Turning a creative passion into a thriving e-commerce business is an incredible journey! But along with the excitement of launching products, the reality of managing sales tax, bookkeeping, and finance essentials can quickly feel overwhelming. So, what if we had a clear roadmap to handle it all?

On this episode of Become Sensible, we tackle the complexities creatives face when managing sales tax compliance across multiple states, understanding bookkeeping needs, and setting up efficient systems for growth. Together, we explore how to stay compliant with tax laws, choose the right accounting software, and protect time for creativity without getting bogged down by numbers. Whether you're a new business owner or scaling up, this episode offers practical insights to navigate the financial side of your business confidently.

"Managing finances is a skill you can learn and master. It's all about starting strong and setting up systems that work for you."

Connect

• Follow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.

Timestamps

• 0:00 - Introduction to sales tax challenges for creatives
• 2:00 - The basics of sales tax and digital product compliance
• 5:45 - Understanding Nexus and state-by-state sales tax requirements
• 8:15 - Tips for navigating multi-state tax obligations
• 12:00 - Choosing the right accounting software for your e-commerce store
• 15:45 - Why creatives need automated systems for bookkeeping
• 18:30 - Handling bookkeeping and finances without interrupting creative flow
• 21:00 - Essential questions to ask your accountant
• 23:30 - Staying compliant with sales tax deadlines
• 26:00 - Financial confidence through regular review and tracking systems
• 28:30 - The biggest financial mistakes creatives make and how to avoid them

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