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The changing state of e-commerce

TaxConnex

Today, of course, e-commerce is how a significant amount of shopping takes place in general. Capital One reports that global e-commerce retail sales will hit some $6.91 from total e-commerce retail sales in 2023. retail e-commerce sales for 2023 through the third quarter were $833 billion, up 7.6%

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Prices, Shipping, Growth: New Trends in E-Commerce

TaxConnex

How much are consumers spending online, and what do merchants pay for shipping in relation to the overall revenue from those e-commerce orders? These are just two questions answered in the recent 2021 E-Commerce Shipping and Fulfillment Benchmarks Report. In the winter, e-commerce jumped 91% year-to-year 2020 to 2021.

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The Growth of E-Commerce and Your Sales Tax Obligation

TaxConnex

Is it just your imagination or is e-commerce expanding every year? The e-commerce industry is growing 23% year-over-year (yet 46% of American small businesses still don’t have a website). By 2040, an estimated 95% of all purchases will be through e-commerce. e-commerce grew more than 40% in 2020.

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Understanding Your Sales Tax Obligations As an E-Commerce Business – a Checklist

TaxConnex

In fact, it is estimated that by 2040, 95% of all purchases will be through e-commerce. With no sight of slowing down, ecommerce is likely to become even more important to your business operations.

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Detailed Look at the E-Commerce Space with Marilyn Parham

BuildYourFirm

Tune in to this episode when host Hugh Duffy talks with Founder and CEO of The Bottom Line® CPA Marilyn Parham about how she got started in the E-Commerce space. Hear about the biggest challenges small businesses face in E-Commerce and what strategies can lead to success. The pain points for E-Commerce is cash flow.”.

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Research & Development (R&D) Tax Credits: What E-Commerce Companies Need to Know

Withum

Potentially Qualifying Activities While seemingly routine, many of the activities performed by e-commerce companies can qualify for the R&D tax credit. See below for a non-exhaustive list of potentially qualifying activities: Experimenting with new features or functionality for an existing e-commerce platform.

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Optimizing Cash Flow Management for E-Commerce Businesses

AccountingDepartment

In a dynamic industry where change is the only constant, good cash flow management stands as one of the most critical factors for the success of e-commerce businesses. Navigating the online retail waters is often turbulent, with fast-paced transactions and a myriad of financial nuances that demand efficiency and foresight.