Tax Time for Amazon FBA: Everything You Wanted to Know (But Were Afraid to Ask)

If you’re an Amazon seller living in the US, then you’re probably aware that tax time is right around the corner. In fact, Amazon just released the 1099-K forms just a few days ago. Businesses are required to file taxes by March 16, 2019. And personal taxes are due by April 15, 2019. For a lot of folks (myself included), taxes can be a bit of mystery. So, I’ve compiled some information to help you navigate the tax waters, so to speak. Should I get an accountant? I’m not even going to beat around the bush with this one: yes. A resounding YES! Unless you’re a tax expert (ie. you’re already a certified public accountant), getting a professional accountant to handle your taxes is one of the best things you can do for your business. Since taking on a business partner back in 2016, for my own Amazon FBA business, a professional accountant has handled all of my taxes. And while there is a cost associated with having an accountant, in my experience a good accountant not only saves you that much in taxes (and then some), but could possibly even turn owing taxes into getting a refund back. If you’re … Read More

The post Tax Time for Amazon FBA: Everything You Wanted to Know (But Were Afraid to Ask) appeared first on Jungle Scout: Amazon Product Research Made Easy.

Source: https://www.junglescout.com/blog/amazon-fba-taxes/

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