Pay wall level content for free. Good man. Teaching us dummies how to fish properly. Appreciate the level of detail, Dan.
@dagreenshiz
7 ай бұрын
10 min in. this is one of those videos you cannot just play in the background lol. I gotta watch it.
@dagreenshiz
7 ай бұрын
This guy didn't even plug "Not Your Dad's CPA" video he dropped today at noon.... tisk
@dagreenshiz
7 ай бұрын
"eBay Reseller Taxes - SCARED STRAIGHT" lmao
@KetchumAllCollectibles
7 ай бұрын
Lmao if I started recording this as his video dropped I wouldn't be done recording let alone the 18 hour upload time this took ☠️
@EscapedAlien
7 ай бұрын
Very informative and frankly, overwhelming!
@bradgcardz
7 ай бұрын
"Im not calling you all dummies" Yes you are! You always do!
@KetchumAllCollectibles
7 ай бұрын
I'm calling Brad a dummy for sure
@SakuraCache
6 ай бұрын
Great video mate, huge amount of crossover for those of us in Aus as well. Some technicalities are of course a little different, but the basics are the same. Worth every second of effort you put in, possibly best vid you'vce done so far imo
@KetchumAllCollectibles
6 ай бұрын
I appreciate it and glad that you can find some use out of it!
@NAVI7x
6 ай бұрын
Learning more about taxes while sorting cards. Plus plus
@KetchumAllCollectibles
6 ай бұрын
🙏
@winonacc
7 ай бұрын
the powerpoint in excel got the video started off with a big chuckle from me, looking forward to watching the rest!
@KetchumAllCollectibles
7 ай бұрын
Just innovating over here 🚀
@TheNadoes
7 ай бұрын
Thanks for sharing good video
@KetchumAllCollectibles
7 ай бұрын
Thanks for watching!
@gramprodigy
3 ай бұрын
Taxes rule 🎉😂
@KetchumAllCollectibles
3 ай бұрын
💰
@moztcg
7 ай бұрын
As a dummy I needed this
@KetchumAllCollectibles
7 ай бұрын
Hopefully not a case of the blind leading the blind 😬 lol
@gradelevelcollectibles
6 ай бұрын
Dan has been secretly hired by the US to make a tax video to maximize taxes collected in the Pokemon market 2024
@KetchumAllCollectibles
6 ай бұрын
👀
@Written...
7 ай бұрын
I fucking love this neat little channel WOW. So glad I stumbled onto this. (I currently have 0 plans or interest in starting a pokemon business.)
@KetchumAllCollectibles
7 ай бұрын
Thank you!
@ToadsTreasuresCo
7 ай бұрын
Time to have 10+ kid toads for unlimited write-offs and tax benefits.
@KetchumAllCollectibles
7 ай бұрын
🚀 🙏
@TKKCollector
7 ай бұрын
I’m of the opinion that you should be doing book keeping every single week. There is a huge amount of expenses that should reduce taxes paid as a sole prop - especially if your main income is high ( and you are taxed a lot on your day job )
@KetchumAllCollectibles
7 ай бұрын
Eh to me quarterly would be at most from this point but I'll probably stick with annual only. 52x copy and pastes vs 1x copy and paste saving a lot of time
@TKKCollector
7 ай бұрын
@@KetchumAllCollectibles multi platform and lots of in person sales. Gotta keep up
@KetchumAllCollectibles
7 ай бұрын
@TKKCollector yeah it's not a bad idea just a lot more work overall. To be fair I do jot down all the undocumented stuff as the year goes otherwise that'd be impossible
@stevenhaffley9852
6 ай бұрын
Why would you go through all this hassle when you can spend $10 a month to have seller ledger do it for you?
@KetchumAllCollectibles
6 ай бұрын
Which specifically? There's no $10/month solution that just magically readies everything for my accountants trust me. Lighten the load a little? Sure
@stevenhaffley9852
6 ай бұрын
@@KetchumAllCollectibles seller ledger automatically imports all ebay transactions and calculates expenses, tells you what you owe for quarterly taxes. It allows you to enter your own expenses that are business related that aren't on ebay. A lot like godaddy book keeping.
@dagreenshiz
7 ай бұрын
Q: I remember NYD CPA saying that i cannot claim any office space because the space is utilized for other things. Do you recall this? Example i work my 9-5 in my office space i do my Pokémon in. LMK what you remember.
@KetchumAllCollectibles
7 ай бұрын
Yeah if you make it through the whole video towards the end or maybe it was during my live I mention that business use of joke needs to be 100% business use. With the exception iirc of inventory storage
@DittoFaction
7 ай бұрын
Even if we don't sell the item this year (2023) but bought it this year(2023), would it still fall into 'Cost of goods sold'?
@KetchumAllCollectibles
7 ай бұрын
No because you didn't sell it lol. Cost of goods SOLD
@DittoFaction
7 ай бұрын
@@KetchumAllCollectibles figured, so where does all that extra product get categorized that we didn’t sell but spent money on?
@KetchumAllCollectibles
7 ай бұрын
@DittoFaction in purchases but then it's backed out in year end inventory
@retroqueen1177
6 ай бұрын
what if you only make 80k and you re-invest everything, I have video game store and I also work a regular full time job so any money I make goes right back into the buisness or do I have to pay myself no matter what
@KetchumAllCollectibles
6 ай бұрын
S corp wouldn't be helpful if you're showing no profits on paper
@KetchumAllCollectibles
6 ай бұрын
S corp wouldn't be helpful if you're showing no profits on paper
@thepullfather
6 ай бұрын
Tax Master 3000
@KetchumAllCollectibles
6 ай бұрын
🚀
@UrAveragePlayer0
7 ай бұрын
I just realised I watched the whole tax stream, and these tax rules don’t even apply to me
@KetchumAllCollectibles
7 ай бұрын
😆
@DittoFaction
7 ай бұрын
Taxes Rule
@KetchumAllCollectibles
7 ай бұрын
🚀
@TachibanaTengoku
7 ай бұрын
Idk if taxes rule, but I'm here for definitely not tax or financial advice dan. I really should be better about keeping track of purchases, I just guesstimate and look at my purchase history all over and bank statements once a year but its probably not entirely accurate and also its a pain in the ass
@KetchumAllCollectibles
7 ай бұрын
Separate cards and accounts make it EZ
@nessTCG
7 ай бұрын
can you pay your children as a sole prop?
@KetchumAllCollectibles
7 ай бұрын
Yes I believe so this isn't an s corp specific thing
@trippyhits8596
7 ай бұрын
I feel attacked 😂
@KetchumAllCollectibles
7 ай бұрын
Dummies said with love ❤️
@Gen.Admission
6 ай бұрын
✍ get ✍ a ✍ sugar ✍ momma ✍
@KetchumAllCollectibles
6 ай бұрын
Yes this
@PoNGaCollectibles
7 ай бұрын
First ez
@dagreenshiz
7 ай бұрын
@KetchumAllCollectibles
7 ай бұрын
🏆
@Quilly_B
7 ай бұрын
I’ll get u next week ponga
@PoNGaCollectibles
7 ай бұрын
@@Quilly_B can’t you just let me have this one thing….
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