Oh, Amazon. Can we ever keep up with the advances, transitions and market share increases that you constantly roll out? A huge number of Profit Planners in our community are Amazon FBA sellers. But even if you’re not, it’s worth keeping your eye on the retail juggernaut’s movements. Because despite being a freakin’ gigantic company…
Didn’t Collect Sales Tax Last Year? It’s Totally Fine! (for now)
If you didn’t collect and remit sales tax in your Amazon FBA biz, this new tax amnesty program lets you off the hook. Yes, really! Amnesty for back business taxes you didn’t pay? Yes please! The Multistate Tax Commission (which you probably haven’t heard of before now) recently created a program offering sales tax…
This Newest Amazon Product Puts the Social Fun Back Into Shopping
Amazon launches Amazon Spark, a social sharing platform that shortens the path between product discovery and product purchase. When I was a kid, my sisters and I used to wait with breathless anticipation for the new editions of our favorite catalogue. At age 8, it was the American Girl doll catalogue–we marked the pages of…
Accounting for Your Amazon Settlements the Right Way – Guest Post from A2X
Our pals at A2X are changing the game when it comes to automated accounting for Amazon sales and fees. We reached out to them to ask about an area that befuddles many an online retailer: cash accounting vs. accrual-based. As you’ll see, this can have a BIG impact on your business’ financial reporting…which means another BIG impact when tax…