Should You Claim the Home Office Deduction?

It can reduce your income tax obligation, but be sure you understand the IRS’s rules. One of the many ways the internet has changed business over the last two decades is the increasing numbers of part-time entrepreneurs. Simple do-it-yourself website design tools have made it possible for

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Creating One-Time and Recurring Bills in Xero

Making money is more rewarding than spending it on business obligations. Xero takes some of the drudgery out of your accounts payable duties. Managing cash flow is a challenge for most businesses. There are many things you can do to encourage customers to pay on time, but

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Plenty to Gain with Tax Planning

Consider conducting a tax planning exercise now to see if you can take actions to minimize your taxes. Here are some ideas to get you started. Assess your income. Begin by determining how your income this year will compare to last year’s income. Then apply any tax

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How to Reconcile Accounts in Xero

Manual, paper-based account reconciliation is a time-intensive, grueling task. Xero’s tools make it easier and faster.  There are probably few financial processes that you loathe more than manual account reconciliation. Matching transactions in the checkbook register to the printed bank statement isn’t so difficult, but the ending

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