Home » Industries » E-Commerce Accountant

Your E-Commerce Accountant Quick Guide

It’s crucial to choose an e-commerce accountant who can proactively minimize your tax burden by up to $1M/year, while helping you to grow your profits.

	Increase profitability
	Upfront fixed fee
	Proactive and innovative

Top E-Commerce Accountant Platforms

The Importance of a Specialized E-Commerce Accountant

60%

of small business owners have limited financial
knowledge

According to Accountancy Age, the biggest fear for small business owners handling their own accounting is making a mistake. This is probably because 60% of small business owners have limited knowledge when it comes to the financial and accounting aspects of their business.

98%

of small business owners who have an accountant feel more confident about their business

Nine out of ten small business owners believe that their accountant plays a key role in the success of their business. In fact 10 out of 10 of the small businesses who have a CPA say other businesses should get one too and 98% said their accountant gives them more confidence in their small business.

44%

of business owners believe their accountants are more reactive than proactive

A large portion of small business owners don’t feel their accountants are coming through for them. For example, 44% claim their accountants are more reactive than proactive, with 36% experiencing timeline issues, 32% lacking sufficient guidance, 29% feeling their accountants don’t offer advice, and 23.6% not being adequately educated by their accountants.

We’ll Integrate with Your Cloud Accounting Software

E-Commerce Data Management Regulations You Need to Know

As online business becomes more prevalent, the legal requirements for e-commerce grow increasingly complex. Despite this, every e-commerce owner must understand and comply with these laws to avoid legal issues and maintain consumer trust.

Fair Packaging and Labeling Act (FPLA)

The Fair Packaging and Labeling Act (FPLA) is a U.S. law enforced by the Federal Trade Commission and the Food and Drug Administration. It mandates that all consumer products be labeled with specific information, including:

The identity of the product
The name and address of the manufacturer, packer, or distributor
The net quantity of the product, stated in weight, measure (both metric and imperial), or numerical count

Payment Card Industry Data Security Standard (PCI DSS)

The Payment Card Industry Data Security Standard (PCI DSS) is a collection of security guidelines created to ensure the secure processing of payment card information. Established by major credit card companies like Visa, MasterCard, American Express, Discover, and JCB, PCI DSS seeks to safeguard sensitive cardholder data and minimize the risk of data breaches and fraud within the payment card industry.

Children’s Online Privacy Protection Act (“COPPA”)

The Children’s Online Privacy Protection Act (COPPA) is designed to protect the privacy of children under 13 by requiring parental consent for the collection or use of their personal information. Effective since April 2000 and revised in 2013, COPPA was enacted in response to growing concerns about internet marketing practices targeting children and collecting their personal data without parental notification. This Act applies to commercial websites and online services aimed at children.

How Do We Save You $10K+ to $1M+ in Taxes?
Using Our “Tax Planning” Strategies

The Tax Plan For Current Year & Beyond	✓
Deduction Review & Strategy Planning	✓
Legal Entity Optimization Across LLC, S Corp, Partnership	✓
Retirement Options To Save While Minimizing Taxes	✓
Insurance Review To Protect Assets & Reduce Taxes	✓
TCJA, FFCRA, CARES Review For Liability Minimization	✓
IRS & Court Case References Support Positions	✓
Core Strategy Implementation	✓
Business Tax Preparation	✓
Quarterly Estimated Payments	✓
Quarterly Core Tax Planning & Implementation	✓
Quarterly 1-On-1 Review Tax Position	✓

Looking for More Advanced Strategies?

Asset Protection

Tax-Advantaged Wealth

Exit & Capital Gains

Niches Specific

International

Your Financial Partners

With 27 years of experience, we specialize in best-in-class tax minimization strategies, personalized advisory, and technology-driven efficiency.

We formed Accountant Partners so business owners like yourself would receive partner-level value in accounting, reporting, and strategic advisory, providing real-time insights that help minimize your tax burden and maximize profitability.

Our holistic approach ensures quality-consistency, efficiency, and peace of mind communication, allowing you to focus on what you do best.

As your trusted partner, we aim to build a strong, long-lasting relationship to grow your business profitably and create a long lasting advantage towards continuous success.

Allan Bayer | Accountant Partners
Partner

Trusted by Business Owners

Lauren Thompson | CEO

"Accountant Partners have been helping me file my taxes for the last several years, including my complex business taxes for a multi-state business. I'm extremely happy with their services and they have worked hard to find ways to save my money. I highly recommend them!"

Will Elroy | Business Owner

"One of my business partners referred me to Accountant Partners a couple of years ago. They've been filing my business taxes as well as providing me with some financial growth and CFO services. They are a small team yet extremely knowledgeable on small business taxes. They were immediately able to identify ways for me to save money, via some deductions I hadn't been taking advantage of and some other general recommendations. I highly recommend them to any small business owner looking to take their business to the next level."

Georgine Correa | President

"Doing my own business taxes was getting complicated, messy, and stressful. Mine became even more complicated during the pandemic and I was going crazy dealing with the IRS. Then I found Accountant Partners and they have been a tremendous help! Their CPAs are very personable and give high-quality service I haven't seen anywhere else. I highly recommend them for other struggling business owners!"

We Strive for World Class Service

Call/Email Response Within 24 Hrs

Schedule of Service Delivery

Upfront Fixed Fee

E-Commerce Accountants

Multiple Points of Firm Contact

Proactive CPAs

Constantly Innovating!

Switching Accountants Is Easier Than You Think

Switching accountants only seems like a major pain in the butt…
But in reality, it’s a brief communication with your current accountant:

“It’s time for a new direction. Please send my books over to Accountant Partners. Thank you for your service.”

Your accountant is professionally mandated to provide your books to whomever you request they go to. It’s really that easy.

Fixed Price

The Only CPA Firm with a Pricing Guarantee

Our pricing guarantee is simple: If we don’t quote you upfront for the work, we don’t expect you to pay. Whether that’s in our first engagement with you, or it’s in 20 years from now.

You’ll never receive an unpleasant surprise in our invoicing.

Our guarantee makes it a no-brainer to work with Small Business Accountant Sarasota.

Book Your Free Consultation

If you’re looking to grow your business and willing to listen to new and better ideas, then we’re the trusted Small Business Accountant for you.

During our initial consultation, we’ll review your immediate needs and provide a course of action with a fixed-fee quote (no surprise bills here).

FAQs

What are the fundamentals of e-commerce accounting?

E-commerce accounting primarily uses two methods: the cash method and the accrual method. The accrual method is more commonly used and may be legally required, depending on the business’s size and nature. The main difference between these methods lies in the timing of when a transaction is recognized.

What role should accountants play in e-commerce?

An e-commerce accountant is essential for managing taxes, bookkeeping, financial analysis, and growth planning for your brand. In terms of tax management, they can uncover tax-saving opportunities and offer guidance on navigating the complexities of U.S. sales tax regulations.

Do you need an accountant for e-commerce?

An expert e-commerce accountant will guide you on where, when, and how much tax to collect and remit. They will also ensure your Profit and Loss statement and Balance Sheet are accurate, which is crucial for attracting lenders and investors, as well as for maintaining proper accrual accounting practices.

What does ecommerce accounting entail?

Like all business accounting, ecommerce accounting involves:

Basic bookkeeping tasks, such as managing invoicing, payroll, and balance sheets.
Advanced planning and reporting functions, including preparing financial statements and developing a strategic tax plan.

Key focus areas often include tax management, bookkeeping, and growth planning.