what happens if you don’t file taxes

image represents What happens if you don't file taxes

What happens if you don’t file taxes 🤷 Getting your taxes done on time is a big deal. It’s a matter of pride, as people look up to you and admire your skills in keeping things organized. But if the filing date passes and you haven’t filed tax returns, do not fret. There are many … Read more

Do content creators on OnlyFans pay taxes? If yes, then at which rate?

image represens Do Content Creators on OnlyFans pay Taxes?

Do content creators on OnlyFans pay taxes? If yes, then at which rate? As content creators on OnlyFans, you’re expected to create and deliver amazing content, while your sole focus is on making your followers happy. But, are you aware of the tax implications of being a content creator on OnlyFans? Well, in this post, … Read more

Top 5 Accounting Software for Startups

Top 5 Accounting Software for Startups The top 5 accounting and bookkeeping software products available for startups were selected based on whether they provided the accounting services needed by startups, and the level of difficulty associated with using them. Most of the software listed is a great choice for individuals, startups, and small companies.  The … Read more

Form 1099-K Requirements 2022: A Complete Guide

Form 1099-K Requirements 2022

If you are an eCommerce business, you must read this article to know: What is Form 1099-K and Why is it Important for an eCommerce Business? Who Is Required to File Form 1099-K? What Are The Form 1099-K Requirements 2022? Merchants selling products and services online undertake payment transactions through a number of methods. Few … Read more

What Is Cost of Goods Sold – COGS? (All You Need To Know)

Cost Of Goods Sold Explained

Cost of Goods Sold (COGS) is an accounting term that refers to the cost incurred by a company when goods are sold. In other words, cogs will show you how much it costs your company for every product that goes out the door. As a startup founder, you’ll run into this term as you’re trying … Read more

5 Main Reasons: E-Commerce Accounting is Difficult

main reason why accounting is difficult

Most people aren’t aware of the challenges that come with e-commerce accounting. It’s a fairly new concept, and not many accountants are familiar with it. This post will go over 5 reasons why e-commerce accounting can be challenging, as well as how you can reduce or eliminate each one so you don’t have to worry … Read more

US Sales Tax in eCommerce: What You Need to Understand in General

Like most countries, sales Tax in the U.S. may be complicated. Because the country has 50 states, computing sales tax seems impossible. It is also subject to, more often than not, changes, especially globally, as we are facing the pandemic.  A sales tax is a consumption tax imposed by the government for the sale of … Read more

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