Tips For Amazon Sellers To Prepare For Tax Season with Yamaris Diaz, CPA

An interview with Yamaris Diaz, CPA from eComOwl regarding the best tips for amazon sellers to prepare for tax season. Yamaris talks about avoiding mixing business and personal finances, bookkeeping software, how amazon fba inventory impacts your business, and common deductions. Free FeedbackWhiz trial here: https://www.feedbackwhiz.com/ - Pick the right business entity. - Avoid mixing business finances with personal finances. - Learn the consequences of commingling your funds. - Get bookkeeping software going early in the business. - Find out how inventory impacts your business finances. - Make sure to reconcile your books monthly. - You will need to have an accountant on your side. - Don’t forget common deductions and what they are.  - Who do I issue 1099 to? About Yamaris Diaz https://www.ecomowl.com/ Yamaris Diaz, CPA is the founder of eComOwl, a virtual and bilingual accounting firm servicing Amazon Sellers and Online entrepreneurs all over the United States. As a CPA with over 10 years of experience, she is equipped with a unique set of skills that have proven to be invaluable when analyzing her clients’ books and providing solutions for compliance, efficiency, and growth. Yamaris believes that getting a handle on your business finances shouldn’t have to be difficult! She is passionate about helping other entrepreneurs grow their online businesses and set on a path of success and profitability. Not only does she help small businesses become more streamlined in their operations, but she also works with them on tax planning strategies to minimize their tax liabilities. Yamaris founded the Facebook group called The Profit Principle to provide support and resources to Amazon Sellers and other online entrepreneurs looking to understand the landscape of proper bookkeeping and tax compliance. About FeedbackWhiz FeedbackWhiz helps Amazon sellers monitor, manage, and automate emails, product reviews, orders, and feedback. Build professional email templates with gifs, emojis, buttons, and attachments. A/B test subject lines and view open rate analytics. Send or exclude emails based on triggers such as refunds, shipment, delivery, feedback, and repeat buyers. Track and manage all product reviews. Instant notifications whenever a review is posted. Monitor all product listings and get alerts when critical events such as hijackers, buy-box loss, and listing changes occur.