Popular American business GoDaddy provides online services like site hosting and domain registration. GoDaddy also provides bookkeeping services for small business owners in addition to these services. If you’re considering employing GoDaddy’s bookkeeping services, you obviously have financial concerns.
Depending on the package you select, GoDaddy bookkeeping has a range of prices. Get Paid, Essentials, and Premium are the three distinct plans that GoDaddy provides. Invoicing and payment tracking are both included in the $4.99/month Get Paid package. The invoicing, payment monitoring, and time tracking features of the $9.99/month Essentials plan are available. All of the capabilities of the Essentials plan are available in the $14.99/month Premium plan, along with project tracking and sophisticated reporting.
GoDaddy bookkeeping is a fantastic choice if you’re a small business owner who wants assistance managing your cash. It’s crucial to keep in mind, though, that using the service can incur additional costs. For instance, there will be a transaction fee if you need to accept credit card payments. In addition, GoDaddy charges extra for tax filing services if you require assistance with your taxes.
If you worked for clients who paid you more than $600 during the tax year, you might get a 1099 form if you were a freelancer or independent contractor. You must still report all of your revenue to the IRS even if you don’t get a 1099 form from a client. Penalties and fines may apply if you do not declare all of your income. People also inquire about how to submit a 1099 online.
The IRS website or tax software can be used to submit a 1099 form online. The process of filing your 1099 form will be walked you through if you’re utilizing tax software. You must create an account and follow the instructions if you’re filing directly through the IRS website. How Can I Tell If My 1099 Has Been Issued?
If a client is supposed to have sent a 1099 form but you haven’t received one, you should get in touch with them and find out. It’s conceivable that the procedure had a mistake or was delayed. If you have received money for services that call for a 1099 form, you can also examine your records. You can ask the IRS for advice if you’re still confused.
To sum up, GoDaddy bookkeeping offers a variety of packages to suit the requirements and financial capabilities of small business owners. It’s crucial to keep in mind, though, that using the service can incur additional costs. Additionally, even if you don’t receive a 1099 form, it’s crucial to report all of your income if you work as a freelancer or independent contractor. You can file a 1099 form online on the IRS website or through tax software, and if you need help, you can call the IRS.