Sales tax nexus, inventory valuation, and multi-channel reconciliation for Shopify, Amazon, and Etsy sellers, handled by advisors who understand how e-commerce actually works.
E-commerce brings a specific set of tax and bookkeeping problems that a generalist accountant often misses: inventory that has to be valued correctly, sales tax obligations that can trigger in states you have never set foot in, and payment processor fees that need to be separated cleanly from actual revenue. Hasco Tax Advisors works with online sellers on Shopify, Amazon, Etsy, and direct-to-consumer platforms, handling the bookkeeping and tax details that are unique to selling online.
Since the 2018 Supreme Court decision in South Dakota v. Wayfair, states can require you to collect sales tax once you cross a revenue or transaction threshold in that state, even with no physical presence there. Most sellers on Amazon FBA discover this the hard way, since Amazon's fulfillment network can create "physical nexus" simply by storing your inventory in a state's warehouse. We help identify where you actually have nexus and what needs to be registered before it becomes a multi-state compliance problem.
Your inventory on hand at year-end directly affects your taxable profit. Overstating or understating inventory value, a common error when it is tracked loosely in a spreadsheet, distorts your cost of goods sold and either overstates or understates your tax liability. We reconcile inventory records against your actual books rather than accepting a year-end estimate.
Many states now require marketplaces like Amazon and Etsy to collect and remit sales tax on your behalf automatically. This does not eliminate your filing obligations in every state, and the specifics vary. We help sort out which states are covered by marketplace facilitator collection and which still require your own registration and filing.
Shopify Payments, Stripe, PayPal, and Amazon payouts are reconciled against actual bank deposits, separating gross sales, fees, refunds, and chargebacks correctly rather than recording net deposits as revenue.
Cost of goods sold is tracked against actual inventory levels, not estimated at year-end, so your margins reflect what actually happened, product by product.
Sellers on multiple platforms, Shopify, Amazon, and Etsy simultaneously, get one consolidated set of books instead of three disconnected reports.
Sales tax collected is tracked as a liability, not revenue, and reconciled against what has actually been remitted in each registered state.
Join the individuals and business owners who trust Hasco Tax Advisors with their most important financial decisions. Your first consultation is completely free, and you will leave it with a clear, direct answer on what is needed and what it costs.