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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

3 Reasons To Perform Regular Audits Of Your Company's Accounting
30 July 2018

If your business is like many, then you might just

Making The Most Of Your CPA
18 May 2018

Money plays a critical role in the success of any

Benefits Of Using A Payroll Service For Your Company
13 December 2017

Issuing payments and deposits to your employees ma

6 Things First-Time Tax Filers Should Know
21 February 2017

If you are filing your taxes for the first time, t

Self-Employed? Make Sure You Avoid These Three Common Tax Mistakes
13 January 2017

Doing your taxes as a self-employed individual is

3 Reasons To Perform Regular Audits Of Your Company’s Accounting

If your business is like many, then you might just count on your accounting team—whether in-house or outsourced—to take care of bookkeeping and financial records. As long as you don't notice any glaring errors or discrepancies, then you might not ever think about hiring an audit firm to take a second look at all of your accounting paperwork. However, you might find that regular audits from an outside firm are actually a good idea. Read More 

Making The Most Of Your CPA

Money plays a critical role in the success of any business. Since small business owners might not know the most about accounting practices, it can be beneficial for entrepreneurs to hire a certified public accountant (CPA) to manage their financial affairs. Working with a CPA can seem like a daunting task, but there are a few simple tips and tricks you can use to ensure that you get the most out of the services your CPA can provide in the future. Read More 

Benefits Of Using A Payroll Service For Your Company

Issuing payments and deposits to your employees may be critical tasks, but this is a type of work that may force you to neglect your activities and responsibilities that generate revenue. Due to this, many individuals will benefit from using payroll services to help them complete this essential task. Improve Efficiency Depending on the number of employees that you have and the payment structures that are in place, completing payroll could be an extremely lengthy task. Read More 

6 Things First-Time Tax Filers Should Know

If you are filing your taxes for the first time, the experience can be a bit scary and intimidating. Even tax professionals occasionally find themselves stumped with intricate questions. This guide will help you with some of those frequent questions that pop up surrounding tax season. 1. File Your Taxes ASAP In an ideal world, you would file your taxes as quickly as possible. You typically have until April 15th, plus or minus a few days depending on the weekend. Read More 

Self-Employed? Make Sure You Avoid These Three Common Tax Mistakes

Doing your taxes as a self-employed individual is a little different than doing your taxes as an employee. Here are three mistakes that you need to make sure that you avoid on your taxes; all three of these mistakes could end up costing you a lot of money. Mistake #1: Not Reporting Income Correctly One of the biggest mistakes that you can make when doing your taxes is not reporting your income correctly. Read More