If you’re a small business owner, you’ve probably told yourself: “Sales tax? That’s for the big guys.” After all, you’re just getting started. Maybe you sell handmade candles on Etsy, dropship products on Shopify, or offer a few digital downloads on the side. Why would the state care about your little shop? Here’s the truth: …
You might think you’ve found a simple workaround: don’t charge your customers sales tax, and you won’t have to deal with collecting, filing, or remitting anything. Easy, right? Wrong. Many e-commerce businesses think if they never collect tax, they’re in the clear. But states see it differently.Whether you collect it or not, sales tax obligations …
Not charging sales tax? That doesn’t mean you don’t owe it. Read More »
If you’re running an e-commerce business, you know how fast things move—inventory sells out, ad budgets fluctuate, and customer returns can hit when you least expect it. In this fast-paced world, one of the most powerful tools at your disposal is also one of the most overlooked: the 10-day cash flow forecast. Unlike long-term financial …
Stop Guessing: How a 10-Day Cash Flow Forecast Can Save Your E-Commerce Business Read More »
When you’re just getting your business off the ground—or even if you’ve been operating for a while—it can be tempting to “skip” certain administrative tasks that seem like red tape. One of the most commonly overlooked (or misunderstood) responsibilities? Sales tax. It might feel like a harmless shortcut at first, but dodging sales tax obligations …
Here’s Why Skipping Sales Tax Can Come Back to Haunt Your Business Later Read More »
Collecting the correct amount of sales tax is only one piece of the puzzle. The next critical step is making sure that this information is recorded properly in your financials. Here’s why a skilled bookkeeper is essential: 1. Sales Tax Isn’t Income Sales tax you collect doesn’t belong to you—it’s money you’re holding on behalf …
Why You Still Need a Great Bookkeeper—Even If Your Sales Tax Is Collected Accurately Read More »
For online sellers, staying compliant with sales tax laws isn’t just about collecting tax—it’s about knowing where and when to collect it. And that all starts with understanding sales tax nexus. What Is Sales Tax Nexus? Nexus is the legal connection between your business and a state that requires you to collect and remit sales …
Sales Tax Nexus: What Every E-Commerce Business Needs to Know Read More »
If you’re running an online business through platforms like Shopify or Amazon, you might think that sales tax is one less thing to worry about. After all, these platforms have extensive tools and integrations for handling orders, shipping, and even payments. Surely, they handle sales tax for you, too… right? Wrong. Here’s why relying on …
E-Commerce Platforms Like Shopify and Amazon Handle Sales Tax for You… Right? WRONG Read More »
Amazon does collect and remit sales tax on behalf of sellers in Marketplace Facilitator states, but this does not mean sellers are completely off the hook for sales tax compliance. What Is the Marketplace Facilitator Law? Many U.S. states have passed Marketplace Facilitator Laws, which require large online platforms like Amazon, Walmart, and eBay to …
Amazon Collects Sales Tax, But You’re Not Off the Hook Yet Read More »
Welcome to the Yellow Brick Financials blog — we’re so glad you’re here! Whether you’re just starting your financial journey or looking to fine-tune your long-term strategy, this space is designed to guide, educate, and empower. Here, you’ll find practical insights, expert advice, and helpful tips to navigate everything from budgeting and credit building to …
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