This feature saves you the time and effort of manually uploading documents. We don’t sync your financial data from any other bookkeeping software. A year end package with everything you need to file comes standard with Bench. Upgrade your plan, and cross even more off your to-do list. With our Bookkeeping & Tax plan, you get expert tax prep, filing, and year-round tax advisory support. In the lead-up to tax season, Bench sends reminders to inform us if you need a 1099 report.
Why does Bench Need Documents From Me?
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If your bookkeeper sees a charge that they don’t recognize, you’re provided with a simple widget to make notes about what the purchase was. Communicating with your bookkeeper is also extremely simple thanks to their message portal inside the dashboard. Here’s a peak inside of my account from 2016 (click on the image to expand on desktop to really see things). Unlock extra savings at Bench with these exclusive offers. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. Here is a list of our partners and here’s how we make money.
Customized support for your small business tax needs
A huge part of saving money for business owners is ensuring that you’re paying your taxes correctly. Failing to do this can lead to massive fines or unexpected bills from the IRS long after you spent the money that was supposed to be used on taxes. I’ve found that with Bench.co, and I want to share with you why I recommend them in this quick Bench.co review. Bench.co is a subscription bookkeeping service that allows you to work with your own personal bookkeeper for one flat rate per month.
That said, we recommend keeping any previous bookkeeping on hand in case you need to make adjustments around tax time. We’ll work with you to connect accounts and pull the data we need to reconcile. Accounting is a high-level process that uses financial information compiled by a bookkeeper or business owner, and produces financial models using that information.
- Each customer’s main point of contact is a dedicated in-house, professionally-trained bookkeeper, based in North America.
- Because of this, it’s very important to review the questionnaire as soon as possible.
- This means you would pay the same amount as your tax obligation last year, throughout the current tax year.
Learn how to build, read, and use financial statements for your business so you can make more informed decisions. Easy-to-use templates and financial ratios provided. Not sure where to start or which accounting service fits your needs? Our team is ready to learn about your business and guide you to the right solution.
If you’re unhappy with your current bookkeeping solutions, I highly recommend giving them a test drive. Click here to start a free trial and see for yourself. They get the transactions from integrations you set up with your payment processors. Before I found Bench.co, I had been audited multiple times and each one was more painful than the last.
You’ve heard of “spend money to make money,” but what about “spend money to save money?” That’s the case with tax deductions and you won’t want to leave any on the table. The safety of your private data is our top priority, that’s why it’s protected by 256-bit SSL encryption — the gold standard in Internet security. FreshBooks is cloud based and uses industry – leading secure servers.
Every report accessible in the Bench platform can be exported to an Excel file for easy sharing with anyone from business partners to accountants. Reviews are not provided or commissioned by the credit card, financing and service companies that appear in this site. You can send a message to your Bench team from your computer or the app at any time, and your bookkeeper will reply within one business day. You can also schedule a time for your bookkeeper to call you at no additional charge. Bookkeepers are available Monday through Friday during “normal business hours PST,” according to Bench’s website. Your Bench Tax Advisors are available year-round, and will answer your questions in two business days or less.
Each Bench bundle has a different set of services that are customized to your business’ needs. It is normal for your business’ needs to change over time and when that happens, we’ll be bench tax login here to support your move into the subscription that works for you. FreshBooks automates lots of your accounting so you can spend more time focusing on your work and your clients.
If Bench’s lack of accounting integrations is a concern, instead consider QuickBooks Online with QuickBooks Live full-service bookkeeping added on. In general, the QuickBooks platform is more scalable and widely used among accountants, so it could be a better solution for a rapidly growing business. The service starts at $200 per month and requires a one-time cleanup fee. QuickBooks Online is an additional monthly cost, starting at $30. When your bookkeeping is done for the month, you’ll receive a message. At that point, you can view your financial statements and account information online.