Self Help

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How to Pay Yourself as a Sole Proprietor (so you can buy ice cream)

Sometimes it can be confusing on how to properly withdraw money from your business and record the transaction in Xero. Below are the top questions that I get asked on this topic. Let’s tackle them one at a time. First, what the heck is a “Sole Proprietor”? Per the IRS “A sole proprietor is someone [...]

By | July 21st, 2017|General Topic, Self Help|0 Comments

10 Recommendations for An Easier Tax Filing in 2018

The 2017 tax filing season is now over and many people are restocking the stash of chocolate in their homes (including the secret one hidden above the washing machine). You are not alone if you treat tax symptoms with creamy, sweet, heavenly chocolate.  Tight shoulder muscles? Crunch on a dark and nutty chocolate chunk. Elevated [...]

By | May 23rd, 2017|General Topic, Self Help|0 Comments

Why you should keep your personal and business expenses separate.

It’s Friday night and you are on the way home after a great week running your own business. You stop by the store to pick up a few provisions to make it through the weekend (chips, beer, diapers, it depends on your situation). You rush to the teller and start fumbling through your wallet and [...]

By | November 11th, 2015|General Topic, IRS News, Screen Casts, Self Help|0 Comments