Bookkeeping and Accounting for Tutors

Searching for a bookkeeper and accountant for your tutoring business? We handle your finances, so you get more time to focus on teaching. Try us for free.

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How Bench works with tutors

Achieve seamless bookkeeping, income tax preparation, and filing done by experts—supported by one powerful platform. Bench integrates effortlessly with tutors' unique needs.

We get you set up

Our team takes the time to deeply understand your tutoring services, answer your queries, assist you in linking your accounts, and demonstrate how Bench can streamline your financial management.

We do your bookkeeping

Every month, your personal bookkeeper diligently organizes your tutoring transactions and prepares financial summaries. If they require any additional information from you, they will promptly reach out.

We deliver tax-ready financials

Our squad of experts is well-versed in national tax regulations and will tailor their strategy to the specific requirements of your tutoring business.

Here’s why tutors like you trust Bench with their bookkeeping and accounting

Get fast, unlimited support from our expert advisors

We provide routine bookkeeping updates for your tutoring business. Have urgent inquiries that can't be delayed? We ensure a response within one business day or less.

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screenshot of Bench support app

Guaranteed accuracy in every detail

Our platform enables you to automate data entries from leading platforms, helping you sidestep frequent errors. We partner with businesses recognised among tutors such as PayPal, Venmo, Stripe, and Square—ensuring that your financial records are always precise.

See where you’re spending. Make smart decisions

Wave farewell to stacks of worksheets and hours spent on manual record keeping—our automation pulls data straight from your linked accounts. Harness the power of insights from one comprehensive dashboard, enabling you to quickly grasp the financial state of your tutoring business and make informed strategic decisions.

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Bench integrates with your favorite small business tools

We sync seamlessly with your financial accounts and tools to keep your books up-to-date and save you the time and effort of manually uploading documents.

Trusted by 25,000+ American small business owners

“Bench helped me replace QuickBooks, and save about 6 hours per month of horrible accounting work, which is priceless.”

CHRIS RONZIO

CEO, TRAINUAL
“This is the first year where it’s tax season and I don’t feel anxious one bit.”

DR. BUKKY KOLAWOLE

FOUNDER/EXECUTIVE DIRECTOR, RELATIONSHIP HQ
“Bench has lifted a giant weight off my shoulders and freed up my time so I can focus on earning money and working with clients, meetings and calls.”

HEATHER SHOLL

FOUNDER, THE VILLAGES GYM
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We know bookkeeping for tutors

When it comes to managing the financial side of your tutoring business, Bench Accounting is your reliable partner. Various types of income and expenses can create complex taxation scenarios for tutors, especially for those providing services across different states. In this light, the ever-changing tax laws and strict record-keeping requirements can be overwhelming. At Bench, we not only offer intuitive bookkeeping software tailored to the specific needs of the tutoring industry, but we also assign dedicated, human bookkeepers familiar with the industry-specific taxes, laws, and potential issues. They can navigate these complexities with ease, providing accurate financial reports and ensuring you meet all necessary tax obligations.

Understanding that tutors often wear many hats, from marketing their services to developing lesson plans, Bench aims to alleviate the stress of managing finances. Save your energy and focus more on imparting knowledge, as we manage the common bookkeeping issues typically encountered in the tutoring industry. These might include tracking various revenue streams, inventorying teaching materials, or handling the financial aspects of hiring additional staff. In short, Bench's mission is to streamline your financial processes, letting you devote more time to the essence of your profession – teaching. By taking care of your bookkeeping and tax responsibilities, Bench makes it easier for you to operate and grow your tutoring business.

Simple, straightforward pricing for everything your business needs.

Get bookkeeping, tax prep, advisory, and filing with Bench's powerful, easy-to-use platform.

Choose Plan

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$249/mo

billed annually

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$399/mo

billed annually

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Essential

Best for those looking for peace of mind and accurate financials done by professional bookkeepers.
$299/mo

billed monthly

Dedicated bookkeeping experts
Accurate monthly books and year-end tax-ready financial packages
P&L, balance sheet and 1099 reporting
Unlimited communication with your bookkeeping team

Premium

Best for those looking for an all-in-one bookkeeping, tax advisory and income tax filing service.
$499/mo

billed monthly

Everything in Essential plan
Dedicated team of licensed tax professionals to file your income tax return on time
Annual income tax filing for businesses (partnerships, S corps, C corps)
Annual income tax filing for individuals (sole proprietors, contractors)

Frequently Asked Questions

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What specific tax deductions can I claim as a private tutor?

As a private tutor, you may be eligible for several types of tax deductions. Some common ones include:

<ul><li>Travel Expenses: If you need to travel to a student’s house or any other location to educate, the cost can be claimed as a travel expense.</li><li>Home Office Deductions: If you use part of your home for teaching or admin work, you can claim a portion of your rent/mortgage, utilities, and internet costs.</li><li>Office Supplies & Equipment: Ink, paper, computers, and other related costs are all tax-deductible.</li><li>Professional Development: Costs paid for career enhancement courses, attending workshops or seminars can all be claimed as tax deductions.</li></ul>

Please remember that tax laws can vary based on your location, so it's always recommended to consult with a professional bookkeeper or tax advisor who's familiar with your specific situation.

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How should I manage my income and expenses as a tutor who is working independently?

Managing your income and expenses as an independent tutor requires clear record-keeping, regular financial reviews, and careful tax planning. First, it's ideal to operate a business bank account separate from your personal account. All income earned from tutoring should be deposited into this account and all business expenses should be paid from here. That way, it's easier to keep track of your finances.

Second, maintain thorough records of your income and expenses. This involves recording the student's name, session date, session length, and rate per hour for income. For expenses, document the date, amount, and purpose of each expense. This record-keeping can be done using a spreadsheet or specialized accounting software.

Third, regularly review your financial situation. Check your income against your expenses and adjust your rates or spending as needed. It's also advisable to have a separate savings account for taxes and to contribute to it regularly, based on your income.

Finally, consider seeking professional help from bookkeepers or accountants who specialize in independent contractors or small businesses. They can provide expertise in areas like tax planning, expense tracking, and financial reporting.

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What specific accounting considerations should I take into account regarding my tutoring service?

The key accounting considerations for your tutoring service include the following:

  • Income Recognition: Tutoring services often receive payment in advance. It is essential to track when to recognize this income accurately in your financial statements.
  • Expense Tracking: This could range from materials and supplies to transportation or room rental costs. Ensure that all these expenses are accurately tracked and categorized for tax purposes.
  • Schedule C Deductions: As a tutoring business, you might qualify for various tax deductions. Working with a knowledgeable bookkeeper can help ensure you're not leaving money on the table.
  • Self-Employment Taxes: If you are a self-employed tutor, you will be responsible for paying self-employment taxes, which an experienced bookkeeper can help you navigate.
  • GST/HST: Depending on the size of your tutoring service and location, you may have to register for the Goods and Services Tax/Harmonized Sales Tax.

By working with a bookkeeper with experience in tutoring services, you can ensure all these factors are properly taken into consideration.

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Does Bench outsource bookkeeping?

Nope! All bookkeeping is completed in-house.

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Will I have one point of contact?

Your bookkeeper will be your main point of contact, but at times you might hear from another member of your team. This is usually when your bookkeeper goes on vacation, is sick, or otherwise unavailable.

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How much time each month will I have to spend managing my Bench account?

We handle the bookkeeping for you but sometimes we’ll need your input, especially at year-end. On average, expect to spend 15 minutes each month answering questions for your bookkeeper, or uploading supporting docs.

Bookkeeping Services for Tutors

Sign up for a Bench trial, and get one month free. If you decide to go with us, we’ll take bookkeeping off your plate—for good.

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