Taxes

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2021 Updates: 1099’s were mailed the week of Feb. 1st. We do have a list of all your sales numbers at the office, so if you need those amounts sooner, please call or email [email protected] Find your 2021 total sales by clicking the Annual Sales Report Icon.

Sales reps will receive a 1099-Miscellaneous showing your commission earned for the previous year IF you had $5000 in total sales and received more than $600 in commissions. This form will be sent before the end of January each year.

As a sales rep for Alison’s Pantry, you are considered self-employed and are responsible for paying your self-employment taxes each year by filing a Schedule C for your AP business.

**Alison’s Pantry is not a tax consultant. As with any financial advice, please consult your tax advisor or accountant for the most current and up-to-date information.**

Keeping accurate records is a must for your business.

Deductions

Here are some expenses that you may be able to deduct from your taxes:

  • Telephone / cell phone costs
  • Internet Services
  • Mailing cost of catalog
  • Office Supplies (paper, ink cartridges, staples, paper clips, tape, etc.)
  • Food Samples
  • Computer and software supplies
  • Freezers used to store Alison’s Pantry products
  • Mileage for meeting truck for delivery, delivering catalogs and products to customers, picking up supplies, etc. Download the Mileage Log here.
  • Gifts and prizes given to customers for referrals, contest prizes, customer appreciation, etc.
  • Restaurant meals and entertainment (if business is discussed) are 50% deductible.
  • According to Bernard B. Kamoroff, CPA, in his book 422 Tax Deductions for Business and the Self-Employed Individual, he states that it is perfectly legal to add your school-age children to your payroll, hiring them to do real jobs and paying them up to $6,300.00 per year (this may have changed, so check with your tax advisor). You can write off their wages as a business expense; they keep the funds earned and do not have to file a tax return.

Webinar Help

The first part of this webinar is an interview with a tax consultant where he goes over some ideas on how to get the most out of your AP business and taxes.

Schedule C tax form: Federal Schedule C

More Information