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Illinois Small Businesses: Upcoming Aug 5-14 Sales Tax “Holiday” Is Anything But One

Nancy McClelland, LLC

On June 27th I woke to find dozens of notifications from MyTax Illinois in my email inbox — one for each and every client of ours who files sales taxes. It’s hard enough to change sales tax amounts on a department-by-department basis… but item-by-item?

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

What is accounting? Accounting for a small business usually means summarizing and analyzing financial transactions, producing accounting reports, and timely providing data for tax purposes and tax returns. However, from the standpoint of small business accounting, only the operating activities are usually applied.

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How to Start an Amazon FBA Business: Keys to a Successful Online Store

Snyder

Amazon sellers taxes. Knowing how many customers shop on Amazon is also tempting for retailers when deciding where to search out new customers. Secondly, opening a business bank account becomes possible with a DBA and Federal Tax ID Number (EIN). Amazon sellers taxes. Amazon FBA businesses: Pros and cons.

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How Do You Start a Dropshipping Business? Start Dropshipping: A Beginner’s Guide

Snyder

Online retail has been growing over the years, but the sudden coronavirus pandemic has forced people to shift many of their purchases to online shopping. of all retail sales in the world. These numbers point to a very large market for online retail. Why start a dropshipping business? million, that’s 65% of the entire population.

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22 Shopify Tips and Tricks: How To Quickly Grow Your Online Store

Snyder

Setting up an online Shopify store isn’t complicated , but with so many retailers and Shopify sellers, you really need to come up with ways to stand out. Get POS-Go – Shopify’s latest retail hardware. Some elements that you need to take into account are shipping, refunds, and taxes.

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E-commerce Business Plan: How to Create an Actionable Business Plan for Your E-commerce Business

Snyder

All information about the suppliers, production, shipping and fulfillment, facilities (if you decide to have a physical retail space), equipment, and inventory should be mentioned here. With Synder, you can synchronize transactions to your accounting books with just one click and get 100% precise reconciliation.

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Payment Link Payments Benefits: How Customers Can Pay With Payment Links

Snyder

It means that you’ll have to ensure your online payment data is correctly reflected in your accounting books, no transactions are missed, and each part of a transaction belongs to the right category in the books. The long checkout process is one of the major reasons for purchase abandonment in retail.

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