New White Paper: Five Proven Methods to Reduce Small Business Taxes

January is always a busy month around Shoeboxed HQ. The beginning of each new year brings lots of New Year’s resolutions on getting organized, the launch of some great new features and… the dreaded countdown to April 14th. Years change, but unfortunately tax day never does.

Since tax season is important to all of you, it’s important to us, and this year we wanted to be as proactive as possible in helping you get prepared. After all, who doesn’t enjoy reducing their tax burden?

With that in mind, we’re pleased to release our brand new white paper: Five Proven Methods to Reduce Small Business Taxes.

Shoeboxed White Paper Five Proven Methods to Reduce Small Business TaxesWith the help of Stancil & Company CPAs we set out to answer the simple question: what’s the best way for you and your small business to save on taxes this April? In the white paper we explore:

  • Why a well-designed retirement plan is the easiest way to save on taxes
  • Why identifying the proper method of accounting is crucial to tax savings
  • The best way for your children to help you maximize deductions
  • Tons more!

Download our free white paper today and prepare to save on your small business taxes this April!

Stay Organized,

The Shoeboxed Tax Team

The Weekly Recap: Accounting Solutions Grow Up, REAL SMB Expenses and the New Executive Plan

Forget to check the Shoeboxed blog this week? No need to fret! Here is a quick review of what you missed:

1. Are you a baby, procrastinator or underachiever? We didn’t think so. Regardless, you might find some helpful hints in Accounting Solutions for Babies, Procrastinators, and Underachievers.

2. Are you interested in more document scans, faster turnaround time and unlimited access to the folks at 1800Accountant? Check out our all new Executive Plan!

3. Choose the right accounting solutions for your next business with Top 3 Accounting Solutions for Small Business Rockstars.

4. Did you know that utility costs for SMBs doubled in the first half of 2012? Check out our infographic for the details on this statistic, as well as lots of other great insights into How Small Business Owners are Really Spending Their Money.

5.  The Bubonic Plague wiped out almost half of Europe’s population in the 14th century. You should avoid these Accounting Solutions Pitfalls like the plague!

Stay organized this weekend,

The Shoeboxed Team

Wave Accounting: The Velociraptor of Accounting Solutions

Wave Accounting: The Velociraptor of Accounting Solutions

Thanks to Jurassic Park, the Velociraptor has earned the reputation of being the stealthiest and smartest killer to grace the cretaceous period. With similar speed and agility, Wave Accounting slipped into the accounting systems jungle in 2010 and has been busy devouring the competition since. So, without further delay, here is the third installment of our accounting solutions series.

Before we scare anyone, rest assured that Wave only shows its claws when it comes to the competition (Velociraptors actually had feathers – please see below). For it’s countless users, Wave is a free, one-stop shop accounting solution that has quickly become one of the fastest growing accounting systems in the world.

Wave Accounting: The Velociraptor of Accounting SolutionsSimilar to the pack hunter mentality of Velociraptors, Wave Accounting has gathered a horde of affiliates and partners to help it overwhelm the competition. These partnerships allow Wave to provide its product completely free of charge through offering partner promotions for its users inside the app. Unless you’re a Wave competitor, this strategy is a win/win!

Being the nimble up and coming accounting solution, here is what you can expect from Wave:

Wave Accounting Strengths:

  • Completely free, always
  • Built for small business owners to be very user-friendly (Smart Interface)
  • Minimizes manual entry
  • Integrations with your bank/credit cards for automatic expense tracking (with de-duplication features to keep transactions from being logged twice)

Wave Accounting Weaknesses:

  • No Payroll in the U.S. until late 2012 (Only available in Canada currently)
  • Unobtrusive advertisements, but ads nonetheless
  • Some users have issues with foreign bank integrations and bank feeds

Wave Accounting: The Velociraptor of Accounting SolutionsIn fairness, we learned during our research that the Velociraptor was actually about three feet tall and covered in feathers (okay, it’s not as ferocious as the Spielberg version). That said, this dinosaur was one of the deadliest and shrewdest prehistoric animals. We warn you not to overlook Wave just because it looks like a little guy in the accounting world. Doing so could land you in a dangerous position.

Wave Accounting is probably best for business owners who are:

  • Small businesses and microbusinesses
  • Mompreneurs and WAHMs
  • Photographers, freelancers, independent entrepreneurs
  • Individuals

If you’re ready to take a bite out of the effort you put into accounting for your small business, try Wave Accounting. It’s always free, so imagine a permanent free trial. Then you can tell your clients you’ve got a Velociraptor on your side!

Is Wave your preferred accounting solution? If so, tell us what you think!