1

[CYC]

The flat base makes me think it might sit on a table and then something can be placed in the circle, but not sure what that would be.

[CYC]

Could these be the base of something? Same height, sturdy bottom….

Or, an adjustable ashtray.

 

[CYC]

Thank you for the input @Temudgin and @junque-redux I will definitely consider H&R Block if I end up with more complex questions this year and will definitely be doing the CPA next year!

 

 

[CYC]

Hi @Jay yes, I do agree about the CPA. I do plan on hiring a CPA next year but this year I really don’t have the profit or money to do it.  I did participate in an online resellers tax academy which mentions this discount so I wanted to see if anyone else takes it especially those who may be doing their own taxes.

[CYC]

This is my first year filing taxes for ebay and so far it is daunting. I really admire those of you who just jumped into ebay as a lifestyle and as a main income source. I did do an online tax sellers academy which helped a lot, but now the nitty gritty process of filling out form (and the pressure from my husband to get moving, so we can file) is really stressing me out.

I have never received a 1099 from ebay or paypal past or present so I guess that may not happen until I grow my business more.

So I am with you @sonia working on those taxes!! I’m hoping at some point to make enough profits to hire an accountant to do them!

 

 

[CYC]

Hi @sonia I am new to GDBK and to tracking my ebay sales so I appreciate your post and the heads-up.

[CYC]

Thank you, @sonia That sounds like a good solution as well! I appreciate it!

[CYC]

Thank you @Sharyn That is what I thought. I am new to all of this, so I truly appreciate your response!!

 

[CYC]

No worries @Sharyn that was actually helpful too!

[CYC]

Thank you for the input, @junque-redux That makes a lot of sense but it helps to hear what other people have done!

[CYC]

Thanks @Sharyn and @Jay I appreciate the input.

To add to that question, how do you estimate if you sell something that someone gave you as a gift? Do you enter $0 for COGS or do you do an estimate on the cost?

What about items you don’t have a receipt for? Do you enter $0 or do you estimate? Sometimes I don’t have a receipt for an item but I remember what I paid for it (usually $1 from a yard sale of something like that!)

Thanks again. I truly appreciate the input!

 

[CYC]

Thanks @so-cal-joe that is a good point. I wasn’t certain how checks could even work if I didn’t have a paper one on hand 🙂 So thanks for explaining how that would work. Things have changed so much that even talking about checks seems so old fashioned but I KNOW there will be that one instance when I would need one!

[CYC]

Thanks @ctebay and @Jay those are good points. I think I may be leaning in that direction. I’ve been doing some research today and found a local small bank which may meet my needs. I do like the idea of being able to speak to someone or drop in if needs be and of a smaller organization.

 

[CYC]

Thank you @gargolfer I will check them out!

[CYC]

Thanks @dahlyla and @sonia both very helpful!

[Author]

Posts