Can I expense inventory when I purchase it?

Can I expense inventory when I purchase it?

Probably not. One of the most misunderstood concepts out there involves how to account for inventory costs. What is cost of goods sold? Do I have to calculate it? I get these questions all the time. I’ve also frequented forums on ebay, amazon, and etsy to read the...

2016 Tax Letter

Happy New Year! It’s tax time!! …awkward silence… Okay, I will make this brief. You are receiving this letter because I either helped to prepare your taxes last year or you reached out to me during 2016. Below is everything you need to know about pricing, documents I...