by Fully Accountable | Feb 6, 2025 | Accounting, Taxes
As the year draws to a close, Shopify store owners must shift their focus from sales and marketing to tax preparation. Proper year-end tax planning is crucial to ensure compliance with tax regulations, maximize deductions, and avoid penalties. Whether you are a...
by Fully Accountable | Jan 21, 2025 | eCommerce Accounting, eCommerce KPIs, Taxes
Navigating sales tax compliance can be overwhelming for e-commerce businesses, especially with the varying state rules and the complexities of online transactions. From understanding what sales tax is to determining when and how to collect it, staying compliant...
by Fully Accountable | Dec 30, 2024 | eCommerce KPIs, Taxes
As tax season approaches, e-commerce business owners face the critical task of managing their financial records and ensuring compliance with tax laws. While often stressful, this annual process presents a valuable opportunity to evaluate your business’s economic...
by Fully Accountable | Nov 26, 2024 | FA Services, Taxes
Filing taxes can be complex, especially when reporting payments made to independent contractors and vendors. As such, a business requires Form 1099-NEC as an important document that accounts for compliance with the Internal Revenue Service (IRS) and proper reporting...
by Fully Accountable | Nov 26, 2024 | FA Services, Taxes
Everyone secretly hopes for an easy way to avoid overpaying taxes. Yet, many are unaware that there are ways to overcome such obligations. A perfect example of this is the Research and Development (R&D) Tax Credit, a powerful tool for easing the burden of...
by Fully Accountable | Nov 26, 2024 | Accounting, FA Services, Taxes
At the end of the year, businesses must tie up loose ends and prepare for a fresh start. This is a period to reflect on achievements, address outstanding tasks, and set strategic goals for the coming year. One essential aspect of this process is creating a...
