How do I know if it's REALLY a business expense as an e-commerce online shop owner

In this video, I share how to know if something is REALLY a business expense as an e-commerce online shop owner. By business expense I mean - can you deduct it or claim it as a write off on your taxes? Learn what makes a business tax deduction a business tax deduction here!
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👋 Hi! I'm Janet LeBlanc
I’m a Louisiana girl now living in South Carolina, a Certified Public Accountant, a serial-entrepreneur, and a mom of two. My passion is helping other creative women bring their entrepreneurial dreams to life with confidence. As an accountant and data nerd, I love creating tools + resources to help you achieve financial success in your biz and personal life.
Why should you listen to anything I have to say? Because I’ve been in your shoes! I started a handcrafted jewelry shop on Etsy back in 2011 as a side hustle from my accounting job. During my time in the handmade community, I heard a lot of the same frustrations and questions over and over. Concerns like, when am I supposed to register my shop? Do I have to charge sales tax to my customers? When do I claim this on my tax return? What sort of bookkeeping system am I supposed to use?!
In 2014, I finally united my love of handmade and accounting and founded Paper + Spark. In 2015, the first iteration of the Etsy Seller Spreadsheet debuted. This product completely changed the course of my entrepreneurial journey. Creating spreadsheets isn’t the sexiest or most glamorous product to design (although I like to think they’re pretty, for spreadsheets), but getting the chance to help creatives feel more confident about their money has been SO fulfilling and I am grateful to serve you today!
🌐 Visit Paper +: Spark to learn more:
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[@stitchedinpurple]

Great information. You make the details make sense.

[@paperandspark]

Thanks for watching!

[@amandabrienne8934]

I make Jewelry. Can i deduct cost of beads, scissors, cord, charms, etc ?

[@paperandspark]

Yes you can - some of those things are considered inventory and shouldn't be deducted until you use and sell it