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If you are a self-employed individual, you are required to pay federal taxes depending upon the statutory requirements as stipulated by the IRS. As per the IRS, a self-employed individual is one who carries on a trade or business as a sole proprietor or an independent contractor. Typically, a self-employed must pay income tax and … Read more
More and more Shopify businesses are selling overseas. While it’s much easier than ever to reach a global audience today, Shopify business owners have been facing a significant challenge. This challenge relates to the diverse set of preferences that global customers have regarding the checkout experience. The manner in which the customers prefer to pay … Read more
If you are a Shopify business owner using Shopify Payments to accept online customer payments, you may receive Form 1099-K from Shopify. Note that sellers selling goods or services through an online marketplace or using any payment apps or payment cards to receive payments may receive Form 1099-K from such an online marketplace, payment app, … Read more
If you are an online seller in the US, you have tax obligations at the federal, state, and local levels that you must meet to stay tax-compliant. There are a host of factors basis which you need to determine the type of taxes you must pay and how you must pay them as an online … Read more
Shopify is a leading provider of essential internet infrastructure for commerce. It offers effective tools to start, grow, market, and manage a retail business of any size. Thus, Shopify, through its platform and services offers a great shopping experience to consumers, ensuring that it makes commerce better for everyone. That’s because, from the very beginning, … Read more
Millions of sellers worldwide prefer partnering with Amazon because of the effective services that it provides to small and medium-scale businesses (SMBs). These services help SMBs not only thrive but also create economic opportunities within the local communities globally. Thus, the strong partnership between Amazon Statistics 2023 and SMBs has delighted millions of customers with … Read more
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