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Small Business Sarah

Sarah Korhnak

I'm here to help micro e-commerce sellers and other online business owners get a handle on their bookkeeping and taxes. If you are a new seller on Etsy, Amazon, Shopify, eBay, creator, self-published author and more, I'm here to help you navigate the boring but necessary accounting aspects of small business ownership in an easy to understand way.

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DIY your business taxes

DIY Your Business Taxes This email contains referral links. See my disclosures. Taxes can certainly seem scary and intimidating. The tax code is constantly changing, and there are always exceptions to the exceptions. However, online tax programs like TurboTax are up-to-date on all the ins and outs of the tax code. They know which questions to ask you to complete your taxes accurately and with the biggest refund possible. If you have been filing your federal 1040 tax return yourself, but this...

2 months ago • 3 min read

Is the new BOI report with FinCEN legit? This email contains referral links. See my disclosures. An email subscriber asked me a few weeks ago, “Do I need to file this new BOI report with FinCEN, or is this just a scam?” Great question! This is actually legit and a new required filing for most small business owners. However, to put your mind at ease, just this morning, I did a little research on the Beneficial Ownership Information (BOI) and filed the form for the two businesses I own in less...

11 days ago • 3 min read

The benefits of hiring your kids to work in your business This email contains referral links. See my disclosures. Kids are great! (And very expensive!) Did you know that as a small business owner, you may be able to hire your children? This can result in a financial benefit to both you and your children. This article nicely covers the ins and outs of legitimately hiring your children to work in your business. One of the key tools to make this happen is using a payroll program like Gusto so...

25 days ago • 2 min read

Building a Profitable Blog This email contains referral links. See my disclosures. Jessie from the Profitable Travel Blogger Podcast recently interviewed me about all things bookkeeping and taxes. We covered a bunch of topics, including: Bookkeeping basics for beginners How to track your blog expenses Helpful bookkeeping tools How to calculate tax deductions and price sponsorships Tax tips for bloggers And more! Check out the episode below. I'd love to hear your takeaways! Since my interview,...

3 months ago • 2 min read

Bookkeeping and Tax Tips for Small Businesses This email contains referral links. See my disclosures. One thing I have noticed as a bookkeeper is that business owners often jump into a new platform or revenue stream, without thinking about the tax and bookkeeping consequences first. This is understandable, especially since business owners are often creative individuals focused on revenue generation not on administration. However, for those who are interested in saving some bookkeeping...

3 months ago • 2 min read

Bookkeeping for each stage of business This email contains referral links. See my disclosures. Happy New Year! I hope you were able to enjoy some extra time with loved ones over the holidays and are ready to get to work. The main focus of my business is to serve the bookkeeping needs of SMALL online business owners. While a large business can easily afford to outsource its bookkeeping or even hire a full-time accountant, many small business owners are bootstrapping their way to success, doing...

4 months ago • 2 min read

Work Hours + Etsy Updates This email contains referral links. See my disclosures. In an ideal world, how many hours a day would you work in your business? This is a question I ask myself at the close of every summer as I plan my fall work schedule. It’s a challenge to balance the demands of running a business and managing the needs of a family, but I’ve discovered that a little planning and intentionality can go a long way. Each fall, I create an ideal time blocking schedule where I carve out...

7 months ago • 2 min read

Good morning! School is out, and summer is here. We’ve been soaking up the longer days and flexible summer schedule. One thing I do in my business during the summer is to take a step back and ensure that I have the right tools and resources. This email contains referral links. See my full disclosures here. Your Small Business Updates and Tips Taxes — Don’t forget that the deadline for quarterly estimated taxes is June 15. You can find more information here on the IRS website. Banking —...

11 months ago • 1 min read
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