Author: Barbara Weltman

Barbara Weltman is the founder of Big Ideas for Small Business, Inc. , which publishes Idea of the Day® and the e-newsletter Big Ideas for Small Business®. She is an attorney, a trusted professional advocate for small businesses and entrepreneurs, and a prolific author of important books such as J.K. Lasser’s Small Business Taxes and Home Business Magazine’s Home-Based Business Start-Up Guide. She also serves on the advisory board for the Small Business & Entrepreneurship Council. Follow her on Twitter @BigIdeas4SB.

Do Your Online Sales Trigger Multiple State Income Tax Filings?

October 24, 2022 Barbara Weltman

Online sellers of a certain size may end up owing income tax in more than one state. Tax guru and small-business expert Barbara Weltman, founder of Big Ideas for Small Business, Inc., delved into this issue to see what merchants Read more

How Do You Report Sales of Inherited Stuff Sold Online?

September 13, 2022 Barbara Weltman

What do you do if you fear IRS scrutiny for selling items you inherited? Tax guru and small-business expert Barbara Weltman, founder of Big Ideas for Small Business, Inc., delved into this issue for those worried about how changes to Read more

What You Need to Know About 1099-K

February 8, 2021February 8, 2021 Barbara Weltman

Merchants who sell products online and/or in bricks-and-mortar stores may receive a statement from their payment processor called Form 1099-K, Payment Card and Third Party Network Transactions. There is much confusion about the form and what it means to your Read more

Should Online Sellers Incorporate?

April 13, 2019April 13, 2019 Barbara Weltman

If your selling activities on eBay, Etsy, or other online venues are a business for you, consider whether to take the legal step of incorporating. Here are some compelling business and tax reasons why this may make sense for you Read more