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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

Why You Need To Call Tax Preparation Services After An Audit Notification From The IRS
19 September 2022

Have you received the dreaded notification of an a

Training To Become Proficient With Quickbooks
20 July 2022

Quickbooks is one of the most important pieces of

Keys To Setting Up A Trust When Dealing With Estate Planning
25 May 2022

Planning your estate before you pass on is a great

3 Reasons Why Hiring Professional Accounting Experts Is A Valuable Business Investment
11 April 2022

Managing your finances is one of the essential asp

5 Types Of Records That Small Landlords Should Keep Diligently
10 February 2022

More and more Americans see the value of building

Why You Need To Call Tax Preparation Services After An Audit Notification From The IRS

Have you received the dreaded notification of an audit by the IRS? An audit by the Internal Revenue Service (IRS) is a review or examination of an organization's or individual's financial records by the IRS to ensure the accuracy of reported income and compliance with applicable tax laws. Most audits are conducted by mail, but sometimes in-person meetings are arranged. If you receive a notification from the IRS that your return has been selected for audit, don't panic! Read More 

Training To Become Proficient With Quickbooks

Quickbooks is one of the most important pieces of software for many businesses as this can serve as their primary tool for managing their accounting needs. Unfortunately, there are many individuals that will struggle when it comes to using this software. Review The Official Training Documents First  Individuals can often undervalue the important information that may be in the official documentation for any software that they are needing to use. More particularly, individuals may not realize that there are often tutorials and detailed descriptions of the various features of the software and the steps for using it. Read More 

Keys To Setting Up A Trust When Dealing With Estate Planning

Planning your estate before you pass on is a great idea because it brings added organization to the table. Part of this planning might involve creating a trust, which is basically an agreement to let a third-party manage assets for a beneficiary. Using these tips, getting one set up won't be difficult. Consider Using a Digital Service For Added Convenience  You may have a lot of things to deal with when putting together estate plans. Read More 

3 Reasons Why Hiring Professional Accounting Experts Is A Valuable Business Investment

Managing your finances is one of the essential aspects of your entire business management. And this brings in the importance of letting a certified public account handle your business finances for you. Besides bookkeeping, a CPA can also offer valuable financial advice and help you plan for the future, ensuring that you're always prepared for any financial events. Here are reasons why hiring professional accounting staff is a valuable business investment. Read More 

5 Types Of Records That Small Landlords Should Keep Diligently

More and more Americans see the value of building up a secondary income through rental properties. But even the smallest landlord needs to understand good recordkeeping and accounting practices. What types of records should you be tracking carefully? Here are a few of the most overlooked items. 1. Transactions by Unit. While you may view your landlord business as a single enterprise, the IRS expects you to track activity on units individually. Read More