How do I determine the cost of my products for tax purposes if I forget how much they were in the first place?
My husband and I have collected antiques for many years, mostly small items that could easily be sold on eBay. The problem is that I don't remember how much I paid for most items. How do I determine the cost of these for tax purposes?
Often entrepreneurs don't have the core competencies to understand accounting, which could result in a startup failing. Here is how an entrepreneur should approach hiring an accountant or outsourcing her financial tasks to ensure success.