Employee Tax Expert
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You would list the bulk purchase as an expense, and then the payments from the customers as income.
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If you're using the sets as a part of your business, they can be listed as expenses. You would determine if they would fall under the category of advertising (s...
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Once you've calculated your tax due, you can make payments directly to the IRS. You don't have to wait to make quarterly payments.https://www.irs.gov/business...
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Here is a link to common deductions for your industry.https://blog.turbotax.intuit.com/self-employed/self-employed-tax-deductions-calculator-2021-2022-50907/?_g...
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Yes, your giveaway items can be classified as advertising expenses. It's additionally not necessary to carry an inventory on your supplies. They can be listed a...
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