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organizing your online sales finances for taxes


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organizing your online sales finances for taxes

Running an online sales business has opened a lot of doors for my family. It has provided us with the additional income that we needed to get through some hard times. My wife has been taking care of this business from the beginning and has done quite well with it. The one thing that she overlooked was the bookkeeping aspect of it. She has done her best to hold onto receipts and track spending, but she didn't do very well putting it all into a spread sheet for tax season. If this is something that you are experiencing, this blog can help you reclaim the organization you need to optimize your finances for tax season.

Latest Posts

Need To Calculate Cost Of Goods Sold? 5 Components You'll Need
6 February 2020

Do you need to calculate the cost of goods sold (C

Improving Your Company's Accounting Through Payroll Processing
16 December 2019

When you work for yourself and have some employees

Tax Preparation Services: Why It's Worth The Investment
18 October 2019

Tax time is one of those inevitabilities of every

Denied Innocent Spouse Relief? Here's What Happens Next
18 July 2019

The IRS offers innocent spouse tax relief if you e

Guidelines For Small Business Accounting
30 March 2019

When you're running a small business, small consis

Need To Calculate Cost Of Goods Sold? 5 Components You’ll Need

Do you need to calculate the cost of goods sold (COGS) for your business? While this calculation may be unfamiliar to many small business owners, it is vitally important both to really know what type of profit you have made as well as to keep your taxes low. But how do you come up with this number? The equation itself appears relatively simple, but you will need to know five components in order to do it. Read More 

Improving Your Company’s Accounting Through Payroll Processing

When you work for yourself and have some employees on payroll, you will need to keep learning and growing to properly handle your financial matters. Once it's time to start handling your payroll accounting, it is completely natural to feel out of your depth. If you want some help in this regard, you should take the time to hire some payroll professionals. Read the points presented to learn more about payroll processing. Read More 

Tax Preparation Services: Why It’s Worth The Investment

Tax time is one of those inevitabilities of every year. The early spring often brings with it stress and panic for many adults who need to complete and file their tax returns for the year. The more complex your return, the more stress you'll often feel when it comes time to prepare and file. While many people attempt to go it alone when they file their taxes, it's often best to work with a tax preparation specialist to have the job done. Read More 

Denied Innocent Spouse Relief? Here’s What Happens Next

The IRS offers innocent spouse tax relief if you end up in tax trouble thanks to a current or former spouse. However, relief isn't always guaranteed, and the IRS can turn down your request for a variety of reasons. What happens after you're denied relief? Read on to find out. You'll Get an Opportunity to Appeal  After you receive your denial letter, you'll get a chance to appeal the decision with the IRS Office of Appeals. Read More 

Guidelines For Small Business Accounting

When you're running a small business, small consistencies are important and add up in the long run. You need to make sure that you take care of your accounting, no matter what sort of company you run. By handling your accounting work properly, you will be better able to scale your business and ensure that you're running your business on your terms. To this end, read on and follow these strategies to handle your small business accounting accordingly. Read More