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Finance: Free Tax & Bookkeeping Site

Track Expenses & Estimate Taxes

Here at SCORE, we’re always looking for free resources to help you start and grow your business. Outright is a great tool to start off the year.

Many small businesses don’t need (and can’t afford) expensive accounting software. Small startups generally just want to manage income and expenses, figure out their taxes and track overall progress. Well, this site does it all. The tax calculation feature is especially helpful for businesses that need to file quarterly taxes.

Outright is a great tool for small biz, especially contractors and freelancers.
It provides income and expense bookkeeping, Schedule C and W-9 automation, and support with deductions and taxes. It also allows you to give access to your accountant, clients and contractors. Now, how great is that?

What other free tools have you found to help with your small business? Share them in the comments section.

Jacalyn Barnes, SCORE
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For 50 years, SCORE has helped aspiring and current small business owners achieve their dreams. Through a network of over 11,000 volunteer business mentors in 340+ chapters across the country, SCORE connects decades of business experience and knowledge with those who can best use it. | Facebook | @SCOREmentors | More from SCORE


Finance: Credit Card Reform & Small Biz

What affect will the new Credit Card Reform Act have on small business owners?

iStock_000008726803XSmallWhen the new Credit Card Reform Act was first unveiled, many consumers breathed a sigh of relief…and most small business owners were feeling left out in the cold.  How the new credit card legislation will affect you depends on two things: 1) what type of card you have and 2) how your small business is incorporated.

Because the new laws alter the Truth in Lending Act (which solely governs consumer loans) they aren’t applicable to corporate cards.  For example, if you go out and purchase office supplies on your personal credit card, you’ll be covered by the new laws. The same goes for purchases made on your business card that’s based on your personal credit. This is the case for most sole proprietors.  However, if you use your corporate card, the rules change a bit.  Limited liability corporations and companies who use traditional corporate credit cards won’t be covered under the umbrella of the new credit card laws.

This isn’t to say that the laws won’t change in the future.  Recently, legislation has been introduced to the House of Representatives that proposes covering small businesses with 50 employees or less by the new credit card rules.

Jean Chatzky, SCORE Guest Blogger
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