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How E-Commerce Automation Supports Seamless Accounting Integration

Withum

Are you tired of juggling multiple platforms to keep your e-commerce and accounting systems in sync? Many business owners face this challenge, but the solution lies in understanding how pre-configured e-commerce connectors and e-commerce automation tools can simplify your workflow. Youre not alone.

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Q-commerce and sales tax: the latest

TaxConnex

E-commerce began and soon exploded as a spinoff from brick-and-mortar retail. Now the spinoff is large enough to generate its own spinoffs, one of which is quick commerce, or q-commerce. Q-commerce is also likely to start sparking long-term questions about sales tax.

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E-Commerce Accounting with QuickBooks Commerce

SchoolofBookkeeping

E-commerce businesses face unique challenges when it comes to managing financial workflows, sales channels, and inventory. QuickBooks Commerce has emerged as a tool designed to streamline these processes, providing a structured approach to managing online sales. What is QuickBooks Commerce?

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Research & Development (R&D) Tax Credits: What E-Commerce Companies Need to Know

Withum

Potentially Qualifying Activities While seemingly routine, many of the activities performed by e-commerce companies can qualify for the R&D tax credit. See below for a non-exhaustive list of potentially qualifying activities: Experimenting with new features or functionality for an existing e-commerce platform.

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Sales tax risk: What to ask (part 1)

TaxConnex

Did your e-commerce sales increase in 2024? Good questions The right inquiries depend greatly on the individual circumstances of companies and their sales tax situation (and past exposure), but some general questions are good places to start in determining whether a company needs to evaluate its sales tax compliance process.

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IRS Will Phase in $600 Form 1099-K Reporting Threshold in 2026

CPA Practice

Notice 2024-85 specifically states: Calendar year 2024 will be regarded as a further transition period for purposes of IRS enforcement and administration of the information reporting requirements under section 6050W(e), as amended by the ARP [American Rescue Plan]. The IRS announced on Nov.

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Sales tax risk: What to ask (part 2)

TaxConnex

Did your e-commerce sales increase this year? To cite a burgeoning revenue stream for many e-commerce companies, selling through marketplace facilitators such as Amazon can create physical nexus if those facilitators store your inventory in a state though, as with transaction thresholds, this too might be changing.

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