Staying on top of international tax law, adhering to Amazon Marketplace’s everchanging e-commerce rules, and ensuring overall tax compliance can stress even the most efficient entrepreneurs. This makes expert CPA services and optimization of your Amazon storefront finances an essential part of doing business.
When you trust 1-800Accountant with your complex financial work, our CPAs & accountants handle these tasks for you, error-free, including tax preparation and sales tax compliance. Knowing your business's finances are expertly handled along with the powerful insights generated by your dedicated Accountant provides peace of mind and empowers you to focus on your Amazon business's next big milestone.
Connecting with 1-800Accountant, the Amazon e-commerce accounting experts, is easy and free. Here's what to do:
1. Select a convenient date and time within your schedule to speak to one of our experts.
2. Tell us about your e-commerce goals and challenges during this 30-minute call, a $199 value.
3. Once fully onboarded, we’ll create a year-round tax strategy to combat and resolve challenges and match you with an accountant experienced in serving the distinct business needs of your Amazon e-commerce storefront, ensuring a minimal annual tax burden.
Our accountants have advised numerous Amazon sellers with nuanced, strategic tax support. This extends to a diversity of scenarios. For example, inventory costs are recognized as a business expense once the inventory is sold. But what happens if you purchase two identical items for resale at two different price points, say $10 and $15, and you sell one of the two? What costs would you use? In this instance, your accountant, experienced in advising Amazon sellers, would present your options on whether to use FIFO or LIFO methods to change the cost of goods sold in a way that is favorable to your operations.
Our CPAs, with more than 17 years of experience on average, manage fees and expenses related to your Amazon e-commerce storefront on your behalf.
We recommend our proprietary bookkeeping platform, ClientBooks, to Amazon sellers and businesses on other e-commerce platforms, including Shopify. It is compatible with leading accounting software, including QuickBooks Online (QBO), Sage, and Wave. Our bookkeepers are fluent in these platforms, ensuring seamless integration and financial data management.
Operational management is the key to improving profitability for your Amazon business. Your accountant will provide guidance so you understand your margins and turnover. For instance, if an item is twice as profitable but takes three times as long to sell, it may not be worth prioritizing as the turnover rate is lower.
CPAs can help you manage and report on international sales tax related to your Amazon business. The most suitable CPAs for this task are well-versed in laws related to international sales tax.
Our CPAs help with the growth and scaling by providing financial expertise to your Amazon business. Our services are powered by a mix of expert CPAs and technology, enabling you to minimize tasks while maximizing tax savings, allowing you to focus your time and energy on sales while we handle the rest.
*Based on a $12.2k average 2022 tax refund per client, which is 4x the cost of a full-service package. Source: first-party data.
**Includes average business tax preparation, form completion and submission, record keeping, and other misc admin time. Source.
***Historical first-party data.