Menu

organizing your online sales finances for taxes


About Me

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

Beyond the Numbers: How Accountants Provide Valuable Business Consultation
15 February 2024

Accountants are often seen as number crunchers, fo

The Crucial Role of an Accountant in Managing Restaurant Books
2 November 2023

Operating a restaurant involves juggling multiple

Reasons To Seek Professional Tax Preparation
24 August 2023

Well, it's going to be tax time again before you k

4 Bookkeeping Tips For Starting A Small Business
8 June 2023

Bookkeeping is essential to running a small busine

Understanding Different Types Of Taxes
26 April 2023

Taxes are a necessary part of life, funding essent

The Crucial Role of an Accountant in Managing Restaurant Books

Operating a restaurant involves juggling multiple responsibilities simultaneously. From crafting mouthwatering menus to ensuring exceptional customer service, restaurant owners have their plates full. Amidst this hustle and bustle, managing the establishment's books can seem like a daunting task. Herein lies the value of hiring an accountant—a decision that can streamline financial management and contribute to the restaurant's success. The Multifaceted Role of an Accountant in a Restaurant Here are just some of the things you can expect an accountant to do for you in your restaurant. Read More 

Reasons To Seek Professional Tax Preparation

Well, it's going to be tax time again before you know it. It's never too early to get prepared, so you might want to start gathering your receipts and whatever records you have that need to be included when you file the upcoming taxes. However, before you actually do the filing on your own, you might want to think about giving all of your data and documents to a tax professional. Read More 

4 Bookkeeping Tips For Starting A Small Business

Bookkeeping is essential to running a small business. That is even truer during the early days of your operation. Follow these four tips to ensure your small business bookkeeping will always be on point. Segregate Accounts Segregating accounts refers to the idea of separating any accounts that might have conflicting interests from a business perspective. The most obvious segregation is between personal and business accounts. Keeping these separate will ensure that your personal spending doesn't draw from the business and push it closer to the financial brink. Read More 

Understanding Different Types Of Taxes

Taxes are a necessary part of life, funding essential public services and infrastructure. Though the concept of taxation is simple, the actual tax landscape can be quite complex, with multiple types of taxes levied by various levels of government. Here's an overview of the different types of taxes.  Income Tax Income tax is imposed on the earnings of individuals and businesses. This includes wages, salaries, commissions, and other forms of compensation, as well as business profits. Read More 

Leaving Your Corporate Job To Freelance? Get An Accountant Before You Start Earning Money

If you quit your corporate job and decided to freelance on your own, but you are unsure how to save money and how you're going to deal with taxes at the end of the year, get an accountant. You can budget for the expenses that come up as a business owner and figure out how to pay yourself more easily when you have professional help. Having an accountant will also save you a lot of time, especially if you have to bill people for your services. Read More