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.

Should Your Business Start Accepting Cryptocurrency as Payment? Pros and Cons

Book a demo today to see what running your business is like with Bench. Capturing your most up to date information is a critical step in your tax filing process. Because of this, it’s very important to review the questionnaire as soon as possible.

Bookkeeping just got more affordable

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.

We’re helping thousands of small business owners like you

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.

How do I file my 1099 forms?

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.

Get started with America’s trusted bookkeeping service

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 bench tax login 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.

• With check-ins throughout the year, your team leaves no tax deductions behind.
• It includes both the monthly discount outlined above, as well as an additional 10% discount for selecting a yearly plan.
• You can add any amount of Catch Up bookkeeping to a standard Bench plan.
• That said, we recommend keeping any previous bookkeeping on hand in case you need to make adjustments around tax time.

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.

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.

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. With FreshBooks both you and your team can collaborate on and track time towards the same projects and clients. Your team members can also help you with your accounting by creating invoices and tracking their expenses. Bench.co has been great for me, and it will be for many of you, too.

A few thousand dollars here and $35,000 there…I can tell you from experience, there are few things as upsetting in business as this. If you’ve ever received an audit from the IRS, you know that it feels like a literal punch in the gut. The only feeling I can really compare it to would be playing high school football and being blindsided by a D1 commit. I switched over my bookkeeping to Bench in 2016 and haven’t looked back.

Bookkeeping is the process of recording daily transactions in a consistent way, and is a key component to building a financially successful business. Bookkeepers take care of the day-to-day financials, like posting credits and debits, maintaining the general ledger, and completing payroll. Discover how we can help you have better finances with a personalized demo from a Bench expert, ready to answer all your questions. For an additional fee, Bench provides overdue bookkeeping services and can finish a year’s worth of bookkeeping in about two to four weeks. This could be helpful if you’ve been behind on your books all year and tax deadlines are approaching. It’s best for freelancers or small businesses with relatively straightforward financials.