Amazon is a big market place of the world and everyone nowadays seems to be selling on their website. It is possible to sell items from your closet that you no longer want on Amazon,all you need to do is open a personal selling account . Depending on the volume of business you expect to do on Amazon ,you may create a personal seller’s account or a professional seller’s account;FBA sellers will definitely need to have the professional seller’s account.
If you are selling just a few items on Amazon (less than 40 a month) a personal selling account and a simple software is all you may need to keep track of things. When it comes to doing business in the United States,everyone needs to be careful how they do book keeping;you really don’t want to be the subject of an IRS audit or assessment. You need to pay your fair share of uncle Sam’s burden,but you really don’t want to pay a dime more,do you?
If you are a successful sales person on an Ecommerce platform,you must spend a lot of your time on sales and some important stuff such as book keeping and taxes may not be getting the attention they deserve. You sure don’t have the time or the inclination to read through all the 3.8 million words that make up the U.S tax code!
Accountants such as The Amazon Accountants are who you need if you want to run your business without trouble with the IRS.
Hire accountants who have vast experience in both book keeping and taxation and working with them will free up a lot of time so that you can really focus on your core competencies. Good accountants account so that you can do three things: sell, sell, sell! These accountants take all the book keeping worry from you so that you can concentrate on creating wealth. They are experts in Financial Analysis and this means that they will delve deep into how your business works and tell you where you need to improve to get better financial outcomes.
You will have professionals who have years of experience in the area of taxation handling your FBA sales tax compliance and reporting. Using the services of a professional accountant inspires confidence and you will have peace of mind in the knowledge that all the FBA tax issues have been expertly addressed.
Working with a good accountant like The Amazon Accountants has the benefit of helping you grow wealth through keeping more of what your S-corporation or LLC makes. You will get someone else take care of payroll processing and pay all taxes involved as well as report to IRS.
Good accountants double up as consultants who can guide you in complex areas like estate planning,valuation and selling of your business.
Don’t get overwhelmed in managing your FBA selling business;get help from professionals.