News

What’s in the 2011 Federal Budget for Small Business?

The president has released the 2011 federal budget with a significant number of changes in federal tax laws that will impact self employed individuals and small businesses.  Here is a highlight of some of the proposed changes.

Make the $250,000 Section 179 capital asset deduction permanent.  Section 179 provides that, in place of capitalization [...]

Posted by: Wray Rives, February 2, 2010

Mobile Bookkeeping – Automatically Record Expenses via Phone

Released to Outright last night is a unique bookkeeping feature that automatically imports expenses recorded by phone.
Upon adding "Mobile Expenses" from your home tab on Outright.com, we'll connect with Xpenser, the masters of mobile expense input, to import any expenses you submit through your cell phone. Set up, Xpenser will give you a unique [...]

Posted by: Paul O'Brien, October 6, 2009

Wish you could track who you paid expenses to in FreshBooks?

Well, now you can, thanks to a new Outright.com feature.  Simply start your FreshBooks expense descriptions with @vendor name: and we'll read it correctly and separate who you paid from the rest of the description.
Let's look at an illustration.  Here's a screen shot of the FreshBooks page for adding a new expense. Notice that they [...]

Posted by: Kevin Reeth, May 19, 2009

Release: Outright.com automatically imports receipts from Shoeboxed

Keeping track of expenses is one of the big chores of any self-employed person (or anyone that runs a small business, for that matter). Stacks of receipts accumulate and there's the awful prospect of recording and categorizing these as tax time nears.
To alleviate this, Outright.com has just added tight integration with Shoeboxed, another web-based application [...]

Posted by: Kevin Reeth, February 18, 2009

Helping small business – DC style

Saw an interesting post today in the Wall Street Journal's Independent Street blog on the Presidential candidates' plans for helping small businesses.
One thing that seemed missing was help to push though legislation to make the home office deduction easier. In fact, it's pretty funny to see candidates talk about assistance in covering health care [...]

Posted by: Paul O'Brien, October 14, 2008