10 Financial Tips for a Blockbuster Year-End for Amazon Sellers

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10 Financial Tips for a Blockbuster Year-end December 19, 2012 Laura Uribarri and Priyanka Sharma, Outright

Transcript of 10 Financial Tips for a Blockbuster Year-End for Amazon Sellers

10 Financial Tips for a Blockbuster Year-end

December 19, 2012

Laura Uribarri and Priyanka Sharma, Outright

Tip #1

Take a photo of your home office

Tip #2

Take note of inventory & donate old stuff

Tip #3

Spend more

Tip #4

Prepare your books for year-end

Tip #5

Get a tax ID

Tip #6

Start tracking your mileage

Tip #7

Send out your packages early

Tip #8

Hire your kids and spouse!

Tip #9

Learn from 2012 to ace 2013

Tip #10

Fiscal cliff - get paid before Dec 31st

Summary: 10 Tips

1. Take a photo of your home office

1. Take note of your inventory and donate old stuff

1. Spend more

1. Prepare your books by year-end

1. Get a Tax ID

1. Start tracking your mileage

1. Send out packages early

1. Hire your kids and spouse

1. Learn from 2012 to ace 2013

1. Fiscal cliff – get paid before December 31st

Resource to Help You

• Home office deduction details

– http://www.irs.gov/pub/irs-pdf/p587.pdf

• FBA warehouse locations

– http://outright.com/blog/locations-of-amazon-fulfillment-centers-2/

• Kat Simpson on sales tax

– http://www.amazon.com/Introduction-Sales-Amazon-Sellers-

ebook/dp/B008NDKBO6

• Section 179 for expenses

– http://www.section179.org/section_179_deduction.html