Tax Tips For Amazon FBA Sellers - EP150 - a podcast by Nick Landowski
from 2020-05-21T23:58:21
Welcome To Episode #150 of the Amazon FBA Private Label Show Podcast!
In this episode I chat with Micah Fraim where we share business tax saving tips to help Amazon sellers run a more profitable business.
Listen to this Amazon FBA Podcast!
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Tax Tips For Amazon FBA Sellers - EP150
The topic of taxes, accounting and bookkeeping always seems to scare the majority of Amazon and e-commerce sellers. It's something that we always put off investing time and energy into so that's why I wanted to have CPA Micah Fraim on the show to help answer our common questions and concerns as sellers. Check out this episode to learn some important tips and strategies so you can run a more profitable business.
Micah put together a free case study to show you how he can help you increase profits and cut your taxes.
>>>>Grab the case study here<<<<
3 IMPORTANT TAKEAWAYS
- ORGANIZATION - Make sure you start organizing your finances, expenses and records as soon as possible. Oftentimes sellers don't spend any time or energy doing this and later regret it. You can use software like Zero or A2X to help run and organize your business.
- LLC - Start an LLC as soon as possible as it's simple to set up and it will make running your business easier in the long run.
- S-Corp - Once you start making good money in your business you may want to consider setting you business up as an S-Corp to save you money on taxes and increase profits.
CONNECT WITH MICAH FRAIM
Not a member of the Facebook Mastermind group yet?
WANT ACCESS TO A FREE AMAZON TRAINING COURSE?
RESOURCES MENTIONED IN THIS EPISODE:
Chase Ink Business Preferred – If you are running a business then you need a business credit card. I have been using this card ever since I started my online business and I have racked of hundreds of thousands of reward points with it. I have literally used these points to pay for trips all over the world. I can’t even remember when the last time I paid out of pocket for a trip.
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Tax Tips For Amazon FBA Sellers - EP150
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