Rayvat Accounting

In July, the UK’s digital services tax (DST) became law after receiving royal assent. The 2 percent tax applies to revenues from social media platforms, internet search engines, and online marketplaces. When developing tax policy, lawmakers often ignore the incidence of a tax, or who actually pays the tax. Many times, this is different from who is legally required to pay the tax. Just because a 2 percent revenue tax applies to large digital companies does not mean that the companies will bear the entire cost of the tax. Read More : Why Does Accounting matter for your Amazon Store? One online marketplace has already provided evidence of this. According to reporting from Bloomberg, Amazon has announced that it will be increasing a variety of fees on UK sellers by 2 percent beginning in September. The announcement comes a year after Amazon announced a similar fee increase for French sellers when France adopted a 3 percent digital services tax. The digi...

The digital marketing platform is fast-paced and it is tough for businesses to keep up with the pace. Most Amazon sellers focus on the marketing side of things to stay ahead of the competition and forget the accounting side of things. This is where our team at Rayvat Accounting comes in handy. Through our accounting experience, we know that accurate  online bookkeeping services  is the foundation for any eCommerce business. We appreciate that you want to build visibility for your store on Amazon and reach your target customers. While this is important, putting off accounting and bookkeeping until the end of the reporting period portends danger for your business. You can only make the best business decisions if you have the correct financial data. With accurate  Accounting for Amazon Sellers  in place, you will feel the pulse of your business at all times. The data you get will guide you in procurement, marketing, credit, tax compliance, and other aspects of you...