eBay sellers, do you write off all your business expenses come tax time?
Expenses such as eBay fees, office supplies, home office expenses, and even gasoline can qualify as a deduction for your eBay business. Accurate bookkeeping will track all your business expenses and make your tax professional's life a lot easier come tax time. Cola Tax & Solutions provides bookkeeping service and tax preparation/consulting.
If you have any questions, please feel free to ask as you have nothing to lose but $$$ to gain!
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52 comments:
I do write it, because that helps me keep track of my budget.
i also keep track of my expense coz it helps me to find out the excess expense of my budget
Regards,
Ravi Verma
__________
Mens Ties
Great information - I always tell my clients that they should be focusing on their business instead of their accounting - especially when their are companies like yours that can do it properly at a reasonable price.
I have been selling on eBay off & on for a long time, but I have never been disciplined enough to keep track of my expenses and record my mileage, etc. with any real consistency. That sucks, because I know I'm leaving money on the table.
Nice, the thing is I try to organize me, but I never made it it well...
I always tell my clients that they should be focusing on their business instead of their accounting
I have never been disciplined enough to keep track of my expenses and record my mileage, etc.
i also keep track of my expense coz it helps me to find out the excess expense ...I had been very undisciplined to keep track of my expenses but now i really keep a eye on my expenses
nice information.i keep track of my expense thanks
Of course. It should be written regularly. It is important to keep track with all your business expenses.
I try to write off every expense - when I first started - did not have enough expenses to cover revenue so took the standard on my personal return.
business expense did exactly what you said it does. business expense has really helped our business. I was amazed at the quality of business expense.
business expense has really helped our business. As part of my ongoing mission to find the absolute best tools to make money, this is without a doubt at the top of my list. I can't say enough about business expense.
Similar problem i had, I started selling on eBay off & on for a long time now, and I have never been cool enough to keep track of my expenses and record my mileage, etc. This is why i fine always that i have holes in my finances
I note down everything so i know how much i put into the business
How do you do accurate book keeping without writting off every business expense?
How does writing does writing gasoline expenses help you save money during tax time? I thank you though for including the Cola Tax & Solutions link, NYCrentals, for years I have been doing my own taxes and I don't think I have been getting back as much I should. Thanks again!
I Always keep track off my expenses it is helpful for running my business.
Every body should write off every business expenses it really helps to keep track of expenses and helps to keep your accounts clear.
I try but sometimes feel that expenses can go both ways - especially when I get benefit from them. If it is truely business - i have no problem - but when some cross the line - I hesitate.
It is very important to keep records your Business expenses and Of-Course I maintain all the records in a organize manner.
It is good to have the records for your business, but I never do that. Hopefully I will in the future.
Certainly writing your business expenses can be beneficial to keep track of your business.
There are been the many Expenses where the company shown only certain expenses.Other expenses are been the cut off cause they don't shown Expenses.Many companies hide the expenses.
This post reminds me to do the same in my timeshare business because sometimes it is very tiring to record all the expenses.
Expenses such as eBay fees, office supplies, home office expenses, and even gasoline can qualify as a deduction for your eBay business.
Proper Accounting System and tax calculation make the Expenses Of the Business perfect.So all depends upon the Expenses that company write off by the system and calculation.
Good Business man always try to write off their Business Expense because through that you can know out the actually Expense incurred out in our business or they better business or just waste of money.
Great information - I always tell my clients that they should be focusing on their business instead of their accounting - especially when their are companies like yours that can do it properly at a reasonable price.
www.padana.com
If some one is not writing their Business expanses than he is not doing well because it is very important to write all the small and big expanses to maintain the records. Thanks for sharing the such useful article with us.
Yes of-course I always write business expenses because this will help me to track my budget. Thanks for sharing such useful information.
Yes I write my every day business expensive it help me to manage my many problems.
Very nice and informative article. I really like to read your article. You share a bundle of information. I keep track of my expense thanks
i appreciate that you have shared pondered information about this business expense. so glad to have gone reading this one.
I do write them of as a Salem Oregon Real Estate Agent. Always trying to keep track of my budget.
Ron Lee
Salem Real Estate
www.SalemOrRealEstate.com
Thanks so much for sharing some of this info. So pleased to have drop by reading this one; be back for more readings.
do bookkeeping and accounting for the benefit of the tax arrangements are important. and I can not do it alone, thanks to his information
Of course I do! I pay enough taxes as it is!
thanks bro, your posting its so useful for me.. and may I copy to put on my website?
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Like many of the commenters here, I write my expenses to keep track of them and so that it would alarm me in case I go overboard in spending too much on stocks or whatever I'm buying for the business. Although I don't include my personal expenses, I still put them in my business expenses tracker but in a separate sheet.
if the business expenses Is tracked with the minute details then at the end of the day u will be able to know that where your hard earned money has gone and this will really help to make the budget for future.
Well, I do.. every business has to do that, that makes things easy to track.Organizing every details will definitely make every business solid with their finances.
The description that you have tackle down is really resourceful. Glad that you have shared this here, well done on this one.
I totally agree to the idea of this issue. This info will surely help me in some point. Thanks a lot for this one.
Hey buddy that was a gud post
lot of quality stuff and essential information
Yes! just to make sure I am organized and just keeping myself aware of my expenses.
It is a must for every business to keep records as you cannot afford to keep the taxman unhappy
I think book keeping is the accounting and many of are using book keeping. Good information.
I have not ever been well controlled sufficient to hold pathway of my costs and record my mileage, etc. with any genuine consistency. That imbibes, because I understand I'm departing cash on the table.
I visited the link and its nice for users, nice information on your page, i would love to coma again.
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very nice article!you did a good posting here and it is realy informative.
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