THE BLOG
The Tax Ready Hub
Your essential resource for keeping e-commerce businesses tax-ready and compliant. Get expert insights on staying ahead with bookkeeping tips, compliance updates, and practical strategies to ensure you're always prepared for tax season.
What You Should Know About IRS Business Gift Rules
Wondering how to navigate IRS rules for business gifts? This guide breaks down the deduction limits and tax implications for promotional items, client gifts, and employee presents—helping you give thoughtfully while staying tax-compliant.
Bookkeeping for E-commerce: Here’s What You Need to Know
Not sure where to start with bookkeeping for your e-commerce business? This blog breaks down what bookkeeping is, why it’s critical for your e-commerce store, and how to get started—whether you’re ready to DIY or want to hire a professional. Let’s keep your business running smoothly!
How To Catch Up Your Bookkeeping Before Year-End
As an e-commerce business owner, catching up on your bookkeeping doesn’t have to be overwhelming. Follow our step-by-step guide to get your financial catch up your bookkeeping before tax season and stay on top of them throughout the year.
How To Make Changes For Tax Purposes After Major Life Events
Life’s big changes can bring significant tax implications. Whether you’re getting married, divorced, having a baby, or starting a second job, this guide will help you navigate the tax changes that come with these events and ensure smooth tax filing.
What E-commerce Business Owners Need To Know About Their Tax Responsibilities
Running an e-commerce store is thrilling, but understanding your tax responsibilities is crucial for avoiding penalties and maximizing deductions. This guide covers everything you need to know to stay compliant and keep your business finances on track.
How to Calculate and Pay Estimated Taxes
Are you a Shopify seller or small business owner wondering about estimated taxes? Estimated taxes can be confusing and overwhelming, but they're a crucial part of staying tax-compliant and avoiding penalties. In this blog post, we'll explain estimated taxes, who needs to pay them, how to calculate them, and when to make payments.
The Best Documents to Support Tax-Deductible Business Expenses
Discover the essential documents and tips to support tax-deductible business expenses. From expense receipts to the most common tax-deductible expenses, this article will help you navigate the world of tax deductions with ease.
How To Know Which Business Expenses Are Tax-Deductible
In this blog, we'll break down deductible expenses, so you know what qualifies and what doesn't. It's not just about avoiding tax-time headaches; it's about making savvy financial decisions. Stay tuned for more insights because in the tax game, knowledge truly is power.
Miles That Matter: Understanding Business Vehicle Deductions
Your vehicle isn't just for commutes or weekend trips. If you use it for business, significant tax savings are within reach. Dive in to discover the two main methods for deducting vehicle expenses and steer your way to smarter deductions.
Essential Tools to Get an All-Around View of Your Shopify Business Finances
Want to be in total control of your business finances? Here are the tools every Shopify seller needs: Shopify analytics, QuickBooks, A2X, Google Drive, tax filing tools, and the most popular inventory management tools.
Got an IRS Letter? Here's What to Do…
Navigate the world of IRS notices with ease! This guide explains the eight common notices ecommerce entrepreneurs might encounter, ensuring you're well-equipped to deal with any tax issue that comes your way.
Managing Your Chart of Accounts in QuickBooks
Dive into the world of QuickBooks as a Shopify seller! In our latest post, we unravel the mysteries of the Chart of Accounts - a vital tool in your business’s financial management. From its creation, customization, and ongoing management, we've got you covered.
Navigating Sales Tax as a Shopify Seller
Sales tax is not just an administrative detail of your Shopify ecommerce journey; it's a vital aspect of your business planning and compliance. As a Shopify merchant, understanding the nuances of sales tax, from identifying your nexus to calculating, collecting, and filing taxes, is crucial. So, dive into our blog and sail smoothly through your sales tax obligations.
What To Look For When Buying Accounting Software
In our blog post, we provide expert insights and tips to help you make an informed decision when selecting accounting software for your e-commerce business. By choosing the right software, you can simplify your financial management, optimize your operations, and focus on growing your business with confidence.
Tax Planning for E-commerce: What It is and How to Implement It
As an ecommerce seller using Shopify, managing your taxes can be a complicated task. However, tax planning can help you save money, improve your cash flow, and stay compliant with tax laws and regulations. In this guide, we'll explain what tax planning is, why it matters for ecommerce sellers, and provide practical steps to start implementing tax planning in your business.
How To Review Your Tax Return For Accuracy
Filing your taxes is an important task, but once it's done, it can be tempting to forget about it. However, reviewing your tax return is essential to your financial health. In this blog, we'll explore why reviewing your tax return is critical, what to look for when reviewing it, and how to ensure you get it right.