How can Novo Bookkeeping help me with my taxes?
While we can't help file your taxes or offer specific tax advice, we do offer built-in tools to make tax season easier for your business.
Here is how your Novo account helps you be ready:
Reserves: You can set up a Reserve to automatically set aside a percentage of your income, specifically for taxes.
Bookkeeping: This feature automatically categorize business expenses for you. so you can easily track potential write-offs.
Connect accounting tools: Seamlessly connect your Novo account to apps like QuickBooks, Square, and Xero.
Easy Exports: Ddownload your monthly statements, generate Profit & Loss reports, and export transaction activity as a CSV for your accountant, all in a few clicks.
For specific tax-related question, we always recommend consulting directly with a certified tax professional or the IRS.