The Shoeboxed Blog

Entrepreneurship, staying organized, DIY accounting, and the latest Shoeboxed news.

SBA Loan Down Payment: How I Bought a $1M+ Business for 5% Down (And A Warning)

Most people think you need hundreds of thousands in cash to buy a business. I bought Shoeboxed for 5% down using an SBA loan. Here's exactly how the deal worked—the seller financing, the standby note trick, and why the personal guarantee should terrify you. This is the real case study with a full breakdown of how I used an SBA loan to buy Shoeboxed.

True Tax Crime: The Ghost Tax Preparer of Augusta

When a friendly Augusta tax preparer promised huge tax refunds, no one expected the IRS would call him a ghost, fine him $1M, and send him to federal prison. Dive into the $1M refund scam that fooled a community, and see how a real IRS Enrolled Agent breaks down the mistakes and red flags that alerted the IRS.
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Shoeboxed Staff Writers

Mileage Ace Mileage Tracker Review & Alternative: Best GPS Mileage Tracker?

Did you know tracking the miles you drive for business could save you thousands on taxes? Drive 10,000 business miles and you can knock about $2,600 off your bill at the highest tax bracket. In this expert review of the Mileage Ace automatic mileage tracker, we break down whether it delivers on that promise — and if it’s the right tool for you. Read to the end for a free alternative.
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Shoeboxed Staff Writers

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