It's Beginning To Look Alot Like Tax Time

Christmas is almost here and a week after the end of 2010. Ebay Partner Network wants to remind you to double check the accuracy of Your W9 Information for 1099-Tax Forms by December 31st to ensure you get your 1099-MISC form. Of course you will only get a 1099 if you are a United States citizen or legal resident and you had $600 reportable tax activity for the year 2010. Hopefully you are over qualified for both of these criteria. While you are at it, I would suggest you go through ALL of your affiliate accounts to make sure that you have the correct W9 info filed with them as well. It is just better to be safe than sorry. Hopefully one day I can live to see a fair flat tax, but that is a post for another day. I hope your holiday season is going as good as mine is. Keep your head up and keep working. The rewards are tremendous.

W-9 Time Again

Just a quick FYI to remind everyone that now is the time of year to be checking all of your affiliate programs that you belong to and make sure you have a properly filled out W-9 form on record. You will probably be sent reminders from several companies soon, but I like to nip it in the bud and do a fly through myself in early December.

EPN Report Tracker For Your BANS Store

Sonjay from the Build A Niche Store forum has provided a great tool for reading your EPN reports for your BANS stores. You can run this own your own server and it will give you the peace of mind that your data will stay only with you. This is great for tracking your EPN eBay sales.

Build A Niche Store Accounting

I though I would dedicate todays post to Uncle Sam as it is tax day. When you bought the Build A Niche Store software you were officially in business as an independent contractor. This has a ton of benefits tax wise as well. You may be able to claim some home office expenses and other things you use in your BANS store business on your taxes. Make sure you keep all receipts of everything you purchase to help with your niche store marketing. You can claim directory submissions you pay for and any links you buy as well. You do not need any fancy accounting software to keep track of everything. I use Quick books now, but in previous years a plain excel spreadsheet did the trick as well. I am able to write of some square footage in my house for one example as a home office. Now I must tell you I am not an accountant. I do turn my stuff over to my personal accountant once a year and she files my taxes and makes sure I am within the letter of the law. I suggest you do the same or at least set up a free consultation with a trusted one in your area. Pretty soon you will be like me and paying in every year. :cry: