Occasional Online Sales
July 25, 2012
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Resources: Reporting Auction Income and the Tax Gap Tax Tips for Online Auction Sellers Why YOU Should Care: Certain online sales held by non-retailers are
Resources
Spend more time doing what you love - not doing math.
How to Host a Legal Giveaway
July 18, 2012
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We’ve all see blog giveaways in our feed readers and on Twitter. They are a great way to get more pageviews for your site and
The Tax Implications of Blog Contests
July 16, 2012
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Hosting a giveaway on your blog is becoming increasingly popular. Everyone loves winning, so a good giveaway relevant to the focus of your blog can
Craft and Art Fairs – Considerations for Merchants
July 11, 2012
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Resources: Business Use of your Car: Mileage Illinois Department of Revenue: Taxes at Fairs, Festivals, Flea Markets, and Craft Shows Why YOU Should Care: If
Recordkeeping: How Long to Keep Items
June 27, 2012
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Resources: Publication 583 IRS Article: How Long should I Keep Records? Why YOU Should Care: In order to maintain proper records for your business, you
The Limited Liability Company (LLC)
June 21, 2012
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The key reason most people look to “incorporate” their small business is to mitigate personal risk. The following business form will often protect your personal
Business or Hobby?
June 20, 2012
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Resouces: Publication 535: Business Expenses IRS Article: Is Your Hobby a For-Profit Endeavor? Why YOU Should Care: The answer to this question has implications on
eCommerce Tax Tips
June 17, 2012
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The most common questions I receive from online merchants pertain to sales tax collection and business deductions. Sales Tax In the offline world, sales taxes
Estimated Taxes – Do You Owe?
June 13, 2012
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Estimated Tax payments for the second quarter are due on Friday, June 15, 2012. Typically, individuals who are employed by someone else have this amount
Deductions: Education Expenses
June 6, 2012
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Resources: Topic 513 – Educational Expenses 2011 Form 2106 – Employee Business Expenses Instructions for 2011 Form 2106 Why YOU Should Care: If you pay
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