SmartSave bundle for online service providers

Make your 5472 filing easy with seamless integration of bookkeeping and tax filing

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Smiling male bookkeeper with well-groomed black hair and beard.
Karan Head of Bookkeeping

Why use this bundle

The SmartSave Bundle saves you time and money – and it reduces the risk of mistakes on your tax form. You don’t need to be the middle man (or woman) between your bookkeeper and tax accountant.

As you might know, the 5472 tax form requires disclosing all reportable transactions. To identify those transactions, you need proper books.

US company formation file with Approved stamp.

Of course, you could just hire a bookkeeper separately. (Or do it yourself, if you really know what you are doing.) Then, with your approved financial statements, you need to determine what is reportable on form 5472, and provide that information to your tax accountant.

With the bundle, however, you only need to provide your bank statements to your bookkeeper and fill out our 5472 intake questionnaire. You don’t need to figure out what is reportable and what isn’t – our bookkeepers know all the requirements and have supported thousands of 5472 filings for our clients.

US business tax filings and compliance file with all boxes checked.

Entity Inc. bookkeepers are experts in the field

Our in-house team is QuickBooks Platinum certified and holds Xero Advisor and QB Online Pro Advisor badges, ensuring expert service for your business. We use easy-to-navigate tools like QuickBooks and Xero to keep your finances organized, so you don’t have to worry about the details.

  • Intuit QuickBooks ProAdvisor Platinum badge of Entity Inc bookkeeping services for international entrepreneurs
  • Intuit QuickBooks badge for Certified QuickBooks Online ProAdvisor, certification of Entity Inc bookkeeping services
  • Three circular badges with text Xero, Bronze Partner, and Certified Advisor, certificates of the bookkeeping team at Entity Inc

What is included?

5472 + Bookkeeping Bundle: SmartSave bundle for online service providers: 

Includes:

  • Cash-basis bookkeeping for service-based businesses
  • Year-end review and reconciliation of your books, including Profit and Loss and Balance Sheet
  • Tracking of up to 800 transactions across up to two currencies
  • Form 5472 filing for a single-member LLC, covering up to two related parties
  • A single, coordinated process where bookkeeping and Form 5472 filing are handled together

Original price was: $1,119 Current price is: $999 /year

Buy

If your business has higher transaction volume, operates in multiple currencies, involves crypto activity, or requires historical bookkeeping cleanup, this bundle may not be a good fit. In those cases, an ongoing bookkeeping setup is likely a better option. Contact us for a custom quote. You’ll get a discount when tax and bookkeeping services are handled together.

Get a custom quote

One-stop solution

No need to manage multiple providers, all your needs from ledgers to returns are handled under one roof.

Seamless integration

Books will flow directly and no need for to-and-fro communication between bookkeepers and tax accountants.

Priority support

Bundle clients receive faster turnaround and a dedicated account manager.

Audit-ready records

Clean books, and accurate tax filings minimize risks in case of audits.

Cost savings

Complete solution for 5472 filers for less than separate services.

The bookkeeping team is a hidden gem within the organization, who work seamlessly with the tax preparers for a wonderful one-stop experience.

— Steve Schlemmer

Is the SmartSave Bundle right for me?

Who is it for?

This bundle is perfect for online service providers with a single-member LLC, e.g.:

  • Consultants
  • Coaches
  • Online marketers
  • Developers

You invoice clients for work that you perform outside of the United States and get paid into your business bank account. Other transactions include business expenses related to your line of work. You do not have the type of transactions mentioned below.

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Who is it not for?

This bundle is not suitable for entrepreneurs that have more complex transactions, typically involving physical products or money-related activities, e.g.:

  • E-commerce retailers
  • Any manufacturing or trading of physical goods
  • Investments and trading activities
  • Any use of crypto currencies in business transactions
  • Multi-currency transactions

Your transactions are more complex and typically require an ongoing bookkeeping solution, not a year-end reconciliation. Check our bookkeeping packages to learn more. We can also provide a custom quote if our packages don’t fit your business.

Contact us for a custom quote

Here’s how it works:

  1. 1

    Purchase the bundle

    Check out conveniently directly on our website.

  2. 2

    Provide your information

    Fill out a quick form, and our team will reach out to discuss your options and answer any questions.

  3. 3

    Relax as we handle the rest

    We’ll organize your finances and handle your filing, ensuring your records are accurate and up to date.

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Common questions

Our bookkeeping and tax teams work closely together to provide you with a fully integrated financial solution. By choosing both services, you get a seamless experience where your bookkeeping is always aligned with your tax needs, ensuring everything is in order without the hassle of managing separate services.

Our bookkeepers keep your financial records organized and up to date, handling everything from daily transactions, account reconciliations, and getting them ready for taxes. Meanwhile, our tax accountants focus on the bigger picture, using the data provided by our bookkeepers to ensure your tax filings are accurate and compliant with US regulations.

As we are pretty flexible in terms of software and have hands-on experience with various industry-leading software, you don’t need to shift, but we can work on the existing setup and transfer the billing if required. Migrating from another bookkeeper will be a smooth process, and we can work with them directly in order to make sure there is minimal disruption.

Yes, your data and documents are completely secure. At Entity Inc., your privacy and security always come first. Our client portal employs 256-bit encryption and advanced safety features to keep your personal information confidential. As a client, you’ll create a free account in our secure portal to upload your documents safely. We avoid sharing sensitive information via email, ensuring your data remains protected at all times.

Form 5472 is based entirely on reportable transactions. The IRS uses it to track transactions between a US entity and its foreign owner or related parties. Without clean, complete books, those transactions cannot be identified, categorized, or reported correctly. In practice, poor bookkeeping leads to missing or misclassified transactions, which increases the risk of filing errors, penalties, and audits.

Still have questions? And not sure where to start? Our FAQs might have your answer, or you can book a consultation to get expert guidance.

Clean books. Correct Form 5472. One process.