Deadlines
  • UAESep 30: Corporate tax return and payment due for calendar-year taxpayers
  • IndiaSep 30: DIR-3 KYC filing due for company directors
  • IndiaSep 30: Tax audit report (Form 3CA/3CB-3CD) due
  • IndiaOct 7: TDS/TCS deposit due for the previous month
  • IndiaOct 11: GSTR-1 filing due for monthly GST filers
  • USOct 15: Extended Form 1120 and Form 5472 returns due
  • IndiaOct 20: GSTR-3B and GST payment due for monthly filers
  • AustraliaOct 28: Quarterly BAS lodgement and payment due
  • IndiaOct 30: LLP statement of account and solvency (Form 8) due
  • AustraliaOct 31: Individual tax return due for self-lodgers
  • UKOct 31: Paper Self Assessment return due
  • IndiaOct 31: Income tax return due for companies and audit cases
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business

Bookkeeping for Small Business

By BookMyLLC ExpertMarch 2, 20267 min read
Bookkeeping for Small Business

Bookkeeping Basics for Small Business Owners

Proper bookkeeping keeps your LLC compliant and helps you make informed business decisions.

Essential Bookkeeping Practices

Separate personal and business accounts. Track all income and expenses. Categorize transactions properly. Reconcile bank statements monthly. Keep receipts and invoices organized. Use accounting software (QuickBooks, Xero, Wave).

When to Hire a Professional

If your LLC has multiple members, complex transactions, inventory, or if you're spending more than 5 hours per week on bookkeeping, consider hiring a professional.

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