Highly Experienced Accountants for Online Businesses

E-commerce companies are experiencing radical change as more and more sellers move online.

In the last decade, E-tail made up over 14% of global retail sales (as of 2020) and is on pace to grow at a compound annual growth rate of 20.4% over the next five-year period. As smaller brands develop loyal followings and tap into supply chains once guarded by Fortune 500 companies, the number of successful online sellers is rapidly growing.

With changes in the competitive landscape and how consumers purchase goods, e-commerce companies have had to keep pace with their operations. This requires careful attention to operating agreements, unit costs, and marketing budgets.

Tax Planning Strategies for E-Commerce

At Tax Hack Accounting Group, we understand the challenges involved with e-commerce taxes. Our experts will ensure that your e-commerce business stays compliant with tax law while guiding you toward every opportunity to save your hard-earned money. We can advise on the ideal corporate structure to reduce your tax burden, whether that’s an LLC, S Corp, or C Corp. We will help you to set up a bookkeeping system that ensures your financial obligations remain crystal clear. If you need assistance navigating the complexity of e-commerce sales tax, our team can help clarify that for you as well.

Guidance on Bookkeeping & Software Selection with E-Commerce

Accurate and well-maintained records are essential for claiming legitimate tax deductions. E-commerce companies can often deduct expenses related to inventory, shipping, advertising, home office expenses, and more. Proper bookkeeping ensures that these deductions are well-documented and comply with tax regulations, reducing tax liabilities. Furthermore, effective bookkeeping, combined with the right software, can streamline financial tasks. This efficiency gives time and resources back to e-commerce business owners to invest in growing their business, marketing, or enhancing customer experiences. Our team at Tax Hack Accounting Group, can walk you through what systems and bookkeeping software will be best suited for your online business.

Work with Cutting-Edge Tax Advisors in the E-Commerce Space

Keeping pace with our clients is no easy feat. That is why we’ve developed tools and metrics that help online sellers understand their own progress against goals and how they measure up to the rest of the industry. To keep up with our clients, we’ve established an advisory program staffed by e-commerce CPAs, dedicated to consistently delivering a first-rate client experience. Our proven method for delivering a successful On-Ramp includes:

• Prior Year Tax Return Review Covering Missed Strategy and Deductions
• QuickBooks, Xero, Accounting Systems Diagnostic 
• Financial Projections & Tax Liability 
• Tax Credits Analysis 
• Entity Considerations, Structuring Optimization, and Tax-Optimal Buy-Sell Agreement 

Our focus is well beyond tax return filings. We partner with e-commerce companies who are looking for a team that can constantly deliver more. This is exactly what our e-commerce bookkeepers offer to every client that joins out On-Ramp program.