In our last post, Ecommerce Sales Tax 101 we talked about what nexus even is and who it applies to. Today, we are going to go into more detail about what you need to do if you think your online shop has sales tax nexus in one or multiple states. There are some steps that […]
In June 2018, the Supreme Court ruled in favor of South Dakota in the South Dakota vs. Wayfair case which changed the game for online retailers. Gone are the days where online shop owners only had to collect sales tax in states they operate in. Now in 2019, online shop owners have to pay close […]
If you’re in the online retail space you may think it’s nearly impossible to really engage with your customers. We live in an age where we can search online for what we need, click to pay, click to ship, click to leave a review, click to return, click to ask a question….you get it, right? […]
Something amazing happens when a group of people come together in one place and truly get to know one another: unity. Unity brings better relationship dynamics and productivity in your workplace. If you are the owner of a remote business or you work for a remote business, then you understand the feeling of isolation that […]
Running an online retail shop can be a rollercoaster ride sometimes, right? From working with our clients that run online retail, we know that sometimes you just want that consistent feeling of steady income each month but sometimes that just doesn’t happen. Maybe you have steady sales each month but month over month those sales […]
Whether you’ve already filed your taxes or you are gathering everything to prepare for “tax day”, you probably have heard through the grapevine, read somewhere your maybe even your CPA told you that starting with 2018, you can no longer deduct entertainment expenses and a lot of the meal deductions we previously were able to […]
Poor financial management is the number one reason businesses fail. Bookkeeping and accounting are absolutely essential for every business, and in today’s modern world, your bookkeeper and accountant could be on the other side of the country. Virtual bookkeeping is an extremely convenient, cost effective way for small businesses to get their books done. Having […]
The Supreme Court Sales Tax Ruling is changing the game for online retailers. Many states are requiring online retailers to collect and remit sales tax even if they business does not have a physical presence in the states. This will be a major shift for online retailers and for consumers who are accustom to not paying sales tax when shopping online.
Bookkeeping and accounting are two different things, who knew? To most, the two functions appear to be the same profession. Today, we are breaking down the main differences between bookkeeping and accounting. While there are some similarities between the two, you will come to find they are most definitely two separate functions. Let’s start with bookkeeping!
Last year we talked about ways your small business could give back. Now, you have made a commitment as a business owner to give to your favorite cause, organization, or initiative, congratulations because that is awesome! But now that you are actively giving back as a business, you will want to record and write off your charitable contributions. Why you might ask? First off, that’s good practice, and second, tax breaks! We are sharing seven tips and tricks for recording and deducting charitable donations.