A Quick Guide to Paying US Taxes

If you are searching for a quick guide to paying your US taxes when you have an online business then this article is of you!  Specifically, I will explain proper tracking methods, the importance of exact record keeping and some beneficial software that you may want to obtain.  After you are finished reading this article, you should know some of the basics for keeping records as a quick guide to paying US taxes.

Tracking

The first thing you may want to do if you have an online or ecommerce business is to hire an accountant.  Let’s face it- there is nothing like professional knowledge and skill.  Hiring an accountant will really give you that confidence to know that you are going about tax preparation in the proper manner.  Next, you must track all your expenses.  You really want to be able to figure up the cost of everything.  This includes client meetings, gasoline, office supplies and insurance.  There are a wide variety of all the expenses that must be tracked.  Finally, don’t forget to track your payroll if you have one.  Payroll represents a major expense for companies and certainly should be included.

 

Maintain Records

In order to accomplish all this tracking and figuring, it is necessary to keep all your receipts and invoices.  You should not estimate.  You should have the exact receipts in order to have a proper and correct figure.  This creates a need to have a physical place where papers and receipts can be put in order not to lose anything.  Also, back this figure up through credit card statements and receipts.  Keep those old credit card statements as they may function as your proof of purchase in many instances.  Keep all of these papers and documents for seven years so that in the event of an audit you will be completely prepared.

Obtain Software

Some people are simply not very organized by their nature.  This is not something to be upset about but it is important to put the proper systems in place.  For these people for whom organization is a challenge, it is advisable to get some software in order to streamline and organize the process of getting ready to pay US taxes.   

Many people have had great results by using the program Intuit’s QuickBooks.  It should be priced around $120 or less, which is not a bad investment in a great program.  QuickBooks has several different options to choose from.  They track payroll, sales tax and more.  It is worth it to get QuickBooks to help you with record keeping. 

There are certain people who are more “low tech” and don’t really like to use software.  For these people, just use whatever organizing system sits right on your desk and can make you feel more orderly when it comes to tax time.  You could actually use a physical file or hanging file.  Such tactics worked in the old days and they still work for the people who feel uncomfortable with accounting programs.  This is perfectly fine.  It is your business and it is your system.  The system should be one you feel comfortable with that would help to organize you.  The point is, be sure to keep records of everything through whatever means are best for your individual needs.

The above are some suggestions on how to prepare and is a quick guide to paying US taxes.  By tracking, keeping proper records and obtaining useful software, the entire process of paying US taxes will be made so much easier.  Now that you are aware of some of these suggestions, use them in conjunction with your tax professional to have a smooth US income tax preparation.

Doba Drop Shipping Review

Whether you are starting an exciting online business or expanding on an existing one, you really need a drop shipper you can absolutely trust.  When it comes to online sales, your name and your reputation are on the line and this is no time to take chances. The wisest thing to do is to base your business on the solid rock of trust and experience.  When it comes to trust and experience, the first name in online drop shipping is Doba.

What is Doba?

With connections to more than three hundred wholesale distributors, Doba is regarded as one of the most reliable drop ship company online today.  In fact, Doba is one of the elite 30 Certified Service Providers in eBay.  Impressively, Doba has been ranked yet again as one of the most quickly expanding companies in America for the third year running.

How it Works

At Doba, the entire selling process is very simple.  For example, what happens in the process goes like this:  First, you login to your account.  Then you choose the products you want to sell.  Next, you create a listing for those products wherever you desire to sell them.  You then receive the money from what you sold.  Finally, you simply login to Doba and place the customer’s order.

Doba will handle the rest.

Benefits of Doba

Doba has already created packages for the brand new, start up business as well as a plan for the advanced business.  These packages include both access to an amazing array of products as well as seller tools and comprehensive training.

With Doba, there are millions of products available wholesale that will be drop shipped right to your buyers.  It is thrilling to see that so many recognizable brand names are available at Doba, for example, Sony, Dell, Adidas and many others.

Some of the many categories available include apparel, shoes and jewelry, automotive, industrial, books, electronics, games, books, health and beauty, home and garden, kids, outdoor and sports.  Then there are so many subcategories within the overall category listing.  Anything you could want to sell can be found at Doba.

It is so convenient and easy to be able to do everything in one place.  They have made it super simple at Doba.  You just have to look for what you want to sell, list it, sell it, do the transaction with Doba and everything else flows from there.

Free 7 Day Trial

As if all this isn’t enough, Doba even offers a free seven day trial.  This will allow you to experience the benefits of Doba yourself directly.  You could just try it and see how simple it is and whether it would work for you and your type of business.  This kind of offer is great because there is really nothing to lose.  Why not try it?  As the wise old saying goes, seeing is believing.  See what it is like for yourself.  No amount of explanation can take the place of solid experience and once you experience Doba for yourself you will come back again and again.

The above is an explanation and review of Doba Drop Shipping.  Now you know what Doba is, how it works, some benefits as well as the 7 day trial offer.  Apart from the reliability and utter trustworthiness of Doba, what really causes them to stand out is how simple and streamlined they have made this process.  Nobody wants to be confused and mixed up in a difficult transaction.  Doba makes everything so easy and fun.  Since you know this now, give the seven day a try and begin your exciting online career in successful selling today.