Accounting Quick Tip – Sales Tax Collection

Accounting Quick Tip – Sales Tax Collection

“I’m a new seller.  Should I just collect sales tax in every state to make sure I don’t miss collecting the correct amount?” I get this question all the time. Unanswered, new sellers are often paralyzed in fear. After reading opinions in online...
Accounting Quick Tip – Amazon Totals

Accounting Quick Tip – Amazon Totals

When it comes to preparing income tax and sales tax returns, Amazon sellers often ask me where they can find the information needed.  Wouldn’t it be nice to have a report that can be printed and/or stored for tax records?  Well, it turns out that Amazon has a...
Accounting Quick Tip – COGS

Accounting Quick Tip – COGS

How to calculate the Cost of Goods Sold (COGS) is one of the most often asked questions I get as an accounting professional.  So here’s a general explanation, equation, and free downloadable calculator.  I hope it helps.If you take your books to a CPA at tax...