Tag Archives | taxes

6 Hidden Sourcing Costs and How to Avoid Them

Jar with coins spilling out of it

Both first-time sellers and seasoned pros know sourcing is an important part a reselling business. However, it can be difficult to find a balance between how much to spend vs. potential profits. Especially for newer sellers, hidden inventory sourcing costs can put you in the red if you don’t know what to look for.  Fortunately, when it comes to avoiding these sneaky charges, a little know-how can go a long way. Check out these 6 hidden sourcing costs and how […]

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Bookkeeping and Tax Prep: What Resellers Need to Know

Reseller Small Business Bookkeeping at Home

Accounting and tax professionals who work at small business bookkeeping offices across the country can all agree on one thing: if businesses are to succeed, business owners must know their numbers. It doesn’t matter how big or how small a company is, or how long they’ve been in business, they need to know the true financial state of their business. For many new resellers, the thought of tracking financial data, such as the cost of goods sold, sales tax, and […]

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