Plain-language notes on U.S. tax deadlines, IRS letters, cross-border reporting and running a small business, written by the CPAs who handle these questions every day.
Moving from selling to consumers on Etsy to wholesaling to shops on Faire changes revenue, margins, inventory and cash timing. Unify the entity and W-9, re-price at wholesale, count inventory, treat sales tax as a resale question, reconcile two 1099-Ks, and look at an S corporation once profit grows.
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Faire's 60-day terms are for retailers; brands get paid on the schedule they choose, at 3.5%, 2.4% or 1.9% plus $0.30 per order for North American brands. Book revenue at gross wholesale value with fees separate; the 1099-K counts orders shipped and paid out in the year, including shipping.
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Faire is registered as a marketplace facilitator in 45 states and DC, collecting resale certificates from retailers, reporting platform sales and charging tax to business-use buyers. Brands don't collect certificates on Faire orders, but off-platform wholesale, inventory states and gross receipts taxes stay with them.
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Articles are general information, not tax or legal advice for your specific situation.
