ONLINE ACCOUNTING AND TAXATION SOLUTIONS FOR E-COMMERCE BUSINESSES
Ecommerce accounting refers to collecting, analyzing, organizing, and reporting financial data related to business transactions and assets within an ecommerce business. All the financial information that ecommerce entrepreneurs obtain via these procedures are valuable foundations for making future business decisions.
Why Use QuickBooks desktop and QuickBooks Online?
OUR ACCOUNTANTS OFTEN FIND THAT THE MOST COMMON PROBLEM WITH E-COMMERCE BUSINESSES IS THAT THEIR BOOKS ARE NOT STRUCTURED CORRECTLY. THE BUSINESSES ARE NOT EXPENSING THE CORRECT AMOUNTS OR THE CHART OF ACCOUNTS ARE SETUP INCORRECTLY AND NOT EFFECTIVELY EXPENSING THEIR EXPENSES AT THE RIGHT RATES PRESCRIBED BY THE IRS.
Our Team works closely with the E-Commerce Business owners to devise corporate strategies that minimize the tax brackets and effectively utilizes the low corporate tax brackets.
ITS ALL ABOUT THE MARGINS!
We deploy progressive accounting measures to setup tax saving strategies for E-Commerce businesses to further lower their tax liability and effectively operate their businesses online.
HOW DO WE HELP E-COMMERCE BUSINESS OWNERS?
We provide customised accounting and taxation solutions catered to E-Commerce business owners. We first start by a business evaluation/ consultation and evaluate the inefficiencies and devise effective strategies to reducing business operating costs and taxes. RC Accountants can help with entity registrations in the form of obtaining relevant documentation like corporation registration (C-Corp) obtaining EIN or TIN or ITIN numbers for the clients. S- Corp Registration or Sole proprietorships.
- What is a Business tax ID Number? – In the US, e-store owners need to contact the IRS to get an Employer Identification Number (EIN). This is a 9-digit number that you’re going to use on all taxation documents for your business. You don’t have to go to the IRS in person, but you can request it via an electronic form. It’s delivered to business owners via email.
On the other hand, sole proprietors use their Social Security Number (SSN) on their tax documents and other business papers.
- What type of Accounting Solution can we provide to E-Commerce business owners? –
Our Accountants conveniently use accounting tools such as:
- QuickBooks Desktop and Quick books online – QuickBooks online and QuickBooks Desktop is a very effective and efficient accounting software that processes bills and business payments.
Why Use QuickBooks desktop and QuickBooks Online?
Using QuickBooks Desktop and Online can help you simplifies your business accounting no matter what industry your businesses operate. It is a customer-oriented solution that automates the majority of your business accounting tasks, which cuts down on time and the potential for human mistakes.
Benefits of Using QuickBooks Desktop and QuickBooks Online?
QuickBooks is a must have software for any business. It simplifies and streamline the accounting, reporting and tracking and most importantly it guarantees that the process of managing your company finances will be much easier.
Here re are some benefits of using QuickBooks Desktop and QuickBooks Online:
- You will never lose any important data using this software because it has an automated back up service, which keeps your financial data secure and safe.
- It has easy to use software that made to be use by many people and its design is easy to understand.
- Help you manage your taxes easily; you will not have to worry whether your tax report will be made correctly and on time.
- QuickBooks challenges businesses towards product innovation and open thinking,
- It makes accounting easier, save a lot of time and work performance will significantly rise because of integrated tools that this software has.
Other accounting Software’s – Our team is versatile and is not limited to QuickBooks related products. Please contact us to further discuss how we can help work and connect with different accounting software platforms.
WHAT ARE SOME OF THE COST SAVING AND TAX SAVING STRATEGIES FOR E-COMMERCE ACCOUNTING BUSINESSES?
OUR ACCOUNTANTS OFTEN FIND THAT THE MOST COMMON PROBLEM WITH E-COMMERCE BUSINESSES IS THAT THEIR BOOKS ARE NOT STRUCTURED CORRECTLY. THE BUSINESSES ARE NOT EXPENSING THE CORRECT AMOUNTS OR THE CHART OF ACCOUNTS ARE SETUP INCORRECTLY AND NOT EFFECTIVELY EXPENSING THEIR EXPENSES AT THE RIGHT RATES PRESCRIBED BY THE IRS.
Our Team works closely with the E-Commerce Business owners to devise corporate strategies that minimize the tax brackets and effectively utilizes the low corporate tax brackets.
ITS ALL ABOUT THE MARGINS!
We deploy progressive accounting measures to setup tax saving strategies for E-Commerce businesses to further lower their tax liability and effectively operate their businesses online.