Xero, the global small business platform, today unveiled that it will roll out a series of significant technology and design updates to new reports over the next six months, to help accountants and bookkeepers unearth and present valuable insights for clients. The new updates are part of Xero’s broader investment
Barter and Trade are some standard terms used while you run a business, and some users are still unsure about the difference between the two. While Barter is a non-cash transaction, Trade involves money for goods and services. As an integral part of your organization, you must mention these transactions
Opinions expressed by Entrepreneur contributors are their own. Every company in every industry has accounting needs, and those needs change dramatically as a company grows and expands. When a company has a true partnership with an accounting firm, it’s able to think multiple steps ahead and make sure there’s a
Diverse offerings, like bundled services your business clients may feature, can be attractive to consumers, but the tax implications can get complicated. Moreover, some of these services may even present the same tax obligations or associated regulations. Communications tax is different than regular ol’ sales tax, which is typically based
Self-employed workers have become a prominent demographic amidst the COVID-19 pandemic. Labour Market Information Council reports that in Canada, as much as 73 percent of self-employed people are working for their solely-owned businesses. While the numbers are less clear in the U.S., where nearly anyone can set up an LLC, the chances are that
It’s being called the “Great Resignation.” In 2020, the pandemic brought into clear focus what today’s workers value: work-life balance, working remotely and a shared cultural fit. Not all employers recognized this swing—but they are feeling the effects of it. According to the U.S. Bureau of Labor Statistics, four million
Zoho Books is a simplified accounting application with the aid of small business owners. It is crucial that you enter your business details in the records when you have switched from another software to Zoho Books. One of the most critical components of these records is the opening balance of
If you have a client that is a new seller, are you aware that consumer use tax is just as obligatory as sales tax? Many sellers overlook this fact and fail to report it properly. Where there’s sales tax, there’s usually use tax — most states that levy sales tax
Homeowners know only too well that their treks to hardware stores, calls to plumbers and emergency replacements of appliances dent their checkbooks. Owners also ought to know why it’s important for them to keep good records on what their outlays add up to. The ones who scrupulously hoard receipts lose
After a crisis, we often look back at the way things were before and find them quaint. The ways in which we measured performance and value before the onset of the COVID-19 pandemic now seem outdated. Historic drivers like scope, scale and efficiency are rapidly being replaced by new and transformative value drivers
