Can you imagine overpaying on Amazon sales tax to the tune of $500,000? As crazy as it sounds, it actually happened. And we know because we were the ones who caught the mistake! This particular seller—who was NOT a tax client of ours during this time period—had fallen behind on their bookkeeping and hired us…
To say that COVID-19 devastated the U.S. economy is an understatement. According to Yelp’s Local Economic Impact Report, nearly 100,000 American businesses that temporarily shut down due to the pandemic are now permanently shuttered. That’s a lot of broken dreams. That’s a lot of lost money. And that’s a lot of people who are desperately…
Did you know that 92.4% of consumers are more likely to purchase a product if they can read a credible review of it first? It’s statistics like these that illustrate just how important product reviews are. And yet, customer reviews are not easy to obtain—particularly for Amazon sellers. According to LandingCube.com, the average review rate…
Launching a private label product on Amazon is a lot like launching a space shuttle: it can either propel you to new heights or end up being a colossal failure. The outcome ultimately boils down to planning (or lack thereof). In this article, we’ll give you step-by-step instructions on how to navigate this process so…
If you’re a small business owner struggling to stay afloat during the pandemic, hang tight because help is on the way. The U.S. Treasury and Small Business Administration (SBA) have reopened the Paycheck Protection Program (PPP), but with some notable differences this time. Officials have introduced new terms and conditions that are designed to quell…
In the early stages of starting an Amazon business, most sellers do everything on their own, from listing creation to customer service. And that’s perfectly fine when you’re just starting out or if you’re running a small operation. But if you want to scale, doing everything on your own simply isn’t feasible. That’s because as…
As an Amazon seller, some of your biggest operational costs will revolve around fulfillment, which involves storing your inventory, packing it, shipping it, and managing returns. It’s an important service no e-commerce seller can go without. As such, it’s worth re-evaluating what your options are to ensure you’re getting the service you need at a…
What Is Your “Year-End Inventory Value”? This is the total dollar value of all products in your warehouses as of the end of your fiscal year. We adjust your inventory account in QuickBooks to ensure the balance in your warehouse matches the balance in QuickBooks. Why Do We Do This? We do not have direct…
If we offered you $500 for reading this article, you would read it, yes? Well then you better read it, because while we’re not offering to pay you directly for your time, we are promising that the information contained within this article will save you hundreds (if not thousands!) of dollars. All you have to…
It’s the 1099 time of year again! But what does that mean and who should pay attention? Read on to find out! First off, it’s not the 1099 you’re used to this year! Of course with everything else going on in 2020, the IRS decided to throw one more curve ball and change the decades-old…