What Can You Spend Your PPP Forgivable Loan on?

If your small businesses managed to secure a Paycheck Protection Program (PPP) loan before the well ran dry, your next task is figuring out how to use it. Here's a list of the expenses that qualify for forgiveness (meaning you don't have to pay the loan back)....

How Does the CARES Act Affect Unemployment Benefits?

Many Americans are now getting some form of economic assistance from the CARES Act — the federal government's multi-pronged effort to save jobs and small businesses from devastation by the COVID-19 pandemic. Whether you're an employee, employer or self-employed sole...

How To Receive PPP Forgiveness as a Sole Proprietor

The Xendoo team has compiled many resources on the PPP to help small business owners everywhere. Check out our additional resources here: What do I need for my PPP application? Your Guide to PPP Loan Forgiveness Paycheck Protection Program Guide Many business owners...

Your Guide to PPP Loan Forgiveness

(Updated: 4/24/20) On Thursday, April 23rd, the House approved $484 billion package to help small businesses. This includes $310 billion for additional Paycheck Protection loans. The SBA has yet to re-open the application process. We will continue to update this post...

PPP, EIDL, Both? Choosing the Right COVID-19 Business Loan(s)

You've got options when it comes to government financial aid for your pandemic-impacted business. But which one is right for you will depend on your needs and business model. Here we'll discuss the federal government's Payroll Protection Program (PPP) and the Small...

(Updated) 2020 Tax Deadlines for Small Businesses

Keep this chart handy or copy the relevant parts of it into your calendar so you won't miss a due date throughout the year. W-2 Filing (Wage and Tax Statement for Full- and Part-Time Employees) January 31 Form 1096 Filing (Information Return by Employers to the IRS on...

The Paycheck Protection Program: What It Means for Self-Employment

The Paycheck Protection Program was introduced to support small businesses with much-needed cash during the COVID-19 crisis, specifically geared to help businesses keep their employees employed. The SBA will forgive loans under the PPP if all employees are kept on the...

CARES Act

The CARES Act does the following: • Many U.S. residents will receive $1,200 (or $2,400 for joint filers) plus $500 per child under age 17. This benefit will be reduced as taxable income exceeds $75,000 for singles and $150,000 for marrieds filing jointly. Singles who...

COVID small business resources from the commercial sector

Commercial Sector   $100 million in cash grants and ad credits for small businesses. Go to the Small Business Grants Program page to sign up for notification when applications are open.   Food and Beverage Industry Relief Fund is in the works. Sign up to...

Updated 3/20: Tax Filing Deadline has been extended to July 15th

The IRS is extending the federal income tax filing deadline to July 15 as part of a growing effort to stem the financial pain from the coronavirus pandemic, Treasury Secretary Steven Mnuchin announced Friday. There's one bit of relief for businesses suffering from the...

The Sooner You Act, The Stronger You’ll Be

At Xendoo, our passion is small business and at times like this, it’s critical we support each other and share our expertise on how to overcome challenging circumstances. Amidst the Coronavirus COVID-19 outbreak, health and government officials are working to maintain...

Ready to Sell Your Shopify Store? Here’s How to Get Started

There are many reasons why people decide to sell their Shopify or other e-commerce store — personal or professional. What they all have in common, though, are the worries that come with that decision: What if I can't get a fair price? What if I can't find a buyer?...

e-Commerce Trend Report: 2019 Recap & Future Forecasts

The good news: Last year achieved significant growth in online shopping, and there's no sign that train will slow down anytime soon. The bad news: Changes in sales tax laws had e-sellers scrambling to understand and comply. Consumer Migration to e-Commerce Trust in...

Get Paid Faster with Online Payment Options

"Pay now!" Having this button on your digital invoice can shave 20 days or more off the time you usually wait for customers to pay. People love the convenience and flexibility of online payment. And that often translates into immediate action. Here's how small...

How to Turn Your Vacation into a Tax Write-off

Wait a minute, you say — the IRS frowns on claiming vacation costs as business deductions. But you can sneak some play time into a work trip, and keep it all perfectly legit. Here's how to follow the rules while saving a bundle. What's Considered a Business Trip These...