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Are Your Website Terms and Conditions Useless?

Internet businesses should carefully review their website terms and conditions to ensure they will be upheld in a court of law.

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eCommerce Business Outlook: What you need to know about the Marketplace Fairness Act, Nexus and the Amazon laws

Marketplace Fairness Act As we enter 2013 with a rejuvenated and hopefully more productive Congress, there are rumblings that the Marketplace Fairness Act (or a new version with a new title) will be introduced soon. If you’ve been involved in interstate eCommerce for any length of time you are probably familiar with the issues surrounding…

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Tips and Tricks for Saving Money in the New Year

As the New Year approaches, the time is ripe for making resolutions about managing the finances of your small business. Whether you’re saving up for an expansion, paying down your small business loan, or simply trying to stay afloat in rough economic times, here are some great money-managing tips to get your new year started…

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How to maximize the value of your business when it’s time to sell

Introduction Online businesses possess characteristics that are often very attractive to buyers. Most important is their limitless market space. Unlike their brick and mortar counterparts, online businesses are not limited by physical space and their overhead is often scalable. However, being in an attractive industry doesn’t necessarily mean you will fetch top dollar when the…

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Get control of your inventory with QuickBooks reports

Managing inventory can be a formidable task especially for e-Commerce companies. Fortunately QuickBooks offers a number of features that can help you manage your inventory, keep the right products in stock and minimize excess inventory. Following are a few of the QuickBooks reports and features that are particularly useful for managing inventory. Re-order Point: Make…

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Heistein earns Certified Tax Coach Designation

FOR IMMEDIATE RELEASE San Diego Tax Planner Earns Certified Tax Coach Designation San Diego, California – June 29 2012 Dave Heistein announced today that he is one of just 100 tax professionals who has completed the American Institute for Certified Tax Coaches’ training academy leading to the Certified Tax Coach designation. “Taxpayers who really want…

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Tips for selecting an accounting firm for your e-Commerce business

Small businesses operating entirely as an e-Commerce company and those with an e-Commerce channel for selling products and services have a unique set of accounting and financial requirements. These include high transaction volumes, intra and interstate commerce regulations, and potentially import and export codes. It is important that the accounting firm you select is well…

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New IRS Reporting Requirements: the 1099-K

Online businesses be prepared! New IRS reporting requirements. If your business accepts merchant cards for payment or receives payment through a third party network such as Amazon, eBay and PayPal, you may receive form 1099-K this year. Form 1099-K is a new form that will be completed by payment settlement entities (PSE’s) such as banks,…

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Local CPA, Dave Heistein, named to the Intuit® QuickBooks® SharedBooks User Development Team

Intuit®, the company behind QuickBooks® software, has assembled a 5 person team of CPA’s to provide input into the development of a new QuickBooks® product. Dave Heistein, owner of Profitwise Accounting, has been named to the QuickBooks® SharedBooks user development team. Intuit®, the developers of the popular accounting software QuickBooks®, has assembled a distinguished team…

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Financial Statements: An Important Small Business Tool for Owners Who Don’t Speak Finance.

For most small business owners, creating and reviewing your financial statements is not at the top of the “things I enjoy most about running my own business” list. Regardless, financial statements can be powerful tools and are worth the time and effort needed to gain an understanding of them. These statements serve as great tools…

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