The Growth of E-Commerce and Your Sales Tax Obligation

TaxConnex

Is it just your imagination or is e-commerce expanding every year? The e-commerce industry is growing 23% year-over-year (yet 46% of American small businesses still don’t have a website). By 2040, an estimated 95% of all purchases will be through e-commerce.

Prices, Shipping, Growth: New Trends in E-Commerce

TaxConnex

How much are consumers spending online, and what do merchants pay for shipping in relation to the overall revenue from those e-commerce orders? These are just two questions answered in the recent 2021 E-Commerce Shipping and Fulfillment Benchmarks Report.

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Understanding Your Sales Tax Obligations As an E-Commerce Business – a Checklist

TaxConnex

In fact, it is estimated that by 2040, 95% of all purchases will be through e-commerce. Sales and use tax generally applies to the sale or use of tangible personal property (TPP) and certain services.

Detailed Look at the E-Commerce Space with Marilyn Parham

BuildYourFirm

Tune in to this episode when host Hugh Duffy talks with Founder and CEO of The Bottom Line® CPA Marilyn Parham about how she got started in the E-Commerce space. Hear about the biggest challenges small businesses face in E-Commerce and what strategies can lead to success.

E-commerce 2.0: 3 Tips for Creating an Omnichannel Strategy

Withum

While businesses continue to invest in e-commerce and digital marketing today, omnichannel customer experience has become the “next step” in the e-commerce roadmap – but few know how to achieve it. The post E-commerce 2.0:

E-commerce Drop Shipping Accounting

FusionCPA

Our team of e-commerce accountants is able to assist with drop-ship accounting and understand the complexities associated with this method of shipping

9 Common E-Commerce Accounting Mistakes You Need to Avoid

xendoo

The post 9 Common E-Commerce Accounting Mistakes You Need to Avoid appeared first on Xendoo. As a new business owner, you have a lot to manage on your eCommerce site.

Embracing E-commerce as the New Norm

Withum

Articles

New report highlights key indirect tax challenges regarding compliance, technology, and e-commerce

ThomsonReuters

Indirect taxation and the e-commerce conundrum. When it comes to e-commerce and digital services, however, it is not always easy to know what tax rates apply in any given jurisdiction.

How Porch Pirates Subtly Steer E-commerce

PYMNTS

eCommerce consumer insights Consumer Spending delivery digital shopping e-commerce ecosystem Featured News fraud News online retailers online shopping porch pirates Retail Shorr Packaging Theft

Case Study: Current vs. Future State Analysis Strengthens Women-Focused E-commerce Company Operations

Withum

Case Studies

Founded in Tech: Impact of Wayfair Case on e-Commerce Companies

Withum

Podcasts

Walmart Doubles Down On E-Commerce, Slows Store Growth

PYMNTS

The world’s largest retailer by sales will be pumping the breaks on its store expansion model as it reorients its attention toward expanding its e-commerce operations and infrastructure. At Walmart’s annual investor day this year, the company announced something of a change of pace from the last several decades of its growth and development.

PingPong Global: Serving Up China’s Sellers For Global E-Commerce Marketplaces

PYMNTS

To tap into China’s “outbound” commerce market, which is, of course, huge, Chen cautioned that, “You really have to immerse yourself in its culture and business practice and develop a deep relationship with the regulators and government agencies.”. eCommerce CEO SERIES china Chinese Economy cross-border payments e-commerce Featured News marketplaces News pingpong global SMB

Daily Data Dive: Paytm’s E-Commerce Unit Sees $200M Investment Boost

PYMNTS

India’s e-commerce market has been hot over the last few weeks. It’s become one of the largest investors in India-based Paytm ‘s e-commerce unit. Here are the numbers: $200 million | Total amount invested in Paytm’s e-commerce. As we’ve reported on various companies investing in the area, Chinese-based company Alibaba is taking the lead this time.

The Best Tips for Inventory Management for Small Business

Snyderr

E-commerce inventory management. 5 common mistakes in e-commerce inventory management. E-commerce inventory management. Do e-commerce businesses need an inventory management solution? 5 common mistakes in e-commerce inventory management.

Surprise Edition: Amex, Hackers And Starbucks E-Commerce Sign-Off

PYMNTS

Data Dive Amazon American Express bitcoin CFPB cryptocurrencies Cybercrime Cybersecurity e-commerce Featured News Hacked Phone Numbers Hackers Hurricane Harvey News Richard Cordray starbucks Whole FoodsLast week’s news cycle was all about surprises. Hurricane Harvey blew into the coast of Mexico as a “blob of weather systems” and instead snuck up on the Texas shoreline and made landfall as a Category 4 hurricane.

Hot Synder Reporting Feature: Keep Track of Your Business Analytics

Snyderr

This variety of snapshots provides e-commerce businesses with loads of valuable insights for management and growth, allowing them to make decisions not based on assumptions but instead by using accurate data. Business Management E-commerce New Synder News Tech Solutions

Sales 52

7 Reasons Why ‘Buy Now, Pay Later’ Should be a Staple in Your Ecommerce Strategy

Snyderr

So, let’s delve into our top reasons why Buy Now, Pay Later should be included in your finance team ’s e-commerce strategy. . Business Management E-commerce Finances New Small Business tipsYou may be familiar with Buy Now, Pay Later as a concept.

Top Refunded Products Report: a Short Overview

Snyderr

Business Management E-commerce New Synder News Tech SolutionsWhat is the Top Refunded Products Report? Refunds are a part of running an eCommerce website.

Sales 52

Products Most Purchased Together Report: a Short Overview

Snyderr

Business Management E-commerce New Synder News Tech SolutionsWhat is the Products Most Purchased Together Report? It can be tough to keep track of which products customers tend to purchase together.

Sales 52

Affiliate Marketing Basics for Beginners

Snyderr

Let’s take a look at the Synder Partner Program , which is a good point to start with if you’re in e-commerce. If you’re a content creator, marketing agency owner, accountant or e-commerce specialist, Synder Partner Program is a perfect match!

Top Refunded Customers Report: a Short Overview

Snyderr

Business Management E-commerce New Synder News Tech SolutionsWhat is the Top Refunded Customers Report? The Refunded Customers Report is one of the most common types of insights you can extract from your existing customer database. It’s a valuable tool for understanding the refund habits of your customers. It can help you get a sense of how many of your customers are asking for a refund, and how you can reduce the number of refund requests you get in future.

Sales 40

Understanding Unit Economics

Snyderr

Accounting Business Management E-commerce Finances New Small BusinessWhile most business owners have a general understanding of how economics works, many don’t think about using it in their daily operations.

The Ultimate Guide to the Accounts Payable Process

Snyderr

Accounting Business Management E-commerce Finances New Small BusinessWhether you’re a small business owner or a manager within an international enterprise, keeping track of your spending and payments is an essential part of running a successful company.

Hacks and Smart Practices for a Much-Needed ECommerce Business Boost

Snyderr

59% of digital consumers are familiar with social commerce. Social commerce has also gained momentum following the COVID-19 pandemic, with more consumers becoming aware of social media purchasing opportunities. Business Management E-commerce New

Top Performing Products Report: a Short Overview

Snyderr

Business Management E-commerce New Synder News Tech SolutionsWhat is the Top Performing Products Report? For eCommerce stores, identifying your top-selling products is crucial for having continued success. By pinpointing which items are generating the highest gross income, you can begin to diversify product offerings and forecast demand for your best sellers.

Sales 40

Least Performing Products Report: a Short Overview

Snyderr

Business Management E-commerce New Synder News Tech SolutionsWhat is the Least Performing Products Report? Most eCommerce store owners spend most of their time focused on top-selling products and driving lead conversion. However, there are opportunities to drive sales and profit growth by improving lower-performing products. Whether you update either the way a product is produced or marketed, making improvements to your least performing items is important to success.

Sales 40

The virtual bookkeeper’s guide to understanding PayPal

5MinuteBookkeeping

It processes payments or income from various sales channels like your website, Shopify, or other e-com channels and deposits them in the bank account, net of PayPal fees. This is especially frustrating for e-commerce transactions and high volume transactions.

What is Unit Economics?

Snyderr

Accounting Business Management E-commerce Finances New Small BusinessWhether you’re a new business owner or a savvy veteran, having the appropriate information and business model in place is crucial for success.

7 Crucial considerations for DIY Amazon bookkeeping

5MinuteBookkeeping

I’ve heard this question from many sellers and today I’m going to share my thoughts as a bookkeeping expert, CPA, and e-commerce specialist. 7 Crucial considerations for DIY Amazon bookkeeping: E-commerce accounting and bookkeeping, specifically Amazon bookkeeping, is very different from other types of bookkeeping and accounting. There are few accountants and bookkeepers that actually specialize in e-commerce and do it well.

Petrone Launches New eCommerce Site For Handicrafts

PYMNTS

eCommerce e-commerce e-commerce Platform e-commerce website handicrafts News Petrone Worldwide Retail SEO ToolsPetrone Worldwide, the hospitality company, announced news on Monday (Aug. 22) of the launch of a new eCommerce website under petroneworldwide.com, which was developed using a middle market eCommerce platform.

How to record Amazon seller fees in QuickBooks Online

5MinuteBookkeeping

The preferred method that I like to use with my e-commerce clients (whether you’re entering income, deductions, fees, or whatever), is an integration with QuickBooks Online. E-commerce Amazon accounting Amazon integration with QuickBooks OnlineIf you’re an Amazon seller, you already know that there are fees that Amazon deducts from your sales.

China’s Ecommerce Sales Will Grow At A Slow, But Steady Pace In Coming Years

PYMNTS

eCommerce C2C china chinese Chinese consumers e-commerce e-commerce spending News spending What's HotRecent data shows that while eCommerce sales in China are no longer growing at a breakneck pace, the market will still continue to grow at a slow, but steady pace.

Sales 44

Retail Jobs May Not Be In Jeopardy Yet

PYMNTS

As it turns out, retail industry jobs are actually seeing growth and better pay in the e-commerce arena. ” Since 2007, e-commerce has added nearly 400K jobs across the country which is double all other retail category hires. Although research shows 8,000 brick-and-mortar stores will likely close this year, e-commerce fulfillment centers from the likes of Amazon and Wal-Mart are popping up which is likely helping to offset any employment concerns.

Coronavirus Update: Italy Closes Most Retailers; CME Group Closes Trading Floor; Amazon Establishes Relief Fund

PYMNTS

Coronavirus Amazon CME Group COVID-19 e-commerce ecommerce Italy News Retail retailers trading U.S Under siege by the coronavirus, the Italian government has ordered the closures of all retailers barring pharmacies and grocers, according to published reports Wednesday (March 11).

Warby of X: Using Quality To Support Online Mattress Buying

PYMNTS

Warby of X D2C direct-to-consumer e-commerce Featured News GhostBed Marc Werner mattress e-commerce mattress industry Nature’s Sleep Nature’s Sleep GhostBed News online mattress-buying quality Retail warby of xOftentimes the best ideas come from trying to solve a problem. And when that problem is a personal one, the drive to create an innovative solution that actually works is even stronger.

Emaar Malls’ $151M Majority Buy of Rocket Internet’s Namshi

PYMNTS

Dubai-based e-commerce retailer Emaar Malls has been looking to expand its online presence for quite some time. Following a March bid loss of Souq to Amazon, Emaar Malls has now announced its win of acquiring a majority stake in Berlin-based e-commerce incubator Rocket Internet’s fashion site Namshi. ” Retail e-commerce emaar malls Middle East namshi online Rocket Internet What's Hot

Jet.com Tests Try Before You Buy

PYMNTS

eCommerce Amazon e-commerce Jet.com News online sampling try before you buy walmartIn eCommerce news: The tug-of-war game just got a bit tighter, and Amazon may be in the crosshairs. Walmart’s Jet.com is helping to push the envelope with its new “ try before you buy ” approach. Approximately 300,000 online product samplings and exclusive offers will be included in monthly eCommerce packages.

Warehouses Aren’t Keeping Up With eCommerce

PYMNTS

Retail CBRE delivery e-commerce inventory logistics News Shipping warehouses What's HotRetail continues to migrate toward eCommerce, but warehouse space is not designed to keep up with the increasing pace of online orders. The average age of a warehouse in the U.S. is more than 30 years old, and many lack modern features, CNBC reported.