The Seller Ledger Blog
Tackling challenges in bookkeeping for eCommerce sellers
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Bookkeeping for Multiple eBay accounts
Seller Ledger now supports bookkeeping for sellers with multiple eBay accounts. Based once again on feedback from our wonderful Beta customers, we have added the ability to link multiple eBay accounts to Seller Ledger. This is especially important if you are looking to match the 1099-K that eBay sends. If you have multiple eBay accounts…
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1099-K threshold change delayed
Small online sellers who generate more than $600 a year in receipts get to breathe a sigh of relief…for one more year. On December 22, 2022, the IRS delayed the implementation of the $600 threshold for payment platforms to provide 1099-Ks for online sellers. Instead of receiving 1099-Ks in early 2023 for the 2022 tax…
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1099-Ks for Small Sellers
Last year, the IRS made a major change that will send a LOT more 1099-Ks to small online sellers. Prior to this change, only sellers who had at least $20,000 in gross receipts across more than 200 transactions in a year would received a 1099-K. Some states have already lowered the threshold. As part of…
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