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Retailers/ecommerce companies face special sales tax challenges

TaxConnex

Online retailers and eCommerce companies have been the focal point of taxing jurisdictions and their updated nexus laws for years. Our third annual survey of financial professionals revealed a sales tax storm in many industries. Most retail/eCommerce companies in our survey had annual U.S.

Sales 130
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Managing sales tax: Are businesses satisfied with the additional effort?

TaxConnex

Our third annual survey of financial professionals across accounting, manufacturing, construction, software and technology, retail/eCommerce, telecom and others showed that many industries face sales tax challenges and that financial leaders continue to lean on internal resources to get the job done.

Sales 130
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Does Shopify Send a 1099?

Snyder

However, you will usually need the following forms: Form 1040 for income tax returns Schedule C if you are a sole proprietor and have income or losses to report 1099-K, issued by Shopify for merchants turning over $20,000 a year or over 200 transactions. Can a Shopify Accounting App Automate My Tax Filing?

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Does Shopify Do Accounting?

Snyder

Although Shopify is a popular e-commerce platform and CMS, Shopify accounting tools are fairly limited. To execute more complex tasks such as filing compliant tax returns, you will need an integrated e-commerce accountancy app. What is the importance of accounting for e-commerce businesses?

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Avalara vs TaxJar: Who’s the Winner?

Basis 365

Are you overwhelmed with filing sales tax returns for your business? What if I told you there was a way to maintain complete compliance with sales tax filings without spending hours each month going through reports? Sounds pretty good, doesn’t it?

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2023 Readers’ Choice Awards – The Readers Have Voted!

CPA Practice

Categories for this year’s awards range from online tax, research and accounting systems, to remote engagement, practice management, document automation, workflow tools, apps for collaboration, mobile productivity and more. About 40% of our 5,000+ voters cited use of such systems, but most (apx.

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How to Set Up Accounting for a New Business: A Full Guide

xendoo

If you are keen, you’ll find a plethora of small expenses within your business are tax-deductible, meaning you can claim them on your tax return. The IRS demands that you have with you any documentation proving income credits or deductions that appear on your tax return. Previous tax returns .