The Ecommerce Accountants | CPAs for eCommerce
Your E-Commerce Accounting Team
The Accounting & Tax experts that will help you grow your online businesses!
RESERVE YOUR FREE CONSULTATION
If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.
Jeff Bezos, Founder of Amazon
Chris Rivera, CPA-Founder
Chris founded the E-commerce accountants in 2019 which specializes in tax, accounting, and business structuring for eCommerce companies including Digital Marketers, Drop Shippers, Amazon Automation, Amazon FBA, Internet Coaches/Gurus. Chris works with some of the most high profile and influential individuals and businesses in the eCommerce space.
Prior to the start of his firm, Chris spent six and a half years with Ernst & Young specializing in tax and accounting for retail consumer products and service companies. During this time, Chris worked entirely with multinational businesses (both public and private) providing services including: business structuring, accounting consulting, auditing, tax compliance, and tax planning.
Chris graduated from the University at Albany and is a New York State Certified Public Accountant .
Why should you work with our firm?
- Revenue Recognition
Your local accountant does not understand your business! The deposits that hit your bank account from Shopify/Amazon/Ebay are not your revenues. Instead this is a net number that includes, refunds, chargebacks, credit card processing fees, and potentially other items! Revenue recognition is the most common area for which we notice that most Accountants (that don’t specialize in E-Commerce) make mistakes!
- Inventory Accounting
Did you know that your inventory spend is not always deductible? One of the most common mistakes that we see our clients make is assuming that all of your inventory spend is deductible. According to the IRS, if you produce, purchase, or sell merchandise, in your business, you must keep an inventory and use an accrual method for purchases and sales of merchandise. In simpler terms, your inventory is nondeductible for accounting or tax purposes until it is actually sold!
- We Understand You and Your Issues!
All of our clients are E-Commerce Entrepreneurs. On a daily basis we work with sales channels that include Shopify, Amazon, Etsy, Ebay, and Walmart sellers. Within each of these sales channels we work with clients that drop ship, wholesale, warehouse inventory, 3PL inventory, and even Print-on-Demand. Our clients also advertise and market across many platforms including Facebook, Tiktok, Bing, Pinterest, Google, Snapchat, and even influencers.
- Sales Taxes
As you likely already know but struggle to completely understand, e-commerce sellers need to consider sales tax compliance in all jurisdictions for which you have nexus. What makes this topic extremely difficult to understand is that online sellers are diverse! Nexus risk and sales tax compliance for a Direct-to-Consumer (D2C) e-commerce seller such as a Shopify, WooCommerce, or Click Funnels can be DRASTICALLY DIFFERENT than a Market Place Seller such as Amazon, Walmart, Etsy, or Ebay. To further complicate this issue, nexus risk can arise for either business physical presence (such as inventory, employees or office space), or business economic presence such as sales volumes in particular jurisdictions.
Services
| Outsourced CFO | Ecom CFO | Executive CFO |
|---|---|---|
| Preparation of the IRS S-Corp Election form 2553 | Includes EVERYTHING in Outsourced CFO | Includes EVERYTHING in Previous Packages |
| Payroll Software Setup | Sales Tax Registration & Filings for 3 States | “Exit Ready” Financial Statements |
| State Payroll Tax Registration | Profitability Report by Sales Channel | Dedicated Weekly CFO Call |
| State Sales Tax Registration & Filings | Payable & Receivable Accounting | Cashflow Forecasts |
| Business Tax Return Preparation | Exit Ready Financials | |
| Individual Tax Return Preparation | ||
| Slack Ongoing Support |
