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...

7 Don’t-Miss Tax Deductions for Ecommerce Businesses

Why settle for standard business deductions, when there are more opportunities to lower your tax bill, some of them seemingly tailor made for ecommerce businesses? Before you prepare your return this year, check out this list of possible deductions.

Inventory Control for eCommerce: Getting the Balance Right

As an ecommerce retailer, you may not have a bricks-and-mortar store, or even your own warehouse and fulfillment facility. But that doesn’t mean inventory control has to be more difficult. With the right mix of tools and strategies, you can manage your merchandise supplies and turnover efficiently and cost-effectively.

Top Franchise Opportunities in 2020

If you've been wanting to start your own business but are worried about going it alone, a franchise may be your answer. You'll still operate independently, but you'll be backed by the name recognition, marketing power, supply sources, processes and products of an...

Pass-Through Deductions: What It Is and Who Qualifies

One of the best small business-friendly aspects of the Tax Cuts and Jobs Act (TCJA) is the 20% deduction you can take on your income tax if your business is a pass-through entity. Here's what you need to know about it. What Is the Deduction The TCJA was passed in 2017...

How to Track Deferred Revenue for SaaS Businesses

Subscriptions are the most important revenue stream for software-as-a-service (Saas) businesses. Yet many accountants don't correctly record that revenue in the company's books. This makes it difficult to see your true financial position and make informed decisions....

Thinking About a Second Location? Do These 5 Things First

Is becoming a multi-location business right for you? We've put together a series of steps to analyze the factors involved and help you make a smart decision.     1. Determine whether you're in a position to expand. There are many signs that your business has...

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...

2020 New Year’s Resolutions for Small Business Bookkeeping

Not as on top of your business as you would like? Get rid of bad bookkeeping habits and start some new, good ones. Check out our suggestions for being more efficient and profitable in the years ahead. Update the books once a week. There's a saying for managing...

Xendoo List: 6 Steps to Building a Million Dollar Coaching Practice

You have the smarts, the experience, and the credibility. You know how to coach individuals to perform at their peak and help corporations reach their profit potential. Now is the time to develop your thriving coaching business, right? Right. But remember, starting is...