July 19, 2019

 Taxes. The word strikes fear in most small business owners. They prefer the ostrich approach to taxes–if I keep avoiding it, everything will be ok. But as much as you dread filing your taxes, it is a necessity. So let’s walk through some of the potentially confusing things together. In this post, I’ll cover the

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June 21, 2019

It has taken a lot of hard work, but you are finally earning income from your blog. That’s the good news. The not so good news is that you need to report your income to the IRS. This post will help explain how you can save money by recording and deducting eligible blog expenses.  Many people feel overwhelmed

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June 5, 2019

When setting up your small business bookkeeping for the first time, you must select a start date, the date on which you begin to bring your business financial transactions into your bookkeeping program. Many factors go into selecting the ideal start date for your small business bookkeeping. In our discussion we’ll be assuming you are

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February 18, 2019

Productivity is a word we throw around a lot! But can a few resources actually help you become more productive? The 2019 Ultimate Productivity Bundle is promising just that. I bought the bundle myself so that I can help you answer, is the 2019 Ultimate Productivity Bundle right for you? Is it worth buying?

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February 5, 2019

South Dakota vs. Wayfair has radically changed sales tax. If you are a small business owner of any type, you now need to consider, should I collect sales tax from other states? This question used to be easy to answer, now, not so much. Let’s take a look at what has changed in the world

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January 26, 2019

There are at least 101 tax deductions for Etsy sellers! Don’t miss out on a single tax deduction for your Etsy shop business. Whether you sell handmade products, craft supplies, or vintage lovelies, we have got you covered! Here are 101 tax deductions to get you started!   This post contains affiliate links, see my disclosure here. This

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December 19, 2018

It’s quite easy to claim a business mileage tax deduction on your small business tax return. Whether you are an Etsy Seller, a blogger, a virtual assistant, or any number of things, most likely you are using your car on occasion for business purposes. That is your signal to calculate your business mileage tax deduction!

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November 26, 2018

When Etsy announced a partnership with QuickBooks to provide QuickBooks for Etsy, I knew I had to check it out. As an accountant, I am very picky about my accounting software. As an Etsy Seller, I want quick and easy financial data. This was the perfect opportunity to test and find the best accounting software

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November 16, 2018

With the recent changes to the shop payment account on Etsy, I fully expected to find the amount of sales tax collected (and therefore sales tax payable) right on one of their new pretty charts. A pretty important number to bookkeeping success! When I could not find sales tax information anywhere in the new shop

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November 16, 2018

In November 2018 Etsy created a new Etsy payment account and eliminated the separate Etsy bill. Now all Etsy fees are deducted from Etsy sales before the remaining money is deposited into your bank account. In light of these changes, the process for recording Etsy deposits and Etsy fees in QuickBooks Simple Start has changed.

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