Well, in case you weren’t aware, it is in Napa…which is basically enough to get me excited.Also, it is a fascinating dynamic to me.  I’m in no way involved in the organization of NapaDo, nor have I been for any ResellingDo. From an operational (attention demand) perspective, it means nothing, I just need to turn […]

Edit – per the comments, you can’t discount via the Coupon then use Kohl’s cash, so ignore that part of the post.Kohl’s cash is a wonderful thing. For the uninitiated, it’s a bit like real cash, but you can only spend it at Kohl’s.  Generally, you earn $10 for every $50 that you spend, though […]

Tax returns require accurate data.  The purpose of the accounting system underlying that data is to substantiate it, and have clear record of your transactions to back up what you put on the tax return in the event of audit.I used Xero this year for my Reselling business, and when I’d finally reconciled my year, […]

I dipped my toes into Reselling in Q3, and decided to pretty much quit in Q4.  For those in the reselling game this sounds a little weird, because Q4 is where the cheddar is, but I think it will all work out….Reselling is a vastly profitable gig, far more so than any MS I’ve encountered. […]

Readers have expressed interest in what to do with returned inventory, so here goes.  Firstly, you need to be aware of the trinity of Bookkeeping, Tax Planning, and Tax Preparation.  Once you understand that there are three distinct viewpoints for every decision, you’ll see how to deal with returns.Before we go into the trinity, we […]

Tax is a complicated subject. Taxes for the Reseller more so. One of the driving factors behind my interest in Reselling at this time is the complications that are thrown up by the ‘Hobby’ and how it stretches Tax Law to the limits very quickly.  I’m going to try to tackle a few important topics here, […]

Return on Investment, also known as ROI, is a very useful tool that is frequently misused.  This misuse causes catastrophic, yet invisible, damage to profitability.  It’s easy to see this invisible damage when a person has zero profit, but when they have a large number, missed opportunities are hard to identify as everything seems fine. […]

Things have been a bit quiet around here recently, along with some travel (Casino freebies to Atlantis and a pretty sweet suite in Vegas) I’ve been wrapping up the Enrolled Agent designation, became a Xero Certified Partner, and launched a reselling business.  The primary reason for reselling is to challenge my knowledge of accounting and […]