Know Your Retailer and Ecommerce Tax Obligations and How to Improve Income Through Effective Financial Planning
If you’re managing an ecommerce startup or have already achieved success as a retailer, it’s critical that you have an accounting partner who can help you navigate complex tax and financial planning issues – especially if you have operations in more than one state. Smyle & Associates, LLC knows the issues faced by the retail and ecommerce sector which means that we can proactively seek out ways for you to maximize your profitability and minimize your tax liabilities.
Providing experienced advice on nexus laws.
As more and more states have sought solutions to the remote sales tax loophole in order to protect their budgets as well as their local brick and mortar retailers, a number of states have enacted affiliate nexus laws, while others have increased reporting requirements on retailers and others have sought to collect the taxes they believe they are already owed.
Ignoring these tax issues won’t make them go away. Smyle & Associates, LLC can manage your tax reporting requirements to help shield your business from sales tax penalties from the past, present and into the future.
For retailers we have in-depth knowledge and experience of the sector from single sites to multi-channel retailers covering retail shops, ecommerce shops and many other sites such as Amazon, eBay, and others.
Our accounting services for retailers and ecommerce includes:
- Preparation of annual accounts
- Preparation of monthly management accounts
- Preparation of tax returns
- Financial forecasting and budgeting
- Strategic reporting
- Company structures
- Acquisitions and disposals
- Exit strategies
- Sales and excise tax advice and preparation
- Financing of new developments
- Payroll services and more