Reducing Tax Liability for Amazon Sellers

  • Accountant
  • CPA (CA)
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • IAP
  • MRTP
  • CBA/MCBA
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

If you’re looking to organize your books and accounting for your Amazon business, QuickBooks Online is a great option. This robust accounting software will give you significantly more control over your finances and the Amazon business as a whole.

If you or your client sells on Amazon and uses QuickBooks, you may not know how to maximize tax deductions. Most Amazon sellers pay unnecessary taxes because they are not aware of how to properly map fields between Amazon and QuickBooks.

Without accurate field mapping between Amazon and QuickBooks:

  • You will have incorrect Cost of Goods Sold (COGS) recorded for your Amazon sales
  • Sales taxes will be mapped improperly
  • Refunds may not be correctly recorded, resulting in additional taxes
  • You may have to manually correct QuickBooks, leading to additional costs.

In this CPE accounting course, you will get an overview of accurate accounting in QuickBooks for Amazon sellers to maximize tax deductions.

Learning Objectives

  • To discuss the overview of different types of Amazon fees.
  • To analyze how product matching affects tax liability.
  • To discuss correct field-mapping practices to minimize tax liability.
  • To analyze how automation can help you minimize tax liability.

Recommended For

  • This QuickBooks online CPE webinar is recommended for CPAs, CMAs, Accounting Directors, Accounting Staff, Business Owners, and Other Accounting Professionals desiring to understand accounting in QuickBooks for Amazon sellers.

Who Should Attend?

  • Business Owner
  • CEO
  • Certified Public Accountant (CPA)
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 General Credit for Accountant/Bookeeper
  • 1 CPD Credit for Chartered Professional Accountant (CPA Canada)
  • 1 CPE Credit for Certified Internal Auditors (CIA)
  • 1 CPE Credit for Certified Management Accountants (CMA)
  • 1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
  • 1 CPE Credit for Certified Valuation Analyst (CVA)
  • 1 CPE Credit for Internal Audit Practitioner (IAP)
  • 1 CE Credit of Computer technology for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-01066-22-O)
  • 1 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Joseph Anderson

Operations Manager, Sync with Connex

Joseph Anderson founded Sync with Connex in 2010 at age 25 with a $20 investment. In his previous employment as a software developer, he noticed that an intern spent hours every day manually entering data into QuickBooks, and his employer was losing money as a result. Joseph founded Sync with Connex to free accounting professionals from manual data entry. Joseph has helped over 5,000 business owners and accounting professionals since 2010 and has turned his $20 investment into $10 million dollars in revenue. Joseph is the author of "The $20 SaaS Company: From Zero to Seven Figures Without Venture Capital" published in 2021. 

About Company

Sync with Connex offers software integration tools to automatically sync your e-commerce sales channel, shipping solution, CRM, and more to QuickBooks Online and Desktop. With advanced duplication prevent features, our automation tool eliminates manual data entry. In addition, our tool presents an accurate report of profit and loss while managing inventory, mapping customer order history, and accurately tracking your business sales and expenses.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.3

51 Ratings

Excellent

23

Very Good

21

Average

5

Poor

2

Terrible

0

MEM

Mary Ellen Morris, CPA (US)

Apr 23rd, 2022

extremely interesting topic

PA

Pamela Atuheire, CPA (CA)

Jun 5th, 2022

Joseph's webinar was insightful and relevant as we have clients who sell products on Amazon.

TC

Trisha Copp, AFSP, Tax Professional

Apr 25th, 2022

IF you are an amazon seller you need to watch this video...very informative.

SC

Sandra Conrad, CPA (US)

Apr 22nd, 2022

Nothing at this time

JM

James Morgan, CPA (US)

Apr 22nd, 2022

.

Reducing Tax Liability for Amazon Sellers

FREE

1 Credit

Subject Area

Accounting

Upcoming Webinars

Current Assets and Asset Valuation
  • 4.3
  • (21)

Aug 12, 2022 | 09:30 AM EDT

Excel Accountant: Table Feature
  • 4.7
  • (69)

Aug 12, 2022 | 10:00 AM EDT

Auditing Crypto Assets & Liabilities
  • 4.1
  • (10)

Aug 12, 2022 | 10:00 AM EDT

Tax Updates Latest (Business & Payroll)
  • 4.3
  • (122)

Aug 12, 2022 | 10:00 AM EDT

Everything you need to know: QBI
  • 3.7
  • (3)

Aug 12, 2022 | 10:00 AM EDT

Form 941 Compliance - Latest
  • 4.0
  • (15)

Aug 12, 2022 | 10:00 AM EDT

Accounting Journals and Ledgers
  • 4.1
  • (7)

Aug 12, 2022 | 10:00 AM EDT

Interview Skills for Accountants
  • 4.6
  • (72)

Aug 12, 2022 | 10:00 AM EDT

Internal Controls for Businesses
  • 4.4
  • (108)

Aug 12, 2022 | 11:00 AM EDT

How to Put the Quality in Audit Reports
  • 4.6
  • (84)

Aug 12, 2022 | 11:30 AM EDT

We use cookies to make your experience on this website better