Source information from The Ecommerce Accountants

The Ecommerce Accountants: /faqs/

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  1. The Ecommerce Accountants

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    The Ecommerce Accountants is an E-commerce company.

    • What is an S-Corp?

      “Technical AnswerS corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates.”

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    • What is ecommerce accounting?

      “Traditional accounting tasks focused on a business that has e-commerce sales channels. Three factors make e-commerce accounting more complex than usual”

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    • How do tax returns work?

      “A tax return is a filing (often an electronic filing) for which an individual or legal entity reports their income or other taxable transactions to a tax authority. In the United States, individuals and business entities can have Federal, State, and/or local tax filing obligations.”

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    • How do I prepare for tax season?

      “If you have received a form 1099-K from a credit card payment processor, we strongly recommend that you consider hiring a professional. If you do not reach the threshold for receiving a form 1099-K, we usually perceive this as “low risk” and suggest that you consider an automated solution, such as turbo tax.”

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    • Does Amazon Handle Sales Taxes for me?

      “The answer is (for the most part) yes.”

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