Specialist Accountants For Amazon FBA
If you are aiming for your business to thrive in ecommerce, you could understandably rejoice at the prospect of partnering with Amazon, a long-established giant in the online retail space. For third-party sellers, Amazon offers its popular Fulfilled by Amazon (FBA) scheme.
However, while this service can certainly take much of the complexity out of selling on Amazon, you should be wary of complacency setting in. Otherwise, you could too easily find yourself drawn in by unhelpful myths about the implications of selling via Amazon FBA.
Perhaps you could end up ill-advisedly holding off bookkeeping duties until you are asked to submit a tax return. Alternatively, you could resort to DIY bookkeeping that risks you making costly errors. An accountant with specialist expertise can prevent you from running into situations like these.
What Is Amazon FBA?
Fulfilment by Amazon (FBA) is a service offered by Amazon to let online businesses outsource order fulfilment responsibilities to the US-based company — a company that is thoroughly experienced in handling these duties to a high standard.
When participating in FBA, you would send products to Amazon fulfilment centres so that, once a customer has purchased one of these products via Amazon itself, it will be Amazon that picks, packs and ships the order — and, if necessary, processes its return.
With Amazon overseeing fulfilment — and even offering customer service — for products from your brand, shoppers will be able to buy from you while also utilising such attractive Amazon services as the super-efficient, one-day delivery available to Amazon Prime subscribers.
Why Seek An Accountant’s Assistance With Amazon FBA?
It’s tempting to think that utilising Amazon FBA would essentially allow you to sit back and leave Amazon to do a lot of the legwork. To an extent, that might be true; however, registering with FBA would still leave you with a lot on your own plate.
You would remain responsible for keeping track of your company’s cash flow as well as the costs of what you sell and any taxes you are liable to pay. You also need to carefully manage your inventory, as could prove especially crucial if anything you do sell ends up getting returned.
That’s certainly a lot to think about, but an accountant who knows Amazon FBA inside and out can help you to financially make the most of this service. Basically, they can closely monitor your company’s cash flow and finances right through the year rather than just occasionally.
We Can Introduce You To The Right Accountant
Given that the right accountant can also save you time, it’s ironic that you could feel as though you lack enough time to search for this professional in the first place.
However, here at AccountantFor, we run a fully free service where business owners active on Amazon FBA — or at least considering participating in it — are able to approach us for our help in tracking down a suitable specialist accountant.
To find out more about what this service entails, please get in touch here.
Get Started With An Amazon FBA Accountant
Amazon FBA Accountancy Services
AccountantFor provides a comprehensive range of accountancy and tax services for Amazon FBA through our exclusive network of vetted accountancy talent within the United Kingdom.
– Statutory accounts
– Management accounts
– Financial planning
– Business plan
– Growth modelling
– Tax investigation service
– Capital gains tax
– Tax advice and consultancy
– Company formation
– Registered office address
– Payroll services
– Corporation tax