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Revenue Recognition
Your local accountant in Albany, NY does not understand your business! The deposits that hit your bank account from Shopify/Amazon/eBay are not your revenues. Instead, this is a net number that includes, refunds, chargebacks, credit card processing fees, and potentially other items! Revenue recognition is the most common area in which we notice that most Accountants in Albany, NY(that don’t specialize in E-Commerce) make mistakes!
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Inventory Accounting
Did you know that your inventory spend is not always deductible? One of the most common mistakes that we see our clients make is assuming that all of your inventory spend is deductible. According to the IRS, if you produce, purchase, or sell merchandise, in your business, you must keep an inventory and use an accrual method for purchases and sales of merchandise. In simpler terms, your inventory is nondeductible for accounting or tax purposes until it is actually sold!
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We Understand You and Your Issues!
All of our clients are E-Commerce Entrepreneurs. On a daily basis, we work with sales channels that include Shopify, Amazon, Etsy, eBay, and Walmart sellers. Within each of these sales channels, we work with clients in Albany, NY that dropship, wholesale, warehouse inventory, 3PL inventory, and even Print-on-Demand. Our clients also advertise and market across many platforms including Facebook, Tiktok, Bing, Pinterest, Google, Snapchat, and even influencers.
As you likely already know, each of these areas has their own built-in complexities, and given our broad experience in the space, we have a competitive advantage in terms of understanding your business.
Featured In
Chris Rivera, CPA-Founder
Chris founded the E-commerce accountants in 2019 which specializes in tax, accounting, and business structuring for eCommerce companies in Albany, NY, including Digital Marketers, Drop Shippers, Amazon Automation, Amazon FBA, and Internet Coaches/Gurus. Chris works with some of the most high-profile and influential individuals and businesses in the eCommerce space.
Prior to the start of his firm, Chris spent six and a half years with Ernst & Young specializing in tax and accounting for retail consumer products and service companies. During this time, Chris worked entirely with multinational businesses (both public and private) providing services including business structuring, accounting consulting, auditing, tax compliance, and tax planning.
Chris graduated from the University at Albany and is a New York State Certified Public Accountant in Albany, NY.
Services
S-Corp Setup
Preparation of the IRS S-Corp Election form 2553
Payroll Software Setup
State Payroll Tax Registration
State Sales Tax Registration
Business Tax Return Preparation
Individual Tax Return Preparation
IRS Correspondence
Outsourced CFO
Includes EVERYTHING in S-Corp Setup
Business & Individual Tax Return Preparation
Monthly Bookkeeping and Financial Statements
Sales Tax Monthly Return Filings & Registration
Ongoing Support (Client Calls & Questions)
Ecom CFO
Includes EVERYTHING in Previous Packages
Daily Cash Flow Analysis
Controller Services
Audit of supplier payouts
Accrual Basis Financial Statements
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