Well, here we are another year gone! Here is an article I wrote in 2010 about Avon and Taxes. I thought now was a good time to re-post it for the upcoming tax season.
What do taxes have to do with selling Avon?
by Karen Whitney
Before I start, I need to mention that I am by no means an expert on taxes so please take what I have to say as a guideline and talk to your local IRS office or tax expert for the current rules and regulations. However, this will give you a head start on what kind of records you need keep to make tax reporting time go more smoothly.
Unfortunately, when you own a business, you must deal with the Tax Man. Your Avon business is no different. Having said that, each individual's circumstances will vary. So it is very important that you speak with your local IRS office, a tax expert.
Because you are considered an indepedent contractor, Avon does not withhold taxes from your earnings, and tax reporting is solely your responsibility. But don't let taxes scare you away from selling Avon. In fact, it will give you a lot of tax deductions to use on your personal tax return.
Recordkeeping for your business doesn't have to be difficult and if you keep good records, you can ensure that you will receive the benefit of every tax deduction you have coming your way. Here is a short list of some of the items to keep:
