Taxfyle | Bench

Questions & answers

What are the benefits of using Taxfyle’s bookkeeping services?

Online bookkeeping services offer several benefits, such as convenience, accessibility, and cost-effectiveness. Rather than needing to find the right person to manage your books, Taxfyle will connect you to a Pro who can meet your needs. Along with having your books managed monthly, your Pro may also be able to file your business’s taxes through a bundled service to alleviate you from more work. You can also purchase cleanup services for prior year bookkeeping that have not been reviewed.

How can bookkeeping services help my business?

Bookkeeping services can help your business by providing accurate financial data and reports, enabling you to make informed decisions about budgeting, cash flow management, and business growth. By enlisting an accountant as your bookkeeper, you have an opportunity to shed some of the usual burdens of day-to-day bookkeeping tasks. Instead of shouldering the work yourself, your bookkeeper will be able to deliver regular insights into how your business is performing so that you can use that information to help your business grow how you desire.

How do bookkeeping services help with tax preparation?

Bookkeeping services can help with tax preparation by ensuring that your financial records are accurate and up-to-date. This makes it easier to calculate your tax liability, identify deductible expenses, and file your tax returns accurately and on time. With Taxfyle, you can bundle your bookkeeping and tax filing work together to optimize your experience on our platform.

Why do small businesses need bookkeeping services?

Small businesses need bookkeeping services to ensure accurate and up-to-date financial records. This is essential for making informed business decisions, preparing tax returns, and meeting financial reporting requirements.

When would I need a cleanup?

If your books are disorganized or need corrections, our clean-up service will get your books back in order.

What data will I be able to recover?

On Bench website, by December 30th, you’ll be able to enter your Bench login credentials to download your current and prior year-end financials, as well as any documents you’ve uploaded such as receipts and bank statements. (Source: bench.co)

Should I file a tax extension?

We recommend filing a tax extension to give you 6 months of additional time to find the right bookkeeping and tax partner and file your taxes. You can read the IRS Guide on how to file your 2024 extension. (Source: bench.co)

How long do I have to download my data?

You will have until Friday, March 7th at 5:00pm ET to download your Bench data from Bench.co website. (Source: bench.co)

What should I do if I'm a Bench Tax Customer?

For continued support with your bookkeeping, we recommend exploring us to handle your ongoing needs. At Taxfyle, we can also connect you with a Pro (a trusted tax professional) to assist with your Federal and State tax filing needs once you’ve recovered your Bench data. We’re here to make this transition as smooth as possible and ensure you stay on track.

Switching from Bench? We make it easy.

Connect with us today!

Recognized by

Questions & answers

Need more assistance?