There’s no doubt that we are living in the Digital Age. Meetings are virtual, ecommerce continues to grow, and remote work is the new norm. Companies are changing the way they operate, infusing technology into most aspects of daily operations. This is why it should come as no surprise that virtual accounting is gaining traction,…
DetailsAccounting for the typical mom-and-pop shop is boring, but this isn’t always the case with Amazon or Shopify accounting, which excites us accountants. Without the proper oversight in your Amazon accounting function, you could be left with stagnant sales, inaccurate tax filings, and low profitability. In this article, we’ll talk about the current challenges Amazon…
DetailsAre you looking to learn more about the future of ecommerce? How about building your personal network of like-minded business owners and entrepreneurs? If you answered yes to any of these questions, it’s important to consider attending ecommerce events this year. Ecommerce events give you the opportunity to learn about the industry from experienced and…
DetailsWhen running an Amazon storefront, it’s important to set your business up on a strong foundation. Building a strong foundation helps you reach your growth goals, maintain compliance with regulatory agencies, and maximize your financial health. Accurate Amazon accounting is the foundation that allows your business to flourish. In this article, we’ll cover the five…
DetailsSales tax has completely changed over the past few years coming out of the South Dakota v. Wayfair decision. The Court ruled that ecommerce sellers are required to collect sales tax in each location where sales exceed nexus thresholds, even if they have no physical presence. To make matters more complicated, each platform has slightly…
DetailsSo, you’ve decided to start your own ecommerce business selling on Amazon, Shopify, and other platforms. Your day-to-day tasks might include ordering inventory, managing items on hand, and driving traffic to your platforms. You realize that accounting will come into play eventually, maybe around tax time, so you push it to the bottom of your…
DetailsUnless you have a background in accounting, it’s always best to have an expert oversee your financials and accounting system. After all, you already most likely have an endless to-do list, from reordering inventory and managing employees to finding new growth strategies and products to sell. Accounting might be at the tail-end of your priority…
DetailsAre you trying to save money on your next tax bill? With year-end quickly approaching, now is the time to revisit your tax situation. Maybe your Shopify storefront was more profitable this year or you finally decided to open your Amazon FBA business. Even if you haven’t ventured into the ecommerce realm, you should still…
DetailsThroughout the years, there have been numerous unconventional sales tax proposals. After all, Florida generates a majority of their revenue from sales tax, as the state has no income tax. The latest proposals, outlined in Senate Bill 352 and House Bill 369, look to implement a sales tax holiday, having potential implications for ecommerce sellers…
DetailsWhen you start an ecommerce business, you are probably thinking of which products you want to sell, who your target market is, and how profitable your operations will be. The details of your Shopify or Amazon accounting might not have crossed your mind. This can result in inaccurate and outdated information that you might be…
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