Economic nexus
Most states require sellers to collect tax once sales into the state pass a threshold, even without a physical presence.
How we helpWe review your sales by state, register where needed and file each return on time.
Food and retail · Tax · Books · Insurance
Tax, books and insurance for retailers and online sellers
Selling in one store or fifty states, sales tax follows you. We track nexus, reconcile marketplace payouts and keep inventory accurate.
Brick and mortar shops, Shopify brands and Amazon sellers work with our office for multi-state sales tax, marketplace reconciliation, inventory accounting and business coverage.
Reviewed by Orkun Ozkaymak, CPA, MBA·Clients in all 50 states and abroad
Retail and e-commerce
Sales everywhere, tax everywhere
Online sales can create sales tax obligations in states where you have never set foot, and marketplace payouts rarely match the sales on your return without careful reconciliation.
Our office sets up your books to separate gross sales, fees, refunds and taxes, tracks your nexus state by state and files the returns you need.
Special needs
What makes retail different, and how we help
Where sellers most often need help.
Marketplace facilitator rules
Amazon and similar marketplaces collect tax for you in most states, but your own site does not.
How we helpWe separate marketplace and direct sales so you never pay tax twice or miss it once.
Payouts are not sales
Deposits are net of fees, refunds and reserves, and Form 1099-K shows gross amounts.
How we helpWe reconcile payouts to gross sales, fees and refunds so your return matches your forms.
Inventory and cost of goods
Inventory at warehouses, in transit and at fulfillment centers must be counted and costed.
How we helpWe track inventory and landed cost so your margins and taxes are accurate.
One coordinated office
Services for retailers and online sellers
Tax, accounting and insurance under one roof, so the numbers on your return, your books and your policies all agree.
Tax and accounting
Sales taxNexus reviews, registrations and multi-state returns.Learn more QuickBooks bookkeepingMarketplace and payment processor reconciliation.Learn more Business income taxBusiness returns with inventory accounting.Learn more RegistrationsState registrations and resale certificates.Learn more Payroll taxStore and warehouse payroll.Learn more
Calendar
Filings we keep on schedule
The recurring deadlines retailers and online sellers face most often. We track them for you and send reminders before anything is due.
- 20th of each monthIllinois sales taxForm ST-1 for Illinois sales.
- Varies by stateOut-of-state returnsMonthly, quarterly or annual in each nexus state.
- Late JanuaryForm 1099-K arrivesMatched to your recorded gross sales.
- Year endInventory countIncluding goods at fulfillment centers.
Dates shown are for calendar-year filers. When a due date falls on a weekend or holiday, it moves to the next business day.
QuickBooks Online
Books built for retailers and online sellers
Your QuickBooks shows sales by channel, so you know whether your store, your site or the marketplace earns the most.
Our office sets up QuickBooks Online with a chart of accounts designed for your industry and your entity type, mapped line by line to your tax return. Your books are ready for filing season all year.
Chart of accounts
- 41000Store salesIncome
- 41200Online store salesIncome
- 41400Marketplace salesIncome
- 52500Marketplace and processor feesExpense
- 51000Cost of goods soldCOGS
- 13000InventoryAsset
Mapped to your tax return lines
Questions
What retailers and online sellers ask us
Do I have to collect sales tax in other states?
Once your sales into a state pass its economic nexus threshold, usually a dollar amount of sales, you generally must register and collect. We review your sales by state.
Does Amazon collect sales tax for me?
In most states, yes, as the marketplace facilitator. Sales on your own website are still your responsibility.
Why does my 1099-K not match my bank deposits?
Form 1099-K reports gross sales before fees and refunds. We reconcile the difference so your return is right.
Related industries
All industriesImport, distribution and foreign-owned companiesA foreign parent, landed costs and related party pricing. We keep your U.S. company compliant with Form 5472, sales tax and clean books.Explore Grocery and convenience storesDifferent tax rates on the same receipt, lottery and SNAP sales, and cash every day. We make the numbers add up.Explore International foundersYou can build a U.S. company without living here. We form it, get your EIN, keep your books and file every U.S. return on time.Explore
Next step
Let's talk about your business
Request an insurance quote, or start your company with our office. Prefer to talk first? Book a time, virtual or in person.