Accounting, Bookkeeping & Tax Blog

Your small business resource for accounting, bookkeeping, and taxes from our experts.

How to Report Etsy Income to the IRS

If you’ve been building a side hustle as an Etsy seller, and you’re wondering, “do I have to report Etsy income on my taxes?” you’ve come to the right place. Etsy is home to many artists and craftspeople selling their goods online – but you need to remember to report Etsy income when it’s time […]


What Is Equity in Business and How to Calculate It

For business owners, equity is a vital tool that you can use to your advantage. There are different equity types that serve different purposes within your business. Here’s an overview of what equity is and how to calculate equity in a business. What does equity mean in business?  Equity comprises the net value of a […]


7 Small Business Saturday Promotion Ideas for 2022

What is Small Business Saturday? Small Business Saturday is part of a trio of events that kick off the holiday shopping season. It’s meant to encourage consumers to take a break from the Walmarts and Amazons of the world and embrace the businesses that make up the backbone of their communities. Small Business Saturday always […]


Making Sales: How Does Sales Tax Work on Etsy?

In the age of e-commerce, online merchants like Etsy are invaluable business platforms for many small businesses. Platforms like Etsy, known as marketplace facilitators, give countless small businesses access to a wider audience and a simpler sales process, but you need to know how to calculate, collect and submit Etsy sales tax information on your […]


Federal Excise Tax on Trucks: Everything You Need to Know

If you drive trucks, sell trucks, or run any trucking-related business, you need to be familiar with all the taxes and fees associated with trucks. For truckers just starting, you may need to budget for these tax responsibilities ahead of time.  Truck drivers who drive big rigs on the highway must pay the Heavy Highway Vehicle […]


Business Entity: What Is an LLC?

What is an LLC? Is an LLC a business entity? A Limited Liability Company can be a great way to grow a small business. It offers limited liability, something that can be helpful to its members. While this type of business organization can offer a lot of benefits, like limited liability protection, there are some […]


3 Reasons You Need an Accountant for Self-Employment

Unless you’re a licensed CPA or have a deep understanding of tax laws and practices, it’s a good idea to hire a professional during tax season. An accountant for self-employment ensures your taxes are filed properly. They will also advise you on deductions and other tax benefits for which you are eligible.  As a self-employed […]


Forming a C-Corporation: A How to Guide

C-Corps are a common type of business entity, and for a good reason. Their structure offers flexibility and opportunities for growth.  While a C Corporation status does offer a lot of benefits, there are also some drawbacks that you should know. Here’s everything you need to know about forming a C-Corp, including how to form […]


5 Easy Social Media Hacks for Small Businesses

Social media has come a long way since the early days of poking friends on Facebook and 140-character limits on Twitter. Social media was simply a fun way to communicate with friends and family or follow a favorite celebrity. However, a social media presence is no longer an option but a necessity. With these five […]