Lately we’ve seen a new channel start to rise in our ecosystem: cloud integrators. Cloud integrators are specialists who support small business owners as they implement Xero with some of our many Add-on Partners. The result is a perfect cloud solution to run their businesses.
One of the benefits of the cloud is you can piece together the perfect solution for your business using best-in-class or best of breed apps, instead of using one vendor offering a compromised solution trying to be everything to everyone. This means it’s important to get it right up front and if you’re not an expert on what’s available, that’s where a cloud integrator can help.
Guest blog by Nina Sochon, Managing Director of teleworkhowto.com, Australia
Xero is a great tool for working from anywhere, which is fantastic for business. But you also need to make sure your work health and safety practices are sound.
Australia’s recent Work Health and Safety (WHS) legislation establishes responsibilities for employers regardless of where the work occurs. In several States and both Territories there are now criminal offences, meaning employers are now liable not only for workers compensation but also for civil penalties of up to A$3 million payable to employees who injure themselves at home on the job.
Worksafe has said that working alone can increase the likelihood of some workplace hazards or risks occurring. And when incidents occur, the consequences can be more severe when people work alone.
Setting up a small business is a big challenge. There’s a whole host of things that need to be considered when you want to get it right. Not least making sure you have all the information you need to be able to make well informed decisions. All that information needs to be up to date and available whenever you need it. It’s key to the success of the business. Having all that information available is one of the ways that you’ll be able to build a great working relationship with your accountant too.
A couple of weeks ago I went to the heart of London’s new tech centre, the Old Street roundabout to meet with small business owner David Abrahamovitch. He founded Shoreditch Grind, an independent coffee and cocktail house that opened two and a half years ago, with the aim of bringing better coffee to Londoners.
Shoreditch Grind London recommends Xero accounting software from Xero on Vimeo.
Using their Alice Springs-based nonprofit client BushMob as a case study, Matrix on Board told the story of how they’ve used Xero to offer a solution that was easy for anyone to use, creates beautiful financial reporting and gives the ability to access support from afar.
BushMob helps disadvantaged and disaffected Australian youth by taking them to the bush for adventure-based activities, helping them to heal and encouraging them to reconnect with society.
Matrix’s financial management support has helped BushMob enhance its ability to bring positive change to the lives of young people, many of whom struggle with drugs and alcohol.
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A video from from one of our lovely partners Jeri Murphy.
Clio is cloud-based Legal Practice Management software for small-mid sized law firms.
From unique ‘matter-centric’ task management workflows to robust time and billing, Clio is packed with great functionality and reporting.
It even helps law firms manage documents and collaborate with clients – all in the cloud.
Who is Clio for?
Clio is for law firms looking to better manage their entire business from virtually any internet connected device.
By Ryan N. Lazanis, CPA, CA, Xen Accounting, Montreal
This is part two of Ryan N. Lazanis blog on Canadian sales tax. View part one here.
As you record your sales and expenses into Xero throughout the year, you should also be recording the appropriate amount of taxes on each transaction by selecting the correct sales tax rates for each individual transaction.
When it is time to remit your taxes to the government, you will be able to retrieve the figures to report through Xero’s sales tax report. You will need to select the appropriate reporting period. If you have sales in various provinces, and if you have followed my steps above to segregate tax rates by province, then this should be rather simple to do. All the sales taxes collected and paid will be separated by province and you can fill in the reports you need to with the information available in Xero’s sales tax report. Easy peasy!
Guest blog by Ryan N. Lazanis, CPA, CA of Xen Accounting, Montreal
Whether you like it or not, reporting your sales taxes accurately is critical. Make a mistake and your precious business could pay dearly in interest and penalties. So it’s super important to make sure you’re setting up your sales taxes correctly in Xero and recording and reporting the correct figures.
Sales tax accounting is enough to give most people a headache. It’s one of the most complicated areas of accounting and it’s easy for things to get messy quickly.
However, if you follow the steps outlined below and create some systems to make sure you’re entering your data correctly into Xero, there’s no reason why you can’t have things run smoothly.
If you are a US based or tax registered business, you must send out a Form 1099-MISC to each non-employee person to whom you’ve paid more than $600 for work during the year. These are usually referred to as contractors. Form 1099-MISC must be delivered to the contractor by January 31, 2014 for tax year 2013 and also sent to the IRS by the end February, if you’re sending paper, or by April 1, 2014, if you opt to e-file. Complete instructions from the IRS for 1099s are found here and here.
Here are our top tips for making 1099’s as easy as possible:
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I’ve recently joined the Small Business Web board and am thrilled to help this organization continue its journey towards creating better, more integrated web of business applications.
The Small Business Web is a trade association that believes in world where software works to help small businesses around the world be more efficient and productive. It is made up of nearly 200 companies who are pursuing a vision where anyone, without restriction, can build, sell and use software using infrastructure common by all. Continue reading ›