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Posted by on Mar 20, 2020 in Uncategorized | 0 comments

[Guest Post] 5 Money Management Tips for Solopreneurs

[Guest Post] 5 Money Management Tips for Solopreneurs

There’s no doubt that solopreneurship is on the rise. Solopreneurs are, of course, entrepreneurs, but because they’re often the only ones with real skin in the game, their money situation is typically unique.  While there are lots of resources for managing small business finances, managing your money as a solopreneur has its own set of considerations. It’s particularly important that solopreneurs delineate between their personal finances and their business’ revenue.  Moreover, solopreneurs don’t have designated team members to who they can delegate the “business side” of their business. This means that managing a business’ finances, on top of all other duties, falls squarely in their laps.  Managing your money as a solopreneur may be tricky but it’s far from impossible. We’ve put together a list of 5 tips to help you get on top of your money.  Tip #1: Separate Your Personal Bank Account from Your Business  Banks, of course, are a key partner when it comes to managing your business’ finances. If you’re not already leveraging an online banking...

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Posted by on Mar 2, 2020 in Uncategorized | 0 comments

Digitize Receipts on YOUR Schedule With Receipt Rollover by Shoeboxed

Digitize Receipts on YOUR Schedule With Receipt Rollover by Shoeboxed

The Shoeboxed team is excited to announce an update to our annual plans: receipt rollover! Rather than having to plan around your monthly allotment of receipts, you can now digitize receipts when it’s convenient for YOU. No more monthly maximums means no more stressing about whether or not you’ll get charged an overage for a particularly busy month! Take a look at each plan’s annual receipt allotment: Startup 300 physical documents/year 600 digital documents/year  Professional  1800 physical documents/year 1800 digital documents/year  Business  36000 physical documents/year 3600 digital documents/year And the best part? On top of increased flexibility, our revamped plans still give you the benefit of 20% off for paying annually. It pays to sign up for an annual plan.  Learn More The Flexibility You Need, Just in Time for Tax Season With April 15th just around the corner, an annual plan will help you catch up on your pile of receipts with peace of mind. The IRS and Canada Revenue Service accept digitize receipts from Shoeboxed, so you can rest assured...

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Posted by on Feb 13, 2020 in Uncategorized | 0 comments

The Guide to a Painless Tax Season

The Guide to a Painless Tax Season

Do the words “tax season” make you shudder? You’re not alone. Over half of US adults say tax season stresses them out. And when you run your own business, your tax time heebie jeebies are bound to be even more severe.  Tax season is faster and easier when your bookkeeping is organized. And our partners at Bench will handle all of your small business bookkeeping, and even file your taxes for you. But if you’re filing your own taxes, read on. We’ll cover all of the forms you will need to file and any deadlines you will need to meet—plus how to file on time or get an extension.  The documents you need to file taxes When you file your tax return, you must be able to prove what you earned and what you spent —for the sake of reporting income, as well as claiming tax deductions. These records are not submitted with your return, but you’ll use them to calculate your total income and expenses for the year....

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Posted by on Jul 23, 2018 in Freelance Tips, Uncategorized | 0 comments

The Balance of Business and Personal Finances

The Balance of Business and Personal Finances

Like oil and water, your business and personal finances don’t mix. Responsible financial management is crucial to surviving a volatile economy for any company. To keep stable finances, business owners need to be well versed in financial literacy, in their personal and professional lives. The startup and growth phase It’s easy to overstretch personal finances to support the startup costs of a business. Trying to compensate for the lack of revenues leads to mismanaging personal finances. Not saving, and borrowing against personal credit, are partly why 30 percent of small businesses fail in their first year. When your business begins to generate cash flow, the business then supports you. It’s crucial to budget personal and business expenses separately or both will suffer during challenges of downturns in fluctuating markets. The ability to protect your personal assets from business debts and losses should be of the utmost importance for any business owner. Establish a business credit profile Putting your business on the map is the first step to separating your finances....

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Posted by on Jun 4, 2018 in Uncategorized | 0 comments

5 Ways SEPA Can Transform Your Business

5 Ways SEPA Can Transform Your Business

SEPA, The Single Euro Payment Area, was introduced to facilitate the transfer of Euros throughout the Eurozone. By treating the entire Eurozone as a single domestic market, SEPA has been able to greatly reduce the costs and complexities of transferring money internationally within the Eurozone. SEPA offers a number of significant advantages to businesses who need to make payments across the Eurozone. Here are five ways that SEPA, via its unification of multiple independent payment systems, has the potential to transform businesses. Send Money for Less One of the main advantages of SEPA is that it allows for the Entire Eurozone market to be treated as a single domestic market. Prior to the advent of SEPA, many businesses had to use one system for making payments within their own country and an entirely different system for making international payments. This meant that businesses were at the mercy of whatever payment operators were available in their location. SEPA has changed this dramatically, allowing businesses to avoid the large fees that...

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Posted by on May 23, 2018 in Uncategorized | 0 comments

5 Tips to Help You Get A Big Project Completed on Time

5 Tips to Help You Get A Big Project Completed on Time

When you are working on a big project, it can be very beneficial to have a strong team around you. Sometimes, making sure this team is working efficiently can be difficult and so projects tend to fall behind schedule. If you have a big project that needs to be completed and a client that you want to impress, you’ll want to avoid this at all cost. Managing your team and understanding how to get a project completed on time can be very important. If you’d like to know more about how you can reach that important deadline, keep reading our 5 tips below! Choose the Right Team If you are having the opportunity to choose the team for your project, make sure to think carefully about this decision. You’ll want to choose people who can really help the project and people with the individual skills that can make a real impact. It is important to choose people that can offer different skills so that they can help at various...

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