Set the office 365 Small Business Password Policy using Powershell or Online 2 Ways
Download the Windows Azure AD Powershell from here
http://technet.microsoft.com/en-us/library/jj151815.aspx
Install Microsoft Online Services Sign-in Assistant
http://go.microsoft.com/fwlink/?LinkId=286152
Install the Windows Azure AD Module
64bit http://go.microsoft.com/fwlink/p/?linkid=236297
32bit http://go.microsoft.com/fwlink/p/?linkid=236298
Run the windows Azure Active Directory Module for Windows Powershell as ADMINISTRATOR
Type in the following commands to get connected to your Office 365 account
Set-ExecutionPolicy RemoteSigned
$LiveCred = Get-Credential
$Session = New-PSSession -ConfigurationName Microsoft.Exchange -ConnectionUri https://ps.outlook.com/powershell/ -Credential $LiveCred -Authentication Basic -AllowRedirection
Import-PSSession $Session
Connect-MsolService -Credential $livecred
Type in the following command to get the password policy for all users
Get-MSOLUser | Select UserPrincipalName, PasswordNeverExpires
Type in the following command to get the password policy for a specific user
Get-MSOLUser -UserPrincipalName <user ID> | Select PasswordNeverExpires
Type in the following command to change the password policy for all users to never expire
Get-MSOLUser | Set-MsolUser -PasswordNeverExpires $true
Verify settings by typing in the following command which is the same as above
Get-MSOLUser | Select UserPrincipalName, PasswordNeverExpires