Thoughts in the Clouds
A Business Owner’s Basic Guide: Sales Tax Compliance
For the majority of businesses located in the United States, collecting and filing sales tax is an unavoidable responsibility. There are only five states that don’t collect sales tax: Alaska, Delaware, Montana, New Hampshire, and Oregon. The other 45 states have...
Your Guide to Xero Tips: Organizing Your Contacts
Strong customer and vendor relationships are essential for business success. Savvy entrepreneurs keep these business contacts well organized and easily accessible. Until recently this contact information was primarily maintained in paper formats, such as the infamous...
A Business Owner’s Basic Guide: Cybersecurity
We probably can’t imagine living without the internet, but along with the convenience comes risk. Cyber crimes are on the rise and data security should be a major concern for small business owners. What precautions can be taken?
Your Guide to Xero Tips: Automating Bill Entry
Entering bills proactively makes it easier to plan cash flow. During tough times, understanding your cash flow is essential to the survival of your business. But entering bills before paying them is twice as much work. How can we streamline the bill entry process so...
Your Guide to Xero Tips: The Basics on Bills
Do you remember when we used to rely on paper roadmaps to get where we needed to go? Although those maps were helpful, they were also very limited compared to the interactive maps most of us have on our mobile phones today. An effective accounting system is a roadmap...
Five Easy Tips for Maintaining a Healthy Work-Life Balance
Whether you love your job or not, work can be stressful. Here are five helpful actions you can make to your daily routine right now to ensure that you don’t end up a casualty of the so-called “rat race.” If you make changes in your daily routine now, not only will you feel better at work, but you’ll experience the benefits long after you’ve left the office.
A Business Owner’s Basic Guide to Forms 1099-MISC and 1099-NEC
Staying compliant with information reporting is an essential part of running a business.
A Business Owner’s Basic Guide to Taxes: Depreciation
Savvy business owners consult with their tax preparer for guidance before making purchases of new equipment. Understanding how these fixed assets will be expensed is key to effective tax planning. Here’s a basic guide to help business owners better understand the concept of depreciation.
Your Guide to Xero Tips: Documentation is the key
Learn how to achieve greater efficiency in your business by integrating your filing system right into your accounting software. Innovative features like Xero Files, Hubdoc, and AutoEntry can help automate document filing and data entry.
A Business Owner’s Basic Guide to Bookkeeping: Accounting Primer
Accounting, like many occupations, requires a certain aptitude and personality. Maybe it's like anchovies - either you really like them or you really don’t. For those of us that enjoy accounting and are good at it, the basic concepts make perfect sense. For most...
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