Our Year-End Tax Projection Reports are a powerful resource that allows you to plan your finances intelligently. These customized reports provide you with a comprehensive overview of your estimated tax due at the end of the year based on your real-time monthly financial data. With this information, you can make informed decisions and take proactive steps to optimize your tax situation.
We believe that informed financial decisions are the foundation of business success. Our Year-End Tax Projection Reports empower you with the knowledge you need to take control of your tax situation.
E-commerce businesses often sell products to customers located in multiple states and even internationally. Each state and locality may have different sales tax rates, rules, and exemptions. Complying with these varying requirements can be cumbersome. Additionally, sales tax laws are subject to changes so it is important that you stay up to date with the laws and regulations. Non-compliance with sales tax regulations can lead to audits, penalties, and fines. E-commerce businesses need to be diligent in their compliance efforts to avoid costly consequences.
E-commerce businesses often sell their products on multiple online marketplaces, such as Amazon, eBay, Shopify, and more. Each of these platforms may have its own inventory tracking system and requirements. Coordinating inventory across these various channels can be challenging and may require specialized software or integrations.
When engaging in eCommerce bookkeeping, it is important to keep in mind that sales may come from different channels if you sell on more that platform. Pulling all the data and transactions from the different channels and creating reports that make sense can be time consuming and confusing if you don’t know what you are doing.