E-Commerce Bookkeeping and Tax Services

Platforms deposit net payouts. Gross sales, platform fees, shipping, discounts, refunds, chargebacks and reserves are recorded separately and reconciled to each platform's reports, so revenue and expenses match what actually happened.

Landed cost includes product, freight, duties and tariffs, not just the supplier invoice. Inventory is tracked so cost of goods sold matches what actually sold, which decides your real margin and your taxable profit.

After fees, ads, shipping and returns, some channels and products earn far less than they appear to. Reports by channel and product show where the money is actually made.

Most states require collection once sales pass their economic thresholds. Marketplaces collect on their own sales, but your website may still need registration, and inventory stored in another state's warehouse can create nexus on its own. Exposure is reviewed before it turns into back taxes.

The 1099-K threshold is back to $20,000 and 200 transactions. The amounts reported are gross and rarely match the books, so they are reconciled before filing to keep income from being overstated or questioned.

Small businesses have simplified inventory methods available, and the method chosen changes taxable income. As the store grows, entity type, an S-Corp election and owner pay are reviewed so taxes keep pace with the business.