Q4 and Taxes: What’s Your Strategy?
It’s August—the lull before Q4, or maybe not a lull if you’ve gotten crazy busy with COVID sales. In any case, we must look ahead to Q4 and tax time and anticipate how we’re going to handle what may be an unprecedented level (or a new precedent) of online sales. There are a few of […]
The IRS Website: A Valuable Tool for Business Owners
Tax season is here again, bringing with it a load of forms and paperwork. Despite the hassle, accessing the necessary IRS forms and instructions is relatively straightforward through their website.
Track 1099—Making Tax Time Easier for Ecommerce Sellers
The holidays are a wrap, and not only are we facing a new year, we’re entering a new decade! I can hardly believe how quickly time flies. I can’t help but get excited when I think about all the amazing things the future holds for us! Amazon Seller Tax Information Overload! Regardless of what type […]
7 Profit First Steps to Create Your 2020 Vision
So, 2019 is a wrap. I’ve seen mixed reviews about the year on Facebook; everything from best sales ever to very lackluster results. At this point, you’re probably focusing on next steps. Let me suggest a few that I’ve seen help clients successfully prepare for the upcoming next year.
6 Things Ecommerce Sellers Need to Know When Preparing 1099s
At bookskeep, we are always looking ahead and planning for the next quarter, the next year, and the next awesome thing to keep us focused and at the top of our bookkeeping game! This time of year, we’re looking at year-end and all the reporting that has to be done for our clients to help […]
Don’t Let Tax Season Catch You By Surprise!
The days are getting shorter and cooler. You can smell the pumpkin spice lattes everywhere. It must be fall, y’all! At bookskeep, October through December is Tax Planning Season. We believe in being proactive, and we encourage our clients to start early and put in a little work ahead of tax season so they can […]
Sales Tax 101 for Online Sellers
It can be overwhelming when it comes to collecting and remitting sales tax! TaxJar makes sales tax filing easier for online sellers and merchants across the world. At ASD Market Week, I enjoyed meeting and hearing Jennifer Dunn speak about the basics of sales tax and what TaxJar can do to help your e-commerce business.
2017 Tax Cuts Jobs Act Preview
It’s tax time! There is so much to do to get everything done for 2017 and get ready for the new laws coming this year, and it’s never too early to plan and prepare. January is already in the books! I sat down with two tax professionals and asked them what we small business owners […]
1099 Filings Can Be Avoided – Electronic Payments Rule
At bookskeep, we are looking towards year-end activities, and ahead to the busy month of January. One of the many services we provide for our clients is 1099 preparation. The IRS requires 1099s to be issued to vendors and filed with the IRS by January 31st. There is good news however if you have paid your vendor […]
How To Get Ahead for Tax Season
The days are getting shorter and cooler. You can smell the pumpkin spice lattes everywhere. It must be fall, y’all! At bookskeep, October through December is Tax Planning Season. We believe in being proactive, and we encourage our clients to start early and put in a little work ahead of tax season so they can […]