful.
- If you have any questions, you can get in touch with your Bench bookkeepers via in-app message or by booking a call.
- If you successfully apply for an extension, your new filing due date is September 15, 2025.
- It is normal for your business’ needs to change over time and when that happens, we’ll be here to support your move into the subscription that works for you.
- You can also schedule a time for your bookkeeper to call you at no additional charge.
When your bookkeeping is up-to-date, you avoid scrambling to get caught up before the tax deadline, or missing out on any deductions. At the end of each fiscal year, Bench prepares a comprehensive financial package that includes all necessary documents for tax filing. This feature significantly simplifies the tax preparation process. Capturing your most up to date information is a critical step in your tax filing process.