How to Plan for the IRS Standard Mileage Rate Change in 2016 Attention all food trucks operators, delivery drivers and road warrior marketers! (Oh, and anybody using their automobile for business purposes? You’d better listen up, too.) The IRS has changed the standard mileage rate. As you might remember, the standard mileage rate is one of the ways…
“Can I Write It Off?” – Business-Related Gifts
Wondering if you can write off business-related gifts on your 2016 tax return? Here’s everything you need to know. Say what you will about the commercialism of Valentine’s Day, it’s great for working folks! Our office was awash with chocolates, cookies, flowers, cards, and boxes of those chalk-textured conversation hearts. (#FunToRead #GrossToEat) Of course, we sent our…
2016 Tax Season Countdown: February
Want a stress-free tax season? Here’s the stuff you need to do and when you need to do it. My mom used to always grumble when Christmas advertisements showed up a week before Thanksgiving. “They’re ruining the holiday,” she said. I remember thinking Um, you’re crazy…who doesn’t want to think about Christmas as soon as possible?!…
Xero + Shopify – A Marriage Made in Cloud Accounting Heaven
Our favorite cloud-based accounting system just got awesomer. We didn’t think Ben & Jerry’s could get any better. Then they put a cookie core in it and blew our minds. That’s about how we felt when we heard that Xero, our favorite cloud-based accounting system, was combining forces with e-commerce engine Shopify. In case you haven’t…
Financial Mentors — Finding Your Obi Wan Kenobi
Finding a financial mentor may not be your “only hope” … but it will get your business year off to the right start. Is it safe to start talking about the new Star Wars yet? No? Fine. We’ll stick to a character everybody knows while we talk about one of the most important things that can help your business…
The Bottom Line Team Named on Hubdoc’s Top 50 List (for the second year in a row!)
Some things never get old. And high on the list of those things is an award from our favorite cloud-based documentation software, Hubdoc. For the second year in a row, The Bottom Line team has been recognized on Hubdoc’s shortlist of Top 50 Cloud Accountants in North America. [Tweet “For the second year in a…
How We Discovered the Power of Full Engagement
The book that helped the Bottom Line team tap into their secret sources of productivity. It all started with a Huffington Post blog. No, not one of the gossip section ones…it was a post written by Justin Rosenstein about his tips for better productivity. This is the guy who invented Asana, the project management software, so…
What 2015 Brought to the Bottom Line
The Bottom Line team shares its top business lessons learned in 2015. Which teachers do you remember best from school? For me, it was Mrs. DeWitt in first grade (who was my favorite teacher ever) and Mr. Payton in seventh grade (who was by far the worst). I can tell all kinds of stories about what made each of…
What Your Business Wants for Christmas – Part 2
For a healthy, prosperous 2016 business year, your final task for 2015 is to relax. The other day, I was at a Christmas party where we were playing holiday trivia. One of the questions turned to A Christmas Carol. You know, the story by Charles Dickens about the greedy old man, Ebenezer Scrooge, who is…
What Your Business Wants for Christmas – Part 1
At this time of year, a little end-of-year business preparation can really make the season bright. Part 1 of our two-part series is a short-and-sweet checklist for end-of-year planning. It outlines the steps you need to take for end-of-year planning, and even includes the best tools that will make it easy. If you spend just…