Reporting live from Xerocon London!
February has been a very UK-centric month for Expensify so far. Last week, we officially launched our UK office, and this week we’re attending Xerocon London and hosting our UK launch event. We’ve been having a great time so far, meeting amazing Xero partners and Add-ons. While we’re revelling in the buzz of the Xero ecosystem, we’re really excited to announce our latest upgrade to our Xero integration. Continue Reading…
This guest post is Part 2 in a 3-part series discussing taxes written by Christopher Remus, author of Tax Pain Relief.
In Part 1, I talked about the different sources of tax season pain such as stress, tension, and anxiety. This pain is compounded by our attempt to avoid the pain by procrastinating, which only serves to add more pain to the process of getting our taxes filed.
The good news is, it’s possible to break the tax pain cycle using the system outlined below. How do you get started? Simply follow these five manageable steps outlined below. Continue Reading…
This guest post is written by Dave Anderson, Inbound Marketing Specialist at Xero.
Running a business often requires making some tough decisions. And the decisions only get tougher when they impact your bottom line.
Fortunately an accountant will help during these times. Many people believe they are limited to doing the books and preparing tax returns, but an accountant can help you with so much more.
They can advise you on the best course of action of your business, based on their expertise and a deep understanding of your finances. Here are some common situations small businesses face where it makes sense to hire an accountant: Continue Reading…
When I was a child, my mom collected shoeboxes. Big boxes, tall boxes, small boxes, etc. Their varying sizes made them a great storage option.
My parents own a slew of vending machines in and around my hometown and keeping track of their expenses during the year was never a huge priority. As a result, my mom finds the best-priced soda at one store then travels to the next, even if it’s only because she has a coupon for potato chips. She had receipts from Sam’s Club (a retail warehouse), gas stations, grocery stores, and more. It’s a lot of driving and even more receipts.
This guest post is Part 1 in a 3-part series discussing taxes written by Christopher Remus, author of Tax Pain Relief.
According to the the American Psychological Association’s 2014 Stress in America survey, “Paying with Our Health”, money is the most significant source of stress in our lives. So much that money has “consistently topped Americans’ list of stressors since the first Stress in America survey in 2007.”
The hard-and-fast tax season deadlines associated with tax filing dates make it nearly impossible to avoid coming face-to-face with this major source of stress in our lives.
The same study states that “nearly three-quarters (72 percent) of adults report feeling stressed about money at least some of the time and nearly one-quarter say that they experience extreme stress about money.” Continue Reading…
While some celebrate February with chocolate and roses, it can be a headache if you’re an accountant trying to meet the February 17th deadline for payroll taxes. For those of you who are in an unhappy relationship or looking for a new payroll system, we picked out a few that we think would be a great match.
It’s that time of year again!
Joy to the world, Christmas is here!
Yes, Christmas and New Year’s are just around the corner, but what I’m really talking about is new tax rules for 2015! Here are the top four that you should pay attention to when doing your expense reports and due diligence next year. Continue Reading…
I know I’m not alone when I say taxes can be confusing. So confusing that the annual changes to the laws and rates has given birth to a 7.7 BILLION dollar tax preparation industry. Whether you have someone do your taxes, or you do them yourself, here’s a couple tips for using Expensify in 2014. Continue Reading…
Tax season is fast approaching and the Chicago Tribune has posted an interesting list of some oft overlooked tax deductions which many people may qualify for.
Expensify is all about making your life simpler, including the burden of taxes. A good example of this comes from #5 on the Chicago Tribune list: a mileage and toll deduction for a move related to a new job. While it may be too late to do so for 2009, start the new year off right; set up a mileage relocation unit in Expensify:
Moving for work? Create a new expense report, and log an expense for “relocation mileage” (or whichever name you give to the unit) as the number of miles you’ve traveled for your new work. It will automatically be converted in to the reimbursable rate for the miles you’ve traveled. Make sure to import all receipts for gas and tolls, or, if you paid with cash, snap a picture of the receipts with our mobile app and add them to your expense report. Come end of the year, expense reports like these will help you maximize deductions on your taxes.
Get 2010 started right; start logging expenses early to get the most available deductions at the end of the year.
