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Etsy

Accounting solutions for Etsy sellers and crafters

July 22, 20266 min read

The CRA Already Has Your Gig Income Data: Canada's Platform Reporting Rules, Explained

Since 2024, Part XX of Canada's Income Tax Act requires Uber, Airbnb, Etsy, and other platforms to report sellers with 30+ transactions or over $2,800 CAD directly to the CRA — including names, SINs, gross payouts, and fees. With two reporting cycles now on file and penalty relief expired, here's who gets reported, what data the CRA matches against your return, and how to reconcile before the next January 31 deadline.

Mike Thrift

canadatax-complianceself-employment

July 19, 20268 min read

Etsy's DDP Mandate: What Non-US Sellers Must Change About Pricing and Bookkeeping

As of July 9, 2026, Etsy requires non-US sellers shipping to US buyers to use Delivered Duty Paid (DDP) — prepaying US tariffs and building them into the listing price — or lose Purchase Protection. This guide covers re-pricing by tariff category and why prepaid duties belong in inventory cost and COGS, not overhead.

Mike Thrift

etsytariffscustoms

July 19, 20266 min read

The FTC's First INFORM Consumers Act Penalty: What Temu's $2 Million Settlement Means for Marketplace Sellers

In September 2025 the FTC fined Temu's parent Whaleco $2 million in the first-ever INFORM Consumers Act enforcement action. The law classifies anyone with 200 sales and $5,000 in revenue on a platform as a high-volume third-party seller — here's what verification, annual recertification, and the $20,000 disclosure trigger mean for Amazon, eBay, Walmart, and Etsy sellers.

Mike Thrift

e-commercecompliancelegal

July 13, 20268 min read

DAC7 Explained: What US Online Sellers With EU Customers Need to Know

DAC7 requires platforms like Etsy, Airbnb, and Upwork to collect and report seller data to EU tax authorities whenever a US seller's activity touches an EU customer or property, with goods sellers exempt below 30 transactions and €2,000 per year.

Mike Thrift

taxtax-complianceinternational-tax

July 10, 20269 min read

The EU's De Minimis Exemption Ends July 1, 2026: A Customs Duty Guide for US Sellers

Starting July 1, 2026, the EU replaces its €150 duty-free threshold with a flat €3-per-item customs duty on distance sales, so a three-item EU order with distinct HS codes can owe €9 in duty on top of VAT — here's what US sellers need to audit before the deadline.

Mike Thrift

tariffscustomstax

July 10, 20268 min read

Print-on-Demand Bookkeeping: COGS, Fulfillment Fees, and Sales Tax Nexus Explained

Print-on-demand sellers who are merchants of record (Shopify with Printful or Printify) owe sales tax themselves and can deduct real COGS, while royalty-based marketplace sellers (Redbubble, Amazon Merch, Etsy) owe no sales tax because the platform is a marketplace facilitator and have no deductible COGS at all.

Mike Thrift

cost-of-goods-soldsales-taxnexus

July 9, 20266 min read

Etsy's 2026 Fee Hike and AI-Disclosure Rules: What Handmade Sellers Must Fix Before August 11

Etsy raised its UK Regulatory Operating Fee from 0.32% to 0.48% on June 22, 2026, and starting August 11, 2026 requires AI-content and production-partner disclosure plus original designs for laser-cut, sublimation, and CNC products — here's the pricing formula and compliance checklist to handle both.

Mike Thrift

etsye-commercepricing

June 2, 202612 min read

Handcrafted Soap, Candle, and Cosmetics Maker Bookkeeping: A Schedule C Survival Guide for Cottage Producers

How solo soap, candle, and natural cosmetics makers should structure Schedule C books — recipe-card COGS, the MoCRA small business exemption (under $1M average gross sales), the $2,500 de minimis safe harbor versus Section 179, and multistate sales tax across Etsy, Faire, and direct channels.

Mike Thrift

small-businessbookkeepingcost-of-goods-sold

May 16, 202610 min read

Economic Nexus and Sales Tax: A 2026 Guide for Online Sellers

Economic nexus requires out-of-state sellers to collect sales tax once they cross a state's threshold — commonly $100,000 in sales. As of January 1, 2026, 16 states have dropped the 200-transaction trigger, and this guide explains the thresholds, marketplace facilitator traps, and a quarterly compliance routine.

Mike Thrift

tax-compliancee-commercesmall-business

May 11, 202611 min read

Drop Shipping Sales Tax in 2026: Three-Party Transactions, Resale Certificates, and Marketplace Facilitators

Drop shipping treats one shipment as two sales for tax purposes, and depending on nexus, resale certificate rules, and marketplace facilitator laws, an ecommerce operator can owe tax in states they never set foot in. A 2026 field guide to who actually collects, the ten strict resale states, and the nexus thresholds — including transaction-trigger drops — that decide your exposure.

Mike Thrift

ecommercesales-taxtax-compliance

May 10, 202610 min read

Marketplace Facilitator Laws in 2026: Why Amazon, Etsy, and Shopify Sellers Still Owe Sales Tax Filings

Marketplaces like Amazon, Etsy, and Shopify collect sales tax for you, but registration, zero returns, and economic nexus tracking are still your responsibility. A 2026 compliance routine for multi-channel sellers, with state thresholds and the six mistakes that trigger penalties.

Mike Thrift

sales-taxnexuse-commerce

July 16, 20247 min read

Bookkeeping Basics for Etsy Sellers with Beancount

Learn how to streamline your Etsy shop's finances with Beancount, a plain-text accounting system that offers accuracy and control, allowing you to focus on your creative work.

Mike Thrift

etsybookkeepingaccounting

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