Tax Compliance

Are You Compliant? A Small Business Owner’s Year-Round Tax Checklist

Tax time shouldn’t be a season—it should be a system.

Many small business owners wait until the end of the year to “figure things out.” But tax compliance is an ongoing responsibility, not a one-time task. Falling behind doesn’t just lead to stress—it can also cost you in penalties, fees, and missed deductions.

At Sqeaky Clean Books, we provide bookkeeping and compliance services that keep businesses in Richmond and surrounding cities audit-ready year-round.

Here’s your simple compliance checklist—and how we help.


✅ 1. Quarterly Estimated Taxes

If you expect to owe more than $1,000 in taxes, the IRS requires quarterly payments. Miss them and you’ll owe penalties.

We help you:

  • Calculate accurate quarterly estimates

  • Set reminders for due dates

  • Track payments and credits


✅ 2. Accurate 1099 & W-2 Reporting

Did you hire contractors or employees?

We help you:

  • Classify them correctly

  • Issue and e-file 1099s and W-2s

  • Avoid misclassification audits


✅ 3. Sales Tax Filing (If Applicable)

If your business sells goods or taxable services in Virginia, you need to file state sales tax returns—monthly, quarterly, or annually.

We:

  • Track taxable vs. non-taxable sales

  • File your returns

  • Ensure payments match your revenue


✅ 4. Clean, Organized Books

Don’t wait until tax time to organize receipts and bank statements. We provide:

  • Monthly reconciliations

  • Real-time expense categorization

  • Audit trails for all transactions


✅ 5. Year-End Reports for Your CPA or Tax Preparer

Whether you use our in-house tax prep or have an external CPA, we ensure they receive:

  • Profit and Loss (P&L)

  • Balance Sheet

  • Cash Flow Statement

  • Transaction logs and payroll reports

No shoeboxes. No stress. Just organized, digital-ready data.

Compliance isn’t a luxury—it’s a requirement. Let Sqeaky Clean Books keep your business in good standing with the IRS, all year long.