What to Know About Managing Your Finances as an Amazon Seller
If you are an Amazon Seller, your business is most likely your pride and joy. You believe in your product, and you most likely have devoted countless hours to seeing your business thrive. While this is commendable and you deserve all the credit in the world, there are various aspects of owning a business that you would be better off entrusting a third party to take care of, such as bookkeeping. Tax laws are complicated, and if you’ve heard the term “Nexus,” and you are confused about how it may relate to your business methods, you are not alone. This is what the experienced team here at AVASK Group is for. We are a team of financial professionals who can work to ensure that your finances are in order so you can focus solely on improving your product, developing new products, and managing your business. Continue reading and speak with our team to learn more about what we can do for you.
What is Nexus?
If you are an Amazon Seller, it is critical that you consider Nexus–Nexus is also known as sufficient physical presence, and essentially, Nexus is what determines whether you are liable for collecting sales tax when doing business in another state. If you sell your products on Amazon, then you most likely ship your products to states all across the country, which is why you will most likely have to collect applicable taxes in the states where your product was purchased/shipped. Our team has dealt with countless sales tax attorneys and Amazon executives, and we have the knowledge needed to ensure that you are filing taxes correctly and maximize your company’s bottom line.
We Can Help With Bookkeeping and Taxes
Our experienced team also proudly assists Amazon Sellers through various bookkeeping matters, including tax preparation and other complex matters of the General Ledger. If you have any additional questions, or you are ready to hire a team of financial professionals to help ensure that your financial situation is under control so you can focus solely on managing and improving your business, give us a call today. We are here to help.
Contact Our Team
If you are an Amazon seller and require the assistance of an experienced Certified Public Accountant, please contact Ebiz Accounting for an initial consultation. We provide Amazon business accounting services to clients in New York and throughout the United States. All Amazon sellers should have an accountant they can trust. If you are looking to expand your business, or even form a new one, do not hesitate to reach out to our knowledgeable team today.