The Seller Ledger Blog
Tackling challenges in bookkeeping for eCommerce sellers
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Why quarterly estimated taxes don’t use normal quarters
If you’re an eCommerce seller, are self-employed or have income not subject to regular tax withholding (like investment earnings), you likely need to pay estimated taxes to the US federal government throughout the year. These payments are often called “quarterly,” but if you look at the due dates, you’ll notice they don’t neatly align with…
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1099-K Reporting Limit Increased: 2025
Some good news for small eCommerce sellers! Congress, in the new One Big Beautiful Act, has restored the original 1099-K reporting threshold to $20,000 and 200 transactions in a year. As a reminder, as part of the American Rescue Plan of 2021, the plan was to lower the reporting threshold to $600, though the IRS…
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Track cost of goods sold with Poshmark
Based on a recent question from a customer, we decided to outline the steps to make sure you automate the ability to track cost of goods sold with Poshmark. As we wrote in a prior blog post regarding eBay and cost of goods sold, it is possible to automate your cost of goods calculations in…
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