Florida Resale Certificate — Sales Tax Exemption
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xendoo Team
If you’re a retailer or similar business, you don’t have to pay sales tax on the goods and services you purchase for the purpose of reselling, renting, or leasing them. Example 1: Your business sells brand name bicycles to the public. You don’t pay sales tax when you buy those bicycles from the manufacturers. Example 2: You […]
How to Report Florida Sales Tax
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xendoo Team
Whether you’re a brick-and-mortar business located in Florida or an e-commerce seller who ships to customers in the state, one hassle you can’t get away from is collecting and remitting the state sales tax. The first thing you need to know is that Florida is a destination-based sales tax state. That means you’ll charge customers […]
Income Tax Q & A: IRS Form 1040 for Individuals
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xendoo Team
What is Form 1040? This is the Individual Tax Return for U.S. citizens. The 2018 form has been redesigned, so if you used to file 1040A or 1040EZ in previous years, you will now use Form 1040. Along with it, there are 6 new Schedules for declaring specific circumstances: Schedule 1: Report additional income such as […]
5 Benefits of Owning Your Small Business Property
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xendoo Team
Is it time to purchase the commercial property you’ve been leasing? If you’re a small business owner who currently rents office or retail space, you could be in a position to benefit from becoming an owner. Of course, the decision to own or rent will depend on a number of factors unique to your business, […]
The Small Business Year-End Checklist
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xendoo Team
Just like spring cleaning your house, your business needs a good tidying and updating once a year. Make December the month you get organized, focused, ready and able to create more success than ever in 2019. Catch up on your bookkeeping.
3 Questions to Answer Before You Start a Business
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xendoo Team
You know you have the inspiration and the drive to launch a business. But it takes more than that to survive and thrive over the long term. Here’s what you should know to make sure it starts off in the right direction and keeps on going that way. What is the ultimate goal? There are […]
Pricing Your Services: Don’t Sell Yourself Short
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xendoo Team
Does this sound like you? You offer great quality service, you have an excellent customer base, but you’re still making very little if any, profit. There could be many reasons for this, but one of the most frequent is that you’re not charging enough. Here’s how to stop undervaluing yourself and get the money you […]
Developing a Pricing Strategy for Professional Services
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xendoo Team
As a professional services provider, did you know that the way you price your services is actually part of your overall marketing strategy? Whether you’re an accountant, lawyer, or business coach — if you’re pricing your services without thinking it all the way through, you could be underselling or underachieving the goals you’ve set for […]
6 Ways to Cut Overhead Costs
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xendoo Team
Every business has to spend money in order to make money. Here’s how to keep those ongoing expenses from getting too high and impacting your bottom line. Take a fresh look at every single expense. Chances are, some of them have become a habit but can now be either eliminated or achieved in a more […]
Top 5 Tax-Friendly Cities for Small Businesses
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xendoo Team
Small business owners know that every penny counts when paying taxes. The difference between a high and low tax burden can significantly impact a small business’s likelihood of survival. That is why picking the right city to base a business operation is important for entrepreneurial success. From small cities to major ones, certain U.S. cities […]