HOW TAXES WORK for Etsy sellers (Etsy finances explained)
Kate Hayes Kate Hayes
259K subscribers
29,778 views
1K

 Published On Nov 29, 2022

Sales tax, income tax, self employment tax, estimated taxes, the list goes on... it can all be SO confusing and very overwhelming for an online seller. Whether you're an Etsy seller or sell on another marketplace like Amazon or Ebay, we're covering the details of what you need to know on the financial/tax side of things. If you've been wondering how to start an Etsy shop, this is definitely a HUGE part that you'll need to be able to grasp going into it. In order to sell on Etsy successfully, you have to understand what your financial obligation is as an online seller and how to manage your finances and handle sales tax (and other taxes) in the right way. I was so grateful to Janet LeBlanc, from Paper + Spark, for joining me in this conversation today. She is a certified public accountant and SO knowledgeable about all things taxes, finances, and bookkeeping. I especially love her perspective because she is an Etsy seller herself! In today's video, we talk all things sales tax, income tax, self employment tax, and more. My hope is that this video will help you in understanding finances on Etsy, how to manage Etsy finances, give you clear details on the process for Etsy sales tax, and give you an Etsy shop for beginners tutorial on the financial side. These financial Etsy tips are meant to help you get started the right way and point you in the right direction for your Etsy business.

*NOTE: The content of this video is not to be taken as professional legal/financial advice. You can and should do your own research to determine your financial obligations for your business.

*NOTE: This information is specific to US sellers and not applicable for those in other countries.


✨ MENTIONED IN THIS VIDEO:

➡️ Paper + Spark Spreadsheets: https://paper-and-spark.myshopify.com?sca_ref=5713900.dBeEHYgV7U

➡️ FREE Get Legit Checklist: https://paperandspark.com/download-ge...

____________________________

✨ FREEBIES:

👉 FREE DIGITAL PRODUCT MASTERCLASS: https://www.kate-hayes.com/dppreg

👉 FREE ETSY SUCCESS MASTERCLASS: https://www.kate-hayes.com/webinar-re...

👉 FREE DIGITAL PRODUCT STARTER GUIDE: https://www.kate-hayes.com/digital-pr...

👉 FREE ETSY SUCCESS GUIDE: https://www.kate-hayes.com/etsy-succe...

👉 FREE TREND ELEMENTS CHEATSHEET: https://www.kate-hayes.com/trendprompts

___________________________

✨ MY FAVORITE BUSINESS TOOLS:

➡️ PLACEIT (Automatic 15% off): https://1.envato.market/LPRbVj

➡️ CREATIVE FABRICA (Graphic Design Elements- FREE TRIAL, 10 free items): https://www.creativefabrica.com/promo...

➡️ CANVA (Free Pro Trial): https://partner.canva.com/c/3126932/6...

➡️ EVERBEE (ETSY PRODUCT RESEARCH TOOL): https://www.everbee.io/?via=kate

➡️ CREATIVE MARKET (Graphic Design Assets, Fonts, Mockups, etc): https://www.tkqlhce.com/click-1009603...

➡️ CONVERT KIT (EMAIL PROVIDER): https://partners.convertkit.com/c14ns...

➡️ KAJABI (Course Hosting Platform, Email Marketing, Landing Pages, and more, FREE TRIAL): https://app.kajabi.com/r/e8JFEaLi/t/l...

➡️ PRINTFUL (POD PROVIDER): https://www.printful.com/a/katehayes

➡️ EPIDEMIC SOUND (Copyright-free music and sound effects- free 30 day trial): https://share.epidemicsound.com/t1f64g

➡️ Shopify (free trial): https://shopify.pxf.io/LX4amM


👉 OPEN YOUR SHOP AND GET 40 FREE LISTINGS HERE: https://etsy.me/3i4VrSK

👉 WATCH THIS NEXT (ETSY PLAYLIST):    • Etsy  

👉 SUBSCRIBE HERE:    / @katehayes  

ALSO, make sure to tap the BELL 🔔 icon to turn on your notifications- that way you won't miss any of our value-packed videos!



***SOCIAL:

✨FACEBOOK: https://www.facebook.com/profile.php?...

✨INSTAGRAM:   / katehayes.co  


We love sharing our story and the way we've found success with you. Of course, I can't talk about this without giving Jesus the glory. We work hard with the tools we have but ultimately HE is the one who has brought in every order. "In their hearts humans plan their course, but the Lord establishes their steps" -Prov. 16:9


➡️ PRODUCTS THAT MAKE OUR WORKFLOW EASIER:
LIGHT BOX KIT: https://amzn.to/3gUIx8g
DYMO LABEL PRINTER: https://amzn.to/33TeIBr
DYMO LABELS: https://amzn.to/2EapzvU
SHIPPING SCALE: https://amzn.to/320LmhQ

📸 MY GEAR:
Canon M50 Kit: https://amzn.to/2DMfy88
Joby Gorillapod: https://amzn.to/3imSxHS
UBeesize Tripod: https://amzn.to/3fEkCbP
Lighting Kit: https://amzn.to/3mXb7Mt
Soft Box Diffuser: https://amzn.to/3jvYdTs
External Hard Drive: https://amzn.to/3gWcwwZ


➡️ For business inquiries: [email protected]


We are affiliates for some of the brands mentioned on the channel. As an Amazon Associate and affiliate for other brands, I earn from qualifying purchases. I only recommend products I actually use, love, and think you would benefit from.

show more

Share/Embed