I have a two fold question about buying tail lights at cost for business purposes?

Question by Damainewun: I have a two fold question about buying tail lights at cost for business purposes? I would like to open an online business, 1st question is do I use drop shipping or a wholesaler to purchase the tail lights through as they are requested. I would want the lights to come to… Continue reading I have a two fold question about buying tail lights at cost for business purposes?

Should the shipping cost be calculated as part of the income or as a business expense?

Question by curiouscat: Should the shipping cost be calculated as part of the income or as a business expense? When filing taxes for an online business, should the shipping cost be calculated as part of the income or as a business expense? Thanks so much! Best answer: Answer by Spock (rhp)both … like this: the… Continue reading Should the shipping cost be calculated as part of the income or as a business expense?