The Etsy platform is an ecommerce website that is mainly focused on handmade items and supplies or unique products. This is a personal storefront for individuals in which they can list their unique items for sale. When someone starts a new business, taxes are usually the last thing that is on their mind. However, this comes up when it is tax time and this would usually cause worries for some persons in their business. Questions such as Am I doing it, right? Or what taxes should I be paying? These are genuine concerns for small business owners and usually they need some help to go in the right direction. It is important to note that there is no one size fits all for every tax payer. Each person tax situation is different so it is always wise to consult with a tax professional who can advise you based on your specific circumstances.
