The Jewelers Board of Trade (JBT) has partnered with Mariel Diaz, founder and Managing Director of Accounting for Jewelers, to offer two free financial educational webinars: “Understanding Financial Statements” and “How to Develop an Annual Budget”. All registrants will receive a recording and accompanying worksheets. • Understanding Financial Statements, October 16, 2018, 2:00 – 3:00 pm EST...Read More

If you’re doing your taxes and not enjoying your current mileage tracking method or worse yet, having to create a historical log from last year, then we have a solution. Use our partner link to get 20% off MileIQ:  https://www.mileiq.com/invite/GELQD MileIQ is MY FAVORITE mileage tracking app for ease of use. This is how simple it...Read More

  You’ve heard us talk about Shopify before, and it’s because we wholeheartedly believe in the software. We believe everyone needs an online platform, it’s not an option anymore, it’s a must. Using Shopify to Make a Beautiful Store Shopify is only e-commerce solution that we stand behind 100% because of it’s integration with Xero...Read More

The Changes in Sales Tax Laws You Should Know as an Out of State Seller Welcome to the evolution of Nexus. Having a physical presence in a state is no longer the only thing that dictates if you are required to collect and remit a state’s sales tax as an out of state seller. Economic...Read More

Q:  How can I show a Net Profit and owe on Credit Cards (and / or Loans)? I had to pay tax on my Net Profit, but I don’t even have that cash in the bank to pay off debt. A:  Explanation of how you can show a Net Profit, while having debt: Taxes don’t...Read More

If you don’t have a high interest savings account earning more than 1{f4f1c227a9297829d6c2f0b223ad0188fddc4ac1a871d87b426e6cec743bfd5b}, then you should open an account at Synchrony, Capital One 360 or another recommended by NerdWallet.Read More

Michelle Asks: Q. Do I have to offer the 2/10 Net 30 discount?  Is it expected? And should I include penalties if paid after 30 days?  I’d like to be paid a deposit with the balance paid within 30 days of product receipt.Read More

You probably already know that if you are self-employed, then you are to pay self employment estimated taxes to the IRS each quarter, right? But you may think you have to mail in the remittance slip that came with your filed return for the prior year, and you can, but that’s not the easiest and...Read More