Accounting, Finance & Legal
This is a directory for educational resources from the Ecwid blog covering most common questions small business owners may have on legal, accounting and finance. It includes articles devoted to:
- Business registration
- Separating your personal and business finances
- Tracking expenses
- Pricing your products
- Hiring employees and contractors
- Collecting taxes.
You will find educational resources that help can you manage your finances and make sense of small business accounting for your
Registering Your Business
The first steps you’ll take are to get your business registered with the appropriate state and federal agencies and to complete any necessary documentation for your brand assets.
- Registering Your
E-commerceBusiness: LLC or Corporation?
Here we’ll cover the basics of setting up shop as a sole proprietorship, an LLC, or a corporation.
- How to Register a Trademark for your Online Store.
Find out how to get your trademark officially registered so your branding is
Separating Your Personal and Business Finances
Next up, you’ll want to make sure your finances are in order for
- Small Business Bookkeeping & Accounting 101 for
Setting up a separate business bank account is the very first step toward
hassle-freeaccounting for your small business.
- How Much Money Do You Need to Open an Online Store?
Create a budget for your business and get your financing in order before launch.
- 25 Places to Find
Low-CostLegal Advice For Your Business.
If you’re looking for a lawyer but are concerned about the costs, be sure to consider first looking into
low-costresources for legal advice and tools.
Tracking Expenses / Choosing a Bookkeeping Solution
- 6 of the Best Accounting Apps for
Find the right tools to properly document your business finances and for quick overviews on how your business is performing.
- How to Ensure Inventory Accuracy.
Inventory tracking is a big part of accurate expense tracking, so find out how to best tackle stock count.
Evaluating Pricing and Margins
Using your bookkeeping numbers as a guide, you’ll want to regularly monitor your margins and potentially
- How to Price Your Products? A Science Backed Answer.
Learn the optimal way to price your products within the
- How To Set Your Pricing Strategy.
Think of this as Pricing 101. Discover how to tackle pricing strategy so you’re always at the best possible price point for solid margins.
- 3 Bulletproof
E-commercePricing Strategies to Consider for Your Online Store.
Get up to speed on three different approaches to
e-commercepricing that can take your store to the next level.
- Two Ways to Cover Expenses Without Increasing Product Prices.
Learn how to increase your margins without raising prices and losing customers.
- Automated Price Competition Tools: A Smarter Way To Do
Take advantage of automated pricing tools that save time and optimize your strategy.
How to Work With Employees and Contractors
Once your business starts to grow, you’ll need to hire help to scale your business. Find out whether you should hire employees or work with independent contractors.
- How to Work with Employees and Contractors.
Find out how to scale your business and hire the type of help that’s right for your business.
Collecting Sales Tax
Selling products online means understanding how sales tax works. Use these resources to ensure you’re on the right track for collecting sales tax during the year.
- Taxes 101 For
A basic getting started guide for collecting sales tax as an
- 12 Tips for Navigating the January Sales Tax Perfect Storm.
Must-knowtips to help with preparing for tax season.
- Why Do U.S. Sales Tax Rates Vary So Much?
The question on every retailer’s mind. Find out why rates vary by location.
- How the New
Value-AddedTax Guidelines for Selling Digital Goods.
Understanding VAT and what it means for your online store.
- Take the Headaches Out of Sales Tax With App of the Month.
Find out how a tool like TaxJar simplifies the sales tax process.
Ecwid and Taxes
Beyond sales tax, there are some basic tax guidelines you should be aware of. Become an expert on what’s expected of you at tax time as an online business owner.
- New Automatic Tax Calculations in Ecwid.
How to use
built-inplatform tools for simpler tax calculations.
- Tax Differences Between LLCs, C Corporations, and S Corporations.
Be sure you’re taxing at the right level based on the type of business entity you’ve selected.
- 5 Steps to Sales Tax Compliance for Ecwid Merchants.
Basic tips for guaranteed tax compliance.
- Tax Exempt: Improve Tax Settings in Your Ecwid Store.
Optimize the tax setting in your store for accurate charges and less stress.
Now you have a clear understanding of what you need to do to make the tax man happy and get your ecommerce accounting in order.