Accounting For E-Commerce
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Accounting For E-Commerce
Accounting for e-commerce is one of the most misunderstood areas of business and one of the biggest opportunities to skyrocket your growth. Most e-commerce sellers on Etsy, Shopify, Amazon, and other platforms don’t realize that you have to pay taxes but more importantly that there are specialized e-commerce accountants who know exactly how to get you the biggest refund.
In this episode of The Big Picture Business Podcast, Dominica and Rory speak with The Perfect Accounting System Creator and E-commerce Accountant Brendan McCoy. Brendan is not just another small business accountant, he specializes in accounting for e-commerce platforms such as Etsy taxes, Etsy bookkeeping, Shopify taxes, Shopify bookkeeping, Amazon taxes, Amazon bookkeeping, well… you get the idea. If you’ve been relying on a general business accountant or QuickBooks for e-commerce alone then you really should check out this episode because Brendan shares his strategies and secrets getting the most out of your e-commerce business deductions.
“At the end of the day, you need to know how much money you’re bringing in and how much money you’re spending.” – Brendan McCoy
“Be very careful about who you choose to work with in your business.” – Rory Carruthers
“Be kind to your accountant and CPA. Send things in before the deadline!” – Dominica Lumazar
Some Topics Discussed Include:
- The top 3 small business tax deductions
- Why the numbers don’t lie and where ecommerce sellers leave money on the table every year
- The biggest mistake Brendan sees with ecommerce accounting
- How to deal with letters from the IRS requesting payments
- Implementing The Perfect Accounting System no matter what industry you are in and much, much more!
Resources and Links Mentioned:
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