3PLs: Packages and Pandemics after the Shipping Crisis
In February 2020, coronavirus was little more than a blip on the radar for many Americans. But by early March, government orders to close restaurants, hotels, and other businesses began to impact shipping and supply chains on a global scale. While most people experienced the impact of this interruption to some degree, one group of […]
The R&D Tax Credit: What It Is, and Who Qualifies
If your company invests time and money into research that improves products, processes, or business components, you might qualify for the Research & Development (R&D) tax credit. The R&D tax credit is an opportunity for businesses who utilize technology or hard sciences to reduce their tax burden by demonstrating that their work improves processes or […]
PPP Loans To Continue Under Expanded Funding
Earlier this month, when the CARES Act made $349 billion dollars available to businesses struggling under the Covid-19 quarantine through “forgiveable” Paycheck Protection Program (PPP) loans, it was a mad dash to get applications in. Fast forward a few weeks, and the government-backed funds are depleted, with many businesses still in the red. As we […]
PPP Loan Forgiveness: Interpreting the Ambiguous
When the Paycheck Protection Program loans provided by the CARES Act became available this month, it felt a little like the Wild West. From one bank to the next, the application, required documentation, and calculation methods to determine loan amount differed widely. But as many businesses scrambled to get their applications in, one thing was […]
Shopify Showdown: Bold Versus A2X
We recently have helped a few clients who had made a terrible mess of their books using the Bold integration for Shopify, and we were surprised the clients had not heard of A2X for Shopify. We have been using the solution for our Shopify sellers since it debuted in 2019, and find that it integrates […]
The CARES Act: Helping businesses weather the Covid-19 storm
As Covid-19 continues to disrupt the lives and incomes of many around the globe, the U.S. government has taken steps to mitigate the negative impacts on businesses within our nation. One of these steps is the recent passage of the CARES Act. Program Overview The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed […]
Top 6 Actions for Shopify Sellers to Reduce Their Income Tax Liability for 2019
“I’m buying the tesla I’ve always wanted!” That’s an exact quote from one of our amazon sellers after we saved him over 70k in taxes he expected to pay. Now these results aren’t typical but he did adopt change number #4 noted below. The below list(in no particular order) covers some of our top strategies […]
Top 6 Actions for Amazon Sellers to Reduce Their Income Tax Liability for 2019
“I’m buying the tesla I’ve always wanted!” That’s an exact quote from one of our amazon sellers after we saved him over 70k in taxes he expected to pay. Now, these results aren’t typical but he did adopt change number #4 noted below. The below list(in no particular order) covers some of our top strategies […]
What is a Shopify Accountant?
Many ecommerce sellers come to us with an understanding that accounting for a Shopify business comes with unique challenges. Our clients have found that traditional CPAs aren’t always equipped with the knowledge needed to get an accurate financial picture of their business. At minimum this results in an incorrect understanding of their Shopify sales and […]
What is an Amazon Accountant?
Many ecommerce sellers come to us with an understanding that accounting for an Amazon business comes with unique challenges. Our clients have found that traditional CPAs aren’t always equipped with the knowledge needed to get an accurate financial picture of their business. At minimum this results in an incorrect understanding of their Amazon sales and […]
