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A Guide To Paying Self-Employment Tax

Paying Self-Employment Tax: Everything A Self-Employed Should Know

In this article, you will learn: Are You Self-Employed? What is Self-Employment Contributions Act (SECA) Tax? Who Must Pay SE Tax? Paying Self-Employment Tax: How Much? Maximum Net Earnings Subject to SE Tax Self-Employment Tax Example Deduction for One-Half of Self Employment Tax Additional Medicare Tax Filing Tax Returns If you are someone who works … Read more

4 eCommerce Sales Tax Myths You Need to Know

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4 eCommerce Sales Tax Myths You Need to Know When it comes to taxes, there are a lot of myths and misconceptions out there. And when it comes to ecommerce sales tax, the myths can be even more confusing. To help clear things up, we’ve debunked some of the most common ecommerce sales tax myths: … Read more

Tips for avoiding eCommerce sales tax pitfalls

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🧮 Tips for avoiding eCommerce sales tax pitfalls You can do a few things to avoid paying eCommerce sales tax, even if you’re not based in a state that requires it. First, include the correct tax ID in your shipping address. Second, make sure your products are properly labeled and priced to avoid triggering taxes. … Read more

What are the exemptions for eCommerce sales?

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❓ What are the exemptions for eCommerce sales? There are a few exemptions to the eCommerce sales tax, including items like food and medicine. These items are considered necessities and are therefore exempt from sales tax. Other exemptions include items for resale, such as clothing or books, and items used for business purposes, such as … Read more

Tips for reducing eCommerce sales tax costs

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🧮 Tips for reducing eCommerce sales tax costs If you are an eCommerce seller, there are a few things you can do to reduce your sales tax costs. First, ensure you are registered to collect sales tax in all the states where you have nexus. Second, use tax automation software to help you manage your … Read more

The benefits of eCommerce sales tax for businesses

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✅ The benefits of eCommerce sales tax for businesses A sales tax is a tax a governing body charges on the sale of goods and services. It is a percentage of the sale price charged to the customer. In the United States, sales tax is charged by the states and by the local governments within … Read more

5 Ways to Automate Ecommerce Businesses

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5 Ways to Automate Ecommerce Businesses Customer Experience & Management Automation 1. Track and reward your most engaged customers. Customers are the lifeblood of any business, and it is essential to track and reward them for their loyalty and patronage. Customer experience and management tools allow businesses to track customer engagement, including how often customers … Read more

Why is accounting important for ecommerce

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Why is accounting important for ecommerce 🛒 In e-commerce bookkeeping and accounting, business owners need to keep records of their business’s transactions. This bookkeeping information is vital for ecommerce business owners to understand the business’s cash flow, profitability, and customer behavior. In e-commerce bookkeeping and accounting, cash basis accounting is essential for bookkeeping. The bookkeeping … Read more

Where to incorporate your Amazon FBA business to reduce taxes

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Where to incorporate your Amazon FBA business to reduce taxes 📜 Incorporation is one of the most effective tax planning strategies for e-commerce businesses. In short, it allows you to legally separate your business from your personal finances. The sole purpose of incorporation is to minimize tax liability and maximize tax write-offs. In this blog, … Read more

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