National Spending Journal – By Shoeboxed

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ShoeBooksRight? FreshOutBoxed? OutBoxedBooks?
The small biz warriors at FreshBooks, Outright.com and Shoeboxed are interested in only one thing: helping you spend less time on busy work – like invoicing, bookkeeping and recording expenses – and more time doing what you actually love – running your business. That’s why all three companies have integrated their services. ShoeBooksRight? [...]

With June 15 just around the corner, many of you are starting to think about—and perhaps dread—filing your quarterly estimated tax payments. While QETs can be a nightmare for overworked and unorganized small business owners and self-employed individuals, there are many online tools available to make the process easier, faster and headache-free.

Here’s how they [...]

June 15th Deadline:  Quarterly Estimated Taxes
Now that we’re under a month away from June 15th, you might be one of the millions of self employed or small business owners that need to file a quarterly estimated tax payment. While not everyone’s cup of tea, the process can certainly be made more manageable by leveraging a few [...]

As the April 15th tax filing deadline rapidly approaches, for most small business owners  who haven’t filed there are two options:  either finish your tax return, or consider an extension.
Small business owners and freelancers should consider speaking to a tax preparer regarding their situation to decide if there’s enough time to make a last-minute dash to [...]

Here at Shoeboxed, we are thrilled to announce the launch of the new Shoeboxed Accounting Professional Plan that will make receipt organization faster and easier for accountants and bookkeepers than ever before!
Built on top of Shoeboxed’s core mail-in service for receipt digitization, the Shoeboxed Accounting Professional Plan enables accountants and bookkeepers to manage multiple Shoeboxed [...]

For those of you who took my sage advice last week and decided to start your own business, here are some great tax tips courtesy of the IRS Newswire:
Here are the top seven things the IRS wants you to know if you plan on opening a new business this year.

First, you must decide what type [...]

The Truth About Frivolous Tax Arguments (PDF 405K) addresses some of the more common false “legal” arguments made by individuals and groups who oppose compliance with the federal tax laws. These arguments are grouped under six general categories, with variations within each category. Each contention is briefly explained, followed by a discussion of the legal [...]

The Internal Revenue Service today reminded individual and business taxpayers that many energy-saving steps taken this year may result in bigger tax savings next year.
The recently enacted American Recovery and Reinvestment (ARRA) of 2009 contained a number of either new or expanded tax benefits on expenditures to reduce energy use or create new energy sources.
The [...]

Taxpayers who need to make a change or adjustment on a return they already filed can do so by filing an amended return. Here are the top 10 things every taxpayer should know about amending your federal tax return.

Most taxpayers have already filed their federal tax returns but may still have questions. Here’s what you need to know about refund status, recordkeeping, mistakes and what to do if you move.
Refund Information
You can go online to check the status of your 2008 refund 72 hours after IRS acknowledges receipt of your e-filed return, or [...]

The Internal Revenue Service has issued its 2009 “dirty dozen” list of tax scams, including schemes involving phishing, hiding income offshore and false claims for refunds.
“Taxpayers should be wary of scams to avoid paying taxes that seem too good to be true, especially during these challenging economic times,” IRS Commissioner Doug Shulman said. “There is [...]

If you are just learning that today is Tax Day, you may be in a bit of trouble. For everyone trying to get them finished today, good luck! And to everyone already done, congrats!
If you think you’ll need more time, make sure to check out FileLater, an easy way to get a tax extension in [...]

It’s a moment many taxpayers dread. A letter arrives from the IRS — and it’s not a refund check. Don’t panic; many of these letters can be dealt with simply and painlessly.
Each year, the IRS sends millions of letters and notices to taxpayers to request payment of taxes, notify them of a change to their [...]

This is a guest post from our friends at FileLater, which offers and easy way to get a tax extension. They explore the question of whether or not filing for a tax extension increases your chances of being audited later. The answer may surprise you!

Every year, millions of taxpayers donate money to charitable organizations. Here are six things you should know about the tax treatment of tax-exempt organizations.

Tax returns are made available to public. Exempt organizations generally must make their tax return available for public inspection. This also includes the organization’s application for exemption. These documents must be made [...]