3 Important Hiring Questions: Independent Contractor Versus Employee

3 Important Questions to Answer before Hiring: Independent Contractor vs. Employee

As your business grows, you may need to bring on someone to help you. This might mean working with a virtual assistant for things like social media management or customer support, hiring a photographer for your Etsy shop or blog, or finding someone to help you fulfill orders for your Etsy shop. But before you begin looking for assistance, you need to figure out whether you’re hiring an employee or an independent contractor. It’s important to realize that these two terms (like most things in business) are defined by the IRS. In this post I’ll review the main rules so you can see which category you need to use.

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How to Handle Business Travel Expenses with Confidence

How To Handle Business Travel Expenses with Confidence

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 to your niche. How fun! But those travel expenses can add up quickly. You keep hearing that these travel expenses are tax-deductible, but what exactly does that mean? In this post, I’ll cover the basics of business travel expenses so you can deduct your expenses with confidence.

Disclaimer: This post is for information purposes only and does not constitute tax or legal advice. This post contains affiliate links, see my Disclosures here.

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A Guide to Understanding and Answering the Schedule C Questions

Guide to Understanding and Answering Schedule C Questions

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 basics of the top section of Schedule C, which is the tax form that all sole-proprietorships and single-member LLC’s must complete with their tax return.

Disclaimer: This post is for information purposes only and does not constitute tax or legal advice. This post contains affiliate links, see my Disclosures here.

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How To Save Money By Recording Your Blog Expenses

How to Save Money By Recording Your Blog Expenses

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 by the bookkeeping and accounting aspects of their blog business. But let’s break it down so you know what you need to be doing to track your income and expenses.

Disclaimer: This post is for information purposes only and does not constitute tax or legal advice. This post contains affiliate links, see my Disclosures here.

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Select the Ideal Start Date for your QuickBooks Bookkeeping

Select the Ideal Start Date for your QuickBooks Bookkeeping

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 using QuickBooks Online Simple Start, which is my recommended bookkeeping program. Keep in mind that establishing separate financial accounts for your business, is a crucial first step before using a bookkeeping program.

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My Completely Honest Review of the 2019 Ultimate Productivity Bundle

Is the 2019 Ultimate Productivity Bundle right for you? Read my honest review!

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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Should I Collect Sales Tax From Other States? – Internet Sales Tax & Economic Nexus

Sales tax has changed a lot in recent months! Learn all about the new economic nexus laws for sales tax and whether you need to collect and remit sales tax to more than just your state. The internet sales tax explained and help for how to comply easily! | SmallBusinessSarah.com

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 of sales tax and what you need to do about it as a small business owner.

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101 Tax Deductions for Etsy Sellers

There are so many tax deductions you can take as an Etsy seller! Don't miss a single one! | www.SmallBusinessSarah.com

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 post is meant for general informational purposes only, and should not be taken as legal, tax, or accounting advice.

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How to Get a Business Mileage Tax Deduction

How to get a business mileage tax deduction

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! Let me show you how.

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Best Accounting Software for Etsy Sellers 2019

Discover the best accounting software to use if you are an Etsy seller. I review and analyze three different accounting programs to find the best for Etsy Sellers.

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 for Etsy sellers.

QuickBooks for Etsy uses a version of QuickBooks called QuickBooks Self-Employed. I have been using QuickBooks Simple Start, for many years. Keep in mind that QuickBooks Self Employed is a completely different type of program than QuickBooks Simple Start. Same company, completely different program.

In this article, I will discuss both QuickBooks Self-Employed and QuickBooks Simple Start. In addition, I had also heard many Etsy sellers rave about Go Daddy Bookkeeping for Etsy sellers. This seemed like a perfect opportunity to test and compare all three programs.

Let me help you find the best accounting software for you, as an Etsy seller, so you can get your Etsy bookkeeping done super fast each month!

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