How to Setup Your Online Store to Integrate Accounting Software
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xendoo Team
You’ve set up your online store set, and orders are starting to come in. But in your rush to pack, ship, and sell, there’s a good chance you haven’t made time to integrate accounting software with your eCommerce software. By downloading a third-party app plug-in, you are just a few clicks away from saving time […]
9 Common E-Commerce Accounting Mistakes to Avoid
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xendoo Team
As a new business owner, you have a lot to manage on your eCommerce site. From making sure that customers can easily find what they need to creating an easy path to purchasing your goods, it may leave less time to tidy up the little things in your accounting processes. However, these mistakes and misses […]
How Outsourcing Accounting Can Help Grow Your Small Business
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xendoo Team
Small business owners are notoriously short on time. They manage everything from sales and marketing to employee scheduling and benefits, not to mention being an expert in whatever good or service it is that their business offers. And there are hurdles every step of the way as you try to grow your business. Hiring an […]
When You Need to Hire a CPA
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xendoo Team
Bookkeeper? Accountant? CPA? Which one does your business need, or does it need all three of them? Actually, it depends. Staying on top of your business’s finances is key for a small business owner, but you may need more than day-to-day bookkeeping. When you have more questions than a bookkeeper can answer, you’ll probably need […]
The Best Online Accounting Software for Small Businesses
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xendoo Team
A skilled accountant will keep you tax compliant and ensure that you’re always in-the-know and focused on the big picture when it comes to your financials. Yes, you could try to do it all yourself, but do you have the time or expertise? (Or the interest!?) And cost can definitely feel like a huge barrier […]
Where do I find my W-3 and 1096 forms
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xendoo Team
Cover sheet Form W-3 is a federal form that Gusto files with paper copies of the Form W-2 to the Social Security Administration (SSA). This form is not required for electronically filed W-2s. W3 Tax Form Since Gusto files most federal W-2s electronically, if there are changes or corrections to W-2s, you won’t see changes […]
Best Business Structure for Consultants
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xendoo Team
As a professional consultant, you spend plenty of time determining how other businesses work. But, how much time have you put into determining the shape of your own business? Choosing the best legal entity for your enterprise will help minimize your risks and maximize your profits. That way, you can concentrate on consulting. What’s best […]
The Puerto Rico Tax Haven: Will Act 20 Work for You?
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xendoo Team
Looking to cut your business income tax rate by up to 90%? Locating in Puerto Rico might be your answer — if you’re willing to play by their rules. What Is Act 20? It’s no secret that Puerto Rico needs to boost its economy. And because it enjoys a special status within the United States, […]
New Independent Contractor? Our 7 Essential Habits for Accounting Virgins
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xendoo Team
When you’re starting as an independent contractor, accounting practices may not be top of mind. But now is the perfect time to develop those good habits that will save you a ton of hassles and heartaches later. 1. Save Receipts As a business owner, you’re entitled to many tax deductions on expenses, from travel to […]
Understanding Your Profit and Loss Statement
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xendoo Team
Every month you receive a P&L statement from xendoo. In a nutshell, it tells you whether your business made a profit or a loss — for the month as well as the year to date. It can do more than that, though, if you know what the numbers mean. Here’s a quick guide. Revenue on a […]