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 [...]
morePosted by: Wray Rives, February 2, 2010
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
Selling on eBay just got a whole lot easier with the release of our Bookkeeping Selling Manager App that manages sellers' books and simplifies tax time. The easiest way to track and manage eBay financial records, Outright's free, online bookkeeping software imports transaction data from your eBay account, automating transaction records and making everything readily [...]
morePosted by: Paul O'Brien, August 19, 2009
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
Many of our customers have been requesting the ability to track income and expenses according to their own categories. And we certainly understand - the default list of Schedule C categories leaves much to be desired ("Depletion" anyone?)
Today we released the ability to add your own categories. Just go to the Category Settings page by [...]
Posted by: Kevin Reeth, April 21, 2009
Many freelancers are using leading marketplace providers like oDesk to help them earn a living. It's a great way to get exposure to tons of work opportunities. Software programmers, web developers, graphic designers, freelance writers, even virtual assistants can find opportunities through oDesk.
And now, Outright.com is making life easier for the more than 220,000 people [...]
morePosted by: Kevin Reeth, April 1, 2009
Outright customers have been able to automatically import invoices and payments from FreshBooks for many months now. The feedback and suggestions over that time has been really great. Today we want to let folks know that we've taken the integration one step further and now also automatically import FreshBooks expenses every night as well. Here's [...]
morePosted by: Kevin Reeth, February 28, 2009
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
Your Livelihood Right Now
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