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Posted by on Apr 24, 2013 in Uncategorized | 2 comments

5 Easy Ways to Go Paperless This Spring

5 Easy Ways to Go Paperless This Spring

Earth Day has come and gone, but it’s not too late to start a new green trend in 2013. Help your small business go paperless and make an enormous impact on the health and well-being of the planet. The average person creates 4.5 pounds of trash every day, most of which is paper! That’s 13.5 million pounds of trash created each day in the U.S. alone. By reducing your use of paper, you’ll be decreasing the amount of fossil fuels used in processing, saving space in landfills, and conserving precious trees which reduce ozone and nitrogen dioxide levels in our atmosphere. 1. Move beyond the envelope Once you’ve taken advantage of Shoeboxed’s Magic Envelope to declutter your workspace, it’s time to go paperless with your Shoeboxed Receipt Tracker app for iPhone and Android. The app allows you to instantly upload single receipts via your smartphone’s camera, preventing the formation of pesky piles of paper. You can also make sure to opt for an eReceipt whenever possible. Asking your vendor...

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Posted by on Apr 2, 2013 in Uncategorized | 0 comments

The Truth About Audits

Is there any word more dreaded than the “A” word? Many small business owners run for cover at the mere mention of an audit – even if they keep impeccable books and have absolutely nothing to worry about. The possibility of getting audited holds a sort of mysterious power that strikes fear into the heart of SMBs and individuals alike. The truth is that getting audited is a lot less common than you might think, and more importantly, is probably nothing to worry about. Here are our top five audit myths, busted! 1. Audits happen all the time With the amount of fear surrounding audits, you’d think they were a totally common occurrence. According to the IRS, however, only 1% of the population ever gets audited. In essence, you are more likely to be struck by lightning in your lifetime (odds of 1 in 3,000) than be audited. 2. The IRS can’t wait to audit you Not true. Audits are time-consuming, expensive, and result in a lot more paperwork...

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Posted by on Mar 22, 2013 in Uncategorized | 0 comments

Timing Your Taxes: How to Stay One Step Ahead of Uncle Sam

Taxes are all about timing. Planning ahead throughout the year is the best way to stay ahead of the game and ensure that you’re never stuck owing more than you can afford. As a small business owner, it’s also essential to stay on top of tax documents for your employees and independent contractors, whose own taxes and the ability to file will be dependent upon your timing. Quarterly Tax Payments Paying quarterly taxes is one of the best ways to avoid “tax shock” – that sinking realization that you owe way more than you can currently afford to pay. If you work as a freelancer or small business owner and are responsible for paying your own taxes, it’s a great idea to have a percentage of each payment set aside for quarterly tax payments. Quarterly tax payments are due four times per year. For 2013, the dates are as follows: April 15th June 17th September 16th January 15th, 2014 Determine your estimated quarterly payments by evaluating your income over...

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Posted by on Mar 19, 2013 in Uncategorized | 0 comments

10 Fun Facts About Taxes

10 Fun Facts About Taxes

With less than a month left to go until doomsday…er, tax day… everyone could use some fun facts about taxes to lighten the burden of what can be a lot people’s least favorite time of year. Here are 10 surprising facts about what it means to be a taxpayer in the United States. 1. While form 1040 is supposed to be one of the ‘simpler’ tax forms, and the form that the majority of Americans use to file their taxes, the instructions for this form alone are nearly 200 pages long. 2. The U.S. tax code, which includes all of the rules, regulations and various legal jargon that make up tax laws, is almost 4 million words long. If that doesn’t sound like much, compare it to the entirety of Shakespeare’s canon – the Bard goes on and on forever, but all of his works only total about 900,000 words. Ouch. 3. If you’re worried about making a mistake on your taxes, don’t be. Talk about fun facts about...

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Posted by on Feb 22, 2013 in Uncategorized | 0 comments

Track Your Tax Return Online

The deadline to file your federal tax return is quickly approaching. If you’ve already filed– way to go! You can easily find out the status of your refund when you track your tax return online. Simply visit the IRS website and use the tool called Where’s My Refund? to track the status of your tax refund. Here you can find out the most up-to-date information about your refund anytime. It takes about 24 hours after the IRS acknowledges that they received your return for the tool to work for your refund, so be patient! To access the status of your tax return, you will need: Your Social Security Number or Individual Taxpayer Identification Number Your filing status The exact refund amount shown on your tax return Once you’ve entered your information, you’ll receive a response right away. Possible responses include: Acknowledgement that your return was received and is processing. The mailing date or direct deposit date of your refund. Notice that the IRS could not deliver your refund due...

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Posted by on Feb 15, 2013 in Uncategorized | 0 comments

How to Keep Clients

While some small business owners may struggle with getting clients, it’s how to keep clients that’s really got a lot of you stumped. The truth is that if someone is working with you, then stops working with you, it could very well have something to do with you or your company. It’s much easier – and much less expensive – to build up your repeat business instead of attracting new clients. Here’s how to make sure you’re doing everything in your power to hang on to the clients you have now, and get them to move up the expenditure pyramid and making larger investments with you. Go Above and Beyond Do everything in your power to make sure your client is not just satisfied, but amazed with your services. Surprise them, delight them, and give them the refreshing kind of service they can’t wait to tell their friends about. Honestly, when considering the average customer service level of most businesses nowadays, it shouldn’t be too hard to stand out...

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