What is the most simple way to keep books for tax records for a small business?

Question

What is a simple way to keep track of ebay and website sales for a small business, no employees, homebased, no paychecks or anything, just sales and purchases.

Answer 1

Quickbooks. Accounting software you can but from Walmart or Target.

Answer 2

A lot of people are having success with Microsoft Money or Quicken. If the business is small enough you could create your own system in excel. I would check with an accountant first, so you know exactly what you will need to keep track of, then go on line and see if you can download some of the trial programs & see what you like.

Answer 3

it may be effective to have an straightforward tax device, yet might or no longer it fairly is a truthful device? Our notions of fairness are complicated, so a truthful tax device, regrettably, can not be straightforward... enable's say we went along with your suggestion and all and sundry pays in accordance to their intake. Who do you think of could have the suitable effectual tax fee in this methodology? the wealthy? Nope; maximum cancers sufferers, dialisys sufferers, and oldsters of infants with disabilities. They consume a great form of fairly high priced stuff -- drugs, kit, docs' and nurses' time... is this your concept of truthful taxation? Now, enable's say we exempted healthcare from taxation in the interest of fairness. How some distance could desire to this exemption pass? Will dentistry be exempt besides? What approximately plastic surgical technique? actual therapy? conversing of exact therapy, how can we steer away from abuse by very own running shoes masquerading as actual therapists? What approximately lobbying efforts by the well-being industry attempting to get the healthcare exemption prolonged to health club memberships and nutritional supplementations? extraordinarily quickly, the device will become complicated returned. Rulebooks, enforcement workers, congressional debates, and all that jazz...

Answer 4

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Answer 5

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