Small Business selling items on consignment basis on eBay needs to file a tax return for 2012 (corporate and personal).
Here is the brief summary:
-Enter business credit card charges and related liability in the records
-Pay Pal account activity needs to be entered in the system and reconcile it to the statements as it’s a “cash” account.
-Some general ledger accounts need to reconcile and properly state.
-Personal expenses incurred on behalf of the business need to be entered entered in the system..