August 13, 2019

Building a successful business is exciting, but it also stretches you. But like a savvy business owner, you realize the importance of ongoing education, and you’re committed to learning everything you can in order to grow. As part of your growth strategy, you might decide to attend an out of town business conference that’s relevant

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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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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

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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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September 5, 2018

“How do I pay myself from my small business?” is one of the most common questions I am asked. Related to this question is, how much can I pay myself? If you are sole-proprietor or a single-member LLC (not filing as an S-Corp), the answer is shockingly simple. You can pay yourself how much you

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April 20, 2018

As a new Etsy seller, you want your business to thrive and grow as quickly and simply as possible. As an Etsy Seller since 2012, I have learned a few things about running a successful Etsy shop. Get ahead of the game with your shop by following my top tips for new Etsy sellers.

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