What happens if you don't file taxes for your business
In this three-part video series, you'll learn:
- What happens when you miss deadlines to file and pay your taxes
- How the IRS collects unpaid, overdue taxes
- What your options are if you can't pay your taxes
If you've fallen behind on your tax filing and are wondering what will happen, start with the first video in the series. Otherwise, skip ahead to the video topic that is most applicable to you.
Part 1. You missed the tax filing or tax payment deadline
If you're behind on your filing or paying your business taxes, we'll tell you what to expect and how you can move forward.
Part 2. You've been contacted by the IRS
The IRS communicates via a wide array of notices and letters they mail to your business address. If you're behind on your taxes, here's what you might find in your mailbox.
Part 3. You can't afford to pay your owed amount
In our first video, we talked about IRS penalties and interest. In the second, we learned how the IRS collects its debts. Now, we'll explain what you can do to get back in good standing with the IRS.
Book a free consultation with Bench Retro
Our historical bookkeeping specialists will be happy to provide guidance on your current bookkeeping situation and explain whether Bench Retro might be a good fit for your business.
If it is, we’ll do a free month of historical bookkeeping so you can try our services risk-free.
In a hurry? Call us at 1-888-761-3301
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What you get with Bench Retro
Hands-on document collection
From start to finish, you’ll have a dedicated support team to make collecting historical records as simple as possible. With a detailed approach, we’ll ensure all financial elements are discovered and accounted for so you have accurate, tax-ready financials.
Accurate reporting
If you’re several years behind, we know every deduction matters. We’ll flag additional items that need to be tracked so no money is left on the table when you file.
Unlimited communication and support
With a large scope of historical bookkeeping, ongoing communication is the key to success. Your Bench Retro team will work with you on a deadline, and keep you in the loop every step of the way.
How it works
Start a free trial
Get in touch with our historical bookkeeping specialists so we can learn more about your business. From there, we’ll do one month of your bookkeeping—for free.
A financial deep-dive
Once we’ve completed your free trial, our historical bookkeeping specialist will schedule a call to go through the financials with you. You’ll also get a custom quote, and we can discuss payment options to help get you started.
Meet your team
Now we get to work! Our onboarding team and your bookkeeper will work in tandem to get your financial documents uploaded and your books reconciled.
Communication is key
Expect your team to reach out for any additional documents, or help with categorization. This helps us maximize deductions and ensures your books are accurate.
Financials ready for anything
Once we've wrapped up your bookkeeping, we'll walk through your year end financial packages together. With accurate financials, you'll be ready to make your next best move.
FAQs
Yes! We regularly help clients that are 5+ (or even 10+!) years behind on their bookkeeping.
Once we have all the documents we need, we'll work as fast as we can to get your books completed!
Once we have all the documents we need, we'll work as fast as we can to get your books completed!
Never. Our pricing is fixed and crystal clear. We’ll always quote for historical bookkeeping upfront, with no hourly rates or hidden charges.
We take as much bookkeeping off your plate as possible. But we’ll need your help collecting statements and answering questions that come up along the way.
Let us know about any deadlines right away. We’re pros at completing books quickly, and we’ll do whatever we can to help you hit that deadline!
Of course. Once we have your consent, we can give third-party access to your account to whoever needs it.
Simple, straightforward pricing made for small business
On the fence? Try us for free! We’ll do a month of bookkeeping so you can try our services risk-free. Pricing starts at $299/month.
Flexible pricing
The cost of bookkeeping shouldn't be a dealbreaker. That's why we'll work with you to build a custom payment plan that works for you (and your bottom line).
Build your own bookkeeping plan
Inactive business? Months or years of incomplete books? Close old books once and for all without the hefty price tag—you’ll never be charged with additional fees or hourly rates.
More Helpful Resources
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Review at your own pace, and compile questions ahead of deciding on your next steps.
What is the IRS Fresh Start Program?
This program allows small business owners to clear their tax liabilities and pay down their debt while avoiding more severe consequences.
As a business owner, you need to keep a document trail for tax purposes. But what exactly do you need to keep? Find out in our guide.