Tax

Understanding Ecommerce Sales Tax

Estimated reading time: 10 minutes 30 seconds. Ecommerce sellers used to have a pretty easy time when it came to sales tax, but those days are gone. In June 2018, a landmark case turned the tide on sales tax collection for good. The Wayfair vs. South Dakota ruling redefined the criteria for business owners eligible to pay sales tax. Prior to this ruling, business owners needed physical presence in a state to be considered eligible to remit sales tax.

eBay Taxes: An Overview Guide

Estimated reading time: 22 minutes 30 seconds. eBay sellers generally need to pay most attention to the following taxes depending on their location: Sales tax (for the US) VAT or GST (for countries outside the US like the UK & Europe) Income tax (for most sellers, wherever they are) For more detailed information on these, select the guides linked above. Here, we’ll cover some of the frequently asked questions about eBay taxes across the board.

The Development Stages of Your Ecommerce Tech Stack

Estimated reading time: 5 minutes 30 seconds. This blog is based on a guest post from our friends at Clearinity. Businesses, like people, evolve over time. Just ask any entrepreneur, and they’ll tell you that years 1-3 may look nothing like years 5-8! The clientele are different. The revenue is different. How daily work gets done might be similar, but the systems that help are usually very different. Clearinity noticed that the best business builders will tell you that they have a plan for their business.

Amazon Income Tax Guide: What You Need to Know

Estimated reading time: 8 minutes. Most Amazon sellers bring in around $1000-5000/month in revenue, with around 6% making upwards of $250,000. Even after the costs and fees hidden behind those figures, that’s some substantial income. “Income” doesn’t just mean “salary”. A one-off garage sale worth $200 is technically income. It is simply money received, usually in exchange for goods and/or services. Selling on Amazon very much qualifies as an income source.

The Ultimate VAT Guide for Amazon Sellers in UK & Europe

Estimated reading time: 51 minutes. So you’re an Amazon seller interested in VAT? Perhaps you’re in the US wanting to do business in Europe, or you’re in Europe and keen to understand your Amazon tax obligations. Either way, this guide will break it down for you. Whilst there are similarities between VAT, sales tax and GST, the former is a little unique. The EU member states have some parameters they must keep to, and some they don’t.

A Brief Guide to VAT Obligations for Amazon Merchants Selling in Europe

Estimated reading time: 5 minutes. There’s no denying that automation drives efficiency and reduces cost. In the long run, the most efficient players in any given market have the best chances of winning market share and building long-lasting businesses. For ecommerce, warehousing and fulfilment, Amazon has positioned itself to take full advantage of the coming automation era by implementing the latest technologies and creating a highly automated eco-system. Amazon’s offering makes it much easier for merchants to sell internationally than ever before.

Shopify VAT: How To Do It Right [Guide + Useful Links]

Estimated reading time: 6 minutes. Just about everything is taxed. And as you’ll no doubt be aware, it’s not all the same kind of tax. Tax has become a strange, disconnected sort of extended family tree. Your income tax branch includes members like capital gains, estate, payroll, and inheritance tax. Then there’s the awkward, money-hungry branch of property, real estate, and gift taxes. And these barely scrape the surface. Here, we’ll be talking about the exotic foreign cousin of the goods and services tax family.

Amazon Tax Canada: What You Need To Know

Estimated reading time: 7 minutes. Canada’s sales tax is a bit of a mutt. It’s not quite the same breed as the US, or as Europe, but almost a cross between the two. Canada’s sales tax is called GST (goods and services tax), and is a value-added tax, meaning it is added onto the value of an item at each stage in its manufacturing journey. Although the GST rate is consistent across Canada, the story barely begins there.

How A2X Handles VAT in All European Ecommerce Marketplaces

Estimated reading time: 9 minutes.  Anyone who runs an online store will know that the beauty of ecommerce is that its capabilities are limitless. It’s a fantastic way for retail stores of any type and size to reach a new community of customers – enabling you to expand your sales worldwide without the extensive costs of setting up a brick-and-mortar store. Ecommerce has levelled the playing field, making it possible for small businesses to compete with corporate giants on an international stage.

AVASK's James and Angelos discuss Amazon VAT compliance and enforcement with Ed Rosenberg

Last week Ed Rosenberg interviewed A2X partner firm AVASK about VAT compliance and enforcement for Amazon Sellers. James and Angelos covered how VAT compliance is being enforced for Amazon Sellers and the penalties faced if a business ignores compliance. VAT is complex, with some very serious implications for your business, check out the full interview below to get a sense for the challenges and importance of the VAT accounting for Amazon sales.