fix your finances

How the Profit Path Helps Small Businesses Fix Their Finances

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…

online business, online accounting, tax liability, taxes, windfall

Ask Marilyn: What to Do with a Financial Windfall

Compliance

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…

accounting, IRS, Amazon, tax battle

Amazon Wins $1.5 Billion Tax Battle with IRS

Tax

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…

online business, small business, xero, accounting, bookkeeping, software

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…

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…

“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…