E-Commerce Bookkeeping

Many sellers don’t understand S corps. In this post, I review the steps to file and operate an S corp.

If you’re selling on platforms other than Amazon, it’s crucial to understand your sales tax obligations.

Expanding your business to new markets can be an exciting prospect for any online seller. With the popularity of e-commerce platforms like Amazon, it’s natural to consider selling on multiple Amazon marketplaces.

S corporations are a popular form of business entity in the United States due to their flexibility and tax advantages. However, certain rules and regulations must be followed in order to maintain this tax status, particularly with respect to loans to shareholders.

I wanted to cover this topic because there seems to be a good deal of confusion of over the different types of taxes and what you should concern yourself with as a seller. The types of taxes can be broken down on two broad levels – state and federal taxes.

Do you need to collect sales tax as an Amazon Seller? It depends on 2 factors: 1) the state you operate your business in and 2) whether or not you sell on other platforms.

I’ve put together a list of everything you’ll need to pull together for your CPA to prepare your income tax return.

Part of starting your Amazon Seller business is choosing the business entity type that best meets your needs.

It’s tax time so I should start looking for a CPA to prepare my taxes right? Wrong. The fact is that a CPA can prepare your taxes at that point, but if you haven’t kept up with your books for the prior year, it could cost you a lot more.

Setting up such a system is well within reach, but each seller has different nuances that have to be accounted for to ensure a set that meets their needs.