If you’ve been trying to make your online business a reality for any length of time, you’ve probably already realized what a minefield the finances can be. In order to properly keep records for legal purposes, make sure clients, contractors, and investors are all happy with what they see, pay all the overhead, keep employees…
Ask Marilyn: What to Do with a Financial Windfall
When was the last time you got lucky? …No, not like that. Keep that information to yourself. We’re talking about “getting lucky” as in an unexpected windfall. A check from grandma. An unexpected inheritance. A winning lottery ticket. Buried treasure unearthed by your dog. Last month, one of our TBL Profit Planners emailed with a fun puzzle…
Amazon Wins $1.5 Billion Tax Battle with IRS
Whew! We made it through another tax season, Profit Planners. Whether you had an assist or went the DIY route, we hope you spent the last week breathing deeply, letting the stress melt away, and enjoying the things in life that are free. (We hear these are the best things.) I have to say, the…
Amazon Sellers — You Need This Tool!
If you haven’t discovered the joys of A2X yet…well, today might as well be Christmas for you. This nifty online tool integrates your Amazon financial data into your Xero chart of accounts. Just like magic. No more individual transaction entries. No more untangling the mess of seller fees. Just your two biggest sources of financial data, playing nice together…
Big News from Marilyn (and a secret discount code, too!)
An exciting update from The Bottom Line founder and head money mover, Marilyn Parham, CPA. Humble and modest is good most of the time. But sometimes, guys, you just gotta brag. It’s easy for me to brag on my team because…well, if you’ve worked with them, it’s obvious why: they’re the greatest! So when The Bottom…
How to Make Your Money Love You Back
My story of learning to make my money work for me…one week at a time. I got back from vacation at 2 in the morning. Which, of course, meant a full extra day off to recover. And by “recover,” I mean catch up on emails, let people know that I was again available for work, and…
Get Some Sweet Summer Lovin’ (from Xero)
I confess that I’ve always had a thing for chaotic, disheveled, temperamental types. Not just in romantic partners, but in the way that I organize my business. Maybe it’s the sense of adventure that comes with never knowing where you’ll end up at the end of the day. Or maybe it’s the rebellious thrill of breaking the rules…
The Accounting Software That Might Take Over the World
My story of learning to make my money work for me…one week at a time. When I was a kid, we had an electric model train that used to belong to my Grandpa. It was one of those kids’ toys that would never pass the child-safety standards of today. So many small pieces. So many loose wires….
“Can I Write It Off?” – Giveback Promos
Wondering whether your percentage-of-sales donations are tax-deductible? Our resident tax expert explains it all. As you probably know, one of the hottest methods of business promotion these days is the giveback promo. You know, the Tom’s Shoes/Warby Parker/Burt’s Bees model where every item you buy gives something to someone in need. It can be a…
Stop Letting Your Money Boss You Around
My story of learning to make my money work for me…one week at a time. You never get over those “first day of school” jitters, do you? I sat down for my first Profit Planning session with butterflies in my stomach. And it wasn’t just because I felt out of my depth on this whole financial planning thing….