📝 Overview
Tax time can be complex, and the data you need depends on your business structure, accounting method, and local regulations. Our expertise is helping you find and export information from DaySmart Beauty that may support your tax preparation. We can show you where data lives and how to pull it, but we do not provide tax or accounting advice.
⛔️ Disclaimer:
DaySmart Beauty is not accounting or payroll software. It does not track business expenses or payroll taxes. Use the guidance here to locate data, then share it with your accountant or tax professional for advice that fits your situation.
❓ FAQs
Answers to frequent tax-season questions about reports, totals, and where to find data in DaySmart Beauty.
How do I run year-end inventory reports?
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DaySmart Beauty reports inventory totals based on the moment you run the report. It cannot calculate totals for a past date range.
To capture your year-end inventory, go to Reports > Products and export Product Shelf Total by Supplier. Run this at close of business on the last day of the year after all sales, returns, and receiving are posted. Running it later can reduce the accuracy of your year-end totals.
💡 Pro Tip:
See the full directory of reports and their calculation details in the Reports Management guide.
Why do the annual totals reported in the software differ from the yearly calculation on my W-2s?
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Your totals report may not match because a payroll period likely runs into the new year. To confirm you’re viewing the right date, click the calendar icon in the upper left of the report and set the End Date to the specific day you want reflected.
What are my tax percentages, and what are local tax tables?
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We unfortunately cannot assist with this information and suggest you seek advice from your accountant.
Does my business need to file a 1099-K?
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Yes, you will need this form when filing taxes if you are processing credit card payments with DaySmart Beauty . The DaySmart payments team will send your 1099-K form by January 31, 2026.
How can DaySmart Beauty help me calculate quarterly taxes for 2025?
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We suggest working with your accountant to determine how to calculate quarterly taxes. DaySmart Beauty offers many reporting options that will allow you to generate the information your accountant will likely need to determine year end and quarterly tax payments for 2025.
How do I access my tax info if I previously cancelled?
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You will need to submit a Data Retrieval Request Form to request your tax info.
How do I access copies of my DaySmart billing invoices or receipts?
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We email a receipt each month when your subscription payment processes. Search your inbox for “DaySmart receipt” and check spam.
Navigate to the Account Management portal to view and download receipts. This view typically shows up to the last 6 months and may not include all historical charges.
For older copies or a full date range, email [email protected] with your business name and the dates you need. We can resend those receipts to you.