COMPANY

Tax season with Vyde

Process

Deadlines

Tips

Contact

A SIMPLE PROCESS

Here’s your guide to a smooth, stress-free tax season. Inside, you’ll find important tax deadlines, helpful tips, and everything you need to stay on track. You can also monitor the progress of your return anytime by logging in to your Vyde dashboard.

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You provide bookkeeping info and approve books.

Bookkeeping is the first step in preparing your tax return... (read more)

Bookkeeping is the first step in preparing your tax return—and the key to maximizing your savings.

If you’re on our Starter or Plus plan, our team handles your bookkeeping for you. Simply upload your business bank statements or connect your business bank account, and respond promptly to your bookkeeper so we can capture all your deductions accurately.

Once your books are complete, you’ll need to review and approve them in your Vyde dashboard before we begin your tax return.

If you’re on our Tax Only plan, please provide your income statement and balance sheet to our team.

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You complete your tax return checklist.

Please fill out your tax checklist to provide us with the information we need... (read more)

Please fill out your tax checklist to provide us with the information we need to accurately file your taxes. This should only take 10-15 minutes.

Your tax checklist also includes essential information to allow our team to file an extension for your business. Please provide this information as soon as possible so we can keep your taxes on track and help you avoid penalties.

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You upload and confirm your tax docs.

Please upload any tax-related documents to your Vyde dashboard... (read more)

Please upload any tax-related documents to your Vyde dashboard. (Don’t know which documents to upload? Check this list.)

Once you have finished uploading all your tax docs, please confirm you have uploaded everything on your dashboard so we can get started on your taxes.

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We’ll ask questions along the way.

If we have questions, we will send an email to you and post an update.... (read more)

At any point in the process, if we have questions or think we might be missing something, we will send an email to you and post an update on your Vyde dashboard.

Be sure to keep an eye out for messages from our team and respond promptly so we can keep your books and taxes on track!

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We prepare and review your taxes.

Once your books are complete... an accountant will prepare your taxes... (read more)

Once your books are complete, you’ve completed your tax checklist, and you have confirmed you have uploaded all your tax documents, an accountant will prepare your taxes. Then, your dedicated tax accountant will review your tax return to ensure everything is accurate and we save you the most possible.

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You sign; we finish and file your tax return!

Last of all, we send your taxes to you to review and sign... (read more)

Last of all, we send your taxes to you to review and sign. If any corrections are needed, our team will work with you to make those updates. Once everything looks good to you, we’ll file your taxes for you!

TAX DEADLINES

To guarantee we can finish your tax return by the IRS deadline, Vyde sets our own guidelines for our clients. These dates provide us with extra time to ensure accuracy, request missing information, and thoroughly review your taxes.

Vyde Deadlines

December 31 – Opt in to Vyde’s 1099 services and upload W9s
January 15 – Approve 1099 details
January 31 – Provide any missing 2024 bookkeeping information to Vyde (bank statements, unclassified transactions, etc.)
February 15 – Complete your tax checklist, approve books, and upload all business tax documents (see examples)
March 15 – Upload and confirm all personal tax documents have been provided to Vyde (see examples)
August 15 – Upload all business tax documents for the extended deadline (partnerships & S Corps)
September 15 – Upload and confirm all personal tax documents have been provided to Vyde for the extended deadline

IRS Tax Deadlines

March 17 – Business tax deadline for partnerships, multi-member LLCs, and S-corporations filing form 1120-S
April 15 – Personal tax deadline and business tax deadline for all other businesses
September 15 – Extended partnership, multi-member LLC, and S-corporation tax return deadline
October 15 – Extended personal tax return deadline and extended business tax deadline for all other businesses

TIPS FOR TAX SEASON SUCCESS

A little preparation goes a long way. Follow these tips to keep your tax season smooth and stress-free.

Send in your bookkeeping and tax information on time

Keep an eye out for emails from our team

Check your Vyde dashboard often for updates

Wait until our team has filed your business return to file your personal return

Remember to pay any tax estimates or fees due

What happens if I miss a deadline?

Life happens. We understand. Provide us with any missing information as soon as possible.

If you miss Vyde’s deadlines, we cannot guarantee we will file your taxes by the tax deadline. But don’t worry. You can extend your taxes through your Vyde dashboard to avoid penalties. Reach out to our team if you have questions or need help extending your tax return.

How long will my taxes take?

Once your books are complete, you’ve approved them, you’ve filled out your tax checklist, and you’ve uploaded any tax documents, we commit to finishing your taxes within two weeks. Log in to your Vyde dashboard during tax season to see your estimated tax delivery date.

Why two weeks? We want to make sure you and we have time to review your taxes and collect any missing information. We’ll work hard to finish your taxes quickly without compromising accuracy!

What if I need my taxes sooner?

Reach out to your dedicated team using the contact information on your Vyde dashboard. We’ll work with you to meet your needs. Depending on how quickly you need your taxes, an expedite fee may apply.

WE ARE HERE FOR YOU

Our team is here to make this a great tax season. We’re happy to answer your questions and love to meet with you. You can reach out to your dedicated team directly using the contact information provided on your Vyde dashboard. (As a reminder, this is our busy season, so if you would like to meet with your guide or tax accountant, be sure to schedule your appointments early.)