5 Year-End Tax Saving Tricks for Small Business Owners

It’s not too late to reduce the income tax hit you’ll take next April. Act now, and you’ll have one more reason to pop the cork and look forward to a happy New Year. 1. Accelerate Business Expenses If you’re considering a major investment in equipment

The Small Business Year-End Checklist

Just like spring cleaning your house, your business needs a good tidying and updating once a year. Make December the month you get organized, focused, ready and able to create more success than ever in 2019. Catch up on your bookkeeping.

Bookkeeping New Year’s Resolutions for a Smarter SMB

Are you hoping to be more profitable and efficient in 2019? Good bookkeeping habits can go a long way toward helping you achieve your goals. I will not mix business and personal bank accounts. It’s all too easy to pull out the business credit card

Best Books for Your Favorite Small Business Owner

You probably know someone who works very hard to make a success of their small business (or maybe that someone is you). This gift-giving season, help them work smarter with these 10 great reads. Written by world-renowned experts, they offer wisdom and

IRS Estimated Quarterly Tax Payments Basics

What Are Estimated Quarterly Taxes? This is how the IRS collects income tax from individuals and businesses who are not employees of another company. You will make payments using Form 1040ES (Estimated Tax for Individuals) or Form 1120-W (Estimated Tax for...

Outsource Your Accounting and Feel Better in the Morning

When they're first starting up, it's common for business owners to do everything themselves, including keeping the books — even if it isn't really their area of expertise. But as the business grows, it becomes necessary to delegate some tasks to others. At this point,...

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...

Ins and Outs of Accounts Receivable for Small Business

You may call it bills receivable, or simply invoicing. By any name, it's crucial to the success of your business to get paid the money you're owed on a timely basis. Here are our top tips for effective accounts receivable management. Accounts Receivable Activities...

California Demands Seller Sales Tax Info from Amazon

In November 2018, Amazon announced that it will comply with the State of California Department of Tax and Fee Administration's demand to provide third party seller data. How will this action affect you as an FBA seller? States Are Getting Serious About Sales Tax We...

How to Choose a Cloud Accounting Provider

Putting your accounting in the cloud offers huge advantages, including speed, accessibility from anywhere, and reduced on-site storage needs. But first, make very sure that your provider meets your standards and requirements. What a Cloud Provider Provides You're...

How to Invoice an International Order

When you send your products to another country, you'll have a whole new set of factors to deal with in order to get paid. Here's what you need to consider. Choosing a Currency There's no law that says which country's currency you have to put on the invoice. You may...

5 Apps for Healthcare and Wellness

If you’re one of our clients at Xendoo, you already know how much time and effort you’re saving with our Xero cloud-based accounting software. But did you know that you can also add plug-ins designed specifically for the healthcare and wellness industry?

10 Steps to Get Started Selling on Amazon

Thinking of expanding your retail business into the biggest market platform in the U.S.? Amazon makes it easy for sellers of all sizes to get in on the action, even offering warehousing and fulfillment services. Here's how to become an Amazon seller. 1. Create an...

How Much Does Tax Preparation for SMBs Cost?

Let's face it, tax preparation is more complex than ever, not least because of the changes to the 2018 tax code. In fact, a study by the National Small Business Association (NBSA) shows that it's a significant burden on small business owners, in terms of both...

8 Steps to Creating Winning Price Quotes

A potential customer has asked you to submit a price quote for their project. This is your big chance to convince them that you're the right one for the job! What do you do next? Here's how to present yourself and your business professionally, clearly and helpfully in...

How Do I Structure My Multiple Business Ventures?

As the U.S. and the world move toward a “gig economy” of self-employment, it’s becoming more common for entrepreneurs to have income streams from several sources. You may be a caterer who also does wedding photography, or a computer programmer

The Ultimate Tax Deductions Checklist for Small Business Owners

Are you claiming all the income tax deductions you're entitled to? Here's a handy checklist for U.S. businesses that are structured as sole proprietorships, partnerships or limited liability companies (LLCs). Home Office The portion of your home that you use for an...