Shoebox Records

BENEFITS OF BEING A SMALL BUSINESS OWNER

As you know, US tax laws have made it advantageous for you to form and own a small business. Whether you are thinking of starting a business or are already a business owner, there are significant benefits of business ownership that you should be aware of. There certainly are personal advantages to business ownership and Shoebox Records^TM wants to help you maximize your bottom line.

There are tremendous dollar savings associated with structuring your business operations properly and correctly documenting all of the allowable tax deductions. In addition to the obvious business operating expenses like the purchase of office supplies and computer equipment, depending on your particular business and location, you may be able to deduct all or a portion of:

• Automobile expenses
• Rent or mortgage expenses for a home office
• Utilities related to a home office
• Entertainment expenses
• Business travel expenses

There are also tax advantages to employing your spouse and children in your business, setting up a medical reimbursement plan, setting up an IRA, using two cars for business, proper business form election (Sole Proprietor, S corporation, C corporation), etc. We strongly recommend that you consult with a qualified tax professional to learn about all of the tax savings that may apply to your particular situation.

WHY YOU SHOULD BE USING SHOEBOX RECORDS

Poorly managed record tracking of your business income and expense activities dramatically reduces the benefits of business ownership and increases the amount of tax dollars you pay. Properly managed record tracking can save you hundreds and in some cases, even thousands of tax dollars.

Shoebox Records provides you, the small business owner, a visually smart and functionally simple interface to rapidly enter and report your daily income and expense activity. In contrast to today’s typical accounting software, Shoebox Records leaves out the superfluous accounting functionality which tends to complicate data entry and confuse the end user. In addition, our software provides an on-demand interface to allow your accountant (with your permission) the ability to review your business financial activity on a real-time basis. As a result, your accountant can provide you with advice and tax strategies to save you money right now - not wait until year end!

FEATURES, ADVANTAGES AND BENEFITS

• A simple, easy to use interface to accurately record your income and expenses - saving you valuable time!
• Automated income and expense categorization answers your question ”Where do I put this receipt/payment?“ - there’s no need for knowledge of accounting and tax laws
• An easy-to-use method for you to track your automobile expenses - saving you money
• A proactive environment - providing your accountant a real-time view into your business’ financial activities
• Ability to access and update your records over the internet anytime / anywhere
• Reports can be generated in hard copy or uploaded electronically giving both you and your accountant the peace of mind of knowing your business data is accurate and complete

• Business Auto Tracking
• Business Reports
• Income and Expense Record Tracking
• Invoicing
• Reconciliation