That’s the reason why it wasn’t shocking to learn through research that 40 percent of the U.S. small business owners think that bookkeeping and tax filing are the worst part of business proprietorship. 47 percent hate the expenses involved, while 13 percent are driven crazy by the managerial headaches and the resulting time consumption. Another 13 percent dislike the fact that the whole thing is complicated, 10 percent of them are bored with the ever-changing compliance problems, and 8 percent simply don’t wish to see the paperwork involved.
In fact, because of the consistent complexities, 40 percent of these entrepreneurs are investing more than 80 hours annually on tax filing. Only 28 percent are able to keep it under 21 hours- and it’s solely because they’ve hired dedicated accounting services to do the heavy lifting.
Quite a headache, true? Ok, let me stop you there. It might be tedious, but, you know what’s even more unexciting?
Yes, you’re absolutely right- losing your own business. Accounting is, by far, one of the most important activities as far as running a business is concerned. It not only assists you to keep tabs on all the business financials but also create the foundation for revenue management and informed cost. Therefore, it’s almost impossible to expand your business without a steady accounting framework.
Whether you’re a Shopify seller, a traditional retailer or an e-commerce business growing your online presence, you wish to make sales tax easier. But at the federal, local, and state levels, sales tax regulations are changing quickly. Tax compliance is getting more complicated, with confusing registrations and permits.
BoswickTax is offering sales tax software that automates the tax filing process and the tax calculations for Shopify sellers. At BoswickTax, we provide Shopify Tax return Sandy as well. Our efforts and processes are dedicated to making your business at Shopify succeed.
When working closely with our clientele, we really make the greatest changes as our knowledge and experience are valued throughout the business. We love having a positive influence on entrepreneurs and their businesses.