Inventory accounting
Most online sellers need to maintain inventory on the balance sheet: FIFO or specific-identification for most. Cash-basis doesn't exempt you from the inventory requirement when gross receipts exceed the small-business threshold.
Multi-state sales tax nexus
Economic nexus typically triggers at $100,000 in sales or 200 transactions per state. FBA sellers have additional physical-nexus exposure in every state Amazon stores their inventory.
Marketplace facilitator rules
Amazon, Etsy, eBay, and similar platforms collect and remit sales tax on your behalf in most states. You still owe on direct-to-consumer and wholesale sales outside the platform. Getting this wrong creates double-filing or missed filings.
Common questions
- Do I need to register in every state Amazon stores my inventory?
- Historically yes. Many states have softened this post-Wayfair, but registration is still advisable in major FBA warehouse states.
Related
Corporation & Partnership Tax Returns
Forms 1120, 1120-S, and 1065 preparation for corporations, S-corps, and partnerships. Multi-state filings handled.
Monthly Bookkeeping
Monthly, quarterly, and annual bookkeeping with a detailed report and balance sheet. QuickBooks-ready files.
Sales Tax Planning
Florida sales tax registration and multi-state nexus filings. We keep you current with DR-15 and equivalent forms.