With tax season quickly approaching, owners of direct selling businesses might be wondering what they should consider as they file for next year. Unfortunately, taxes are a necessary evil, but understanding the various accounting components available for your business and maximizing your deductions can make for a seamless and stress-free experience. Below are seven tax tips to consider for all direct selling businesses […]

Direct selling is big business — $189-billion-a-year big business — with more than 117 million independent distributors worldwide*, representing everything from clothing and jewelry to wellness, nutrition products, and home décor. And with the distributor compensation complexity factored in can cause some complicated tax compliance rules. The Who For starters, who is responsible for reporting sales […]

Lehi, UT-based Young Living Essential Oils recently announced the appointment of Lee Bowen as its chief financial officer. Bowen will be responsible for all aspects of the company’s financial condition, as well as overseeing the Accounting, Tax, Finance, Commission Services and Human Resources departments. “At Young Living, much like we seek out the best botanicals from around the […]

Melaleuca, an Idaho Falls, Idaho-based direct seller natural nutritional and household products, recently reached a milestone event in the company’s history. On Dec. 26, CEO Frank VanderSloot shared the news that the wellness company had reached $2 billion in annual sales. The milestone was celebrated at a gathering at the company’s central headquarters where a […]