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Tax

Inventory management, manufacturing, and business strategy for small-batch product businesses.

NAICS Code for Bakery Businesses (2026 Guide)

bookkeeping tax

NAICS Code for Bakery Businesses (2026 Guide)

Not sure which NAICS code applies to your bakery business? We break down the right codes for home bakers, cottage food producers, retail bakeries, and wholesale baking operations — and explain what it means for your Schedule C and tax filings.

· 17 min read
Shopify Bookkeeping — The Complete Guide

bookkeeping tax

Shopify Bookkeeping — The Complete Guide

You launched your Shopify store. Now your accountant is asking questions you can't answer. This guide covers Shopify bookkeeping: payout reconciliation, COGS tracking, sales tax, and the tools that actually work for product businesses.

· 18 min read
Cost of Goods Sold Formula for Small Manufacturers: Step-by-Step COGS Guide

bookkeeping tax

Cost of Goods Sold Formula for Small Manufacturers: Step-by-Step COGS Guide

Learn the COGS formula step by step with real-world examples for small manufacturers. We cover what to include, what to exclude, inventory valuation methods, and how to report COGS on your taxes.

· 35 min read
Does Shopify Collect Sales Tax For You? Marketplace Facilitator Laws Explained

bookkeeping tax

Does Shopify Collect Sales Tax For You? Marketplace Facilitator Laws Explained

Does Shopify collect and remit sales tax for you — or is that still your job? A plain-English guide to marketplace facilitator laws for product businesses in 2026.

· 20 min read
Form 1125-A: Cost of Goods Sold for Small Business (How to File)

bookkeeping tax

Form 1125-A: Cost of Goods Sold for Small Business (How to File)

If your product business sells physical products, Form 1125-A is how you report your cost of goods sold to the IRS. Here's exactly what each line means, and a worked example.

· 16 min read
Schedule C Instructions 2026: A Line-by-Line Guide for Product Businesses

bookkeeping tax

Schedule C Instructions 2026: A Line-by-Line Guide for Product Businesses

Schedule C 2026 for small-batch product businesses selling on Etsy and Shopify — COGS, materials, home studio deductions, and the mistakes that cost businesses money.

· 45 min read
Home Office Deduction for Product Businesses: Inventory Storage

bookkeeping tax

Home Office Deduction for Product Businesses: Inventory Storage

If you store your inventory and product samples at home in a dedicated location, you should be eligible to claim for business use of this space without needing to meet the usual exclusive use test.

· 15 min read
Inventory Requirements for Small Business: What the IRS Says and How to Track It

inventory management

Inventory Requirements for Small Business: What the IRS Says and How to Track It

The IRS doesn't care how small you are. If you make products from raw materials, you're required to track inventory. Here's what Publication 334 says — and the best way to keep track of inventory for your small business.

· 15 min read
Accrual vs Cash Accounting: Which Is Right for Product Businesses?

bookkeeping tax

Accrual vs Cash Accounting: Which Is Right for Product Businesses?

Cash vs accrual accounting: what's the difference, and which one should a product business actually use? Here's what you need to know — including how your choice affects your COGS and inventory tracking.

· 14 min read
NAICS Codes for Clothing and Apparel Businesses — 2026 Guide

bookkeeping tax

NAICS Codes for Clothing and Apparel Businesses — 2026 Guide

Confused about NAICS codes for your clothing business? We break down the most relevant codes for cut-and-sew manufacturers, online clothing stores, custom apparel, and everything in between.

· 15 min read