E-Commerce Solutions

Discover the benefits of a bespoke accounting solutions that helps you grow your business.

Experts In The Unique Challenges of Accounting For E-Commerce

Intelligent planning and technical proficiency are required as each e-commerce bookkeeping solution must be custom-designed for the specific needs of each business configuration.

E-commerce businesses often need custom-designed accounting solutions to keep up with their numbers and figures. E-commerce businesses in Toronto can avail our ecommerce bookkeeping services to benefit from an organized ecommerce bookkeeping system that’ll help their business grow.

Find out which tax returns you need to file for your ecommerce business and which expenses can be counted as tax deductibles including Amazon fees, shipping, travel expenses, and more. Don’t pay more in taxes than you need to with our accounting services for ecommerce businesses in Toronto.

Tax Issues for E-Commerce Businesses

Should I Incorporate My Business? Ask us.

Tax Reporting for E-Commerce Businesses

If your corporation earns income from one or more webpages or websites, you are required to file Schedule 88, Internet Business Activities

Business Deductions for E-Commerce Businesses

Tax deductible expenses include:

  • Amazon and Merchant fees
  • Inventory
  • Shipping expenses
  • Home office and office expenses
  • Travel expenses
  • Make travel deductible in a legal way.
  • Marketing/branding, e.g. to develop your brand logo when selling your own brand
  • Sponsored ads
  • Accounting
Provincial Sales Tax and QST for E-Commerce Businesses

Your business may be required to register, file and pay for provincial PSTs and the QST. Ask us.

Accounting Issues for E-Commerce Businesses

Use a Cloud-based Accounting System (Xero to Paypal, Stripe, Shopify…), ask us about your options.

Manage your inventory in a smart way – use inventory apps, ask us for advice.

Cross border sale update? Ask us

Tracking p/l for each of your product? Ask us about setting up tracking categories.

Accounting Plus Testimonials

Accounting Plus Testimonials

Xero Online Gold Partner

Xero Online Accounting Software

Operate more efficiently and have more time to focus on your business. Find out why over 300,000 people worldwide have moved to Xero’s online accounting solution.

Xero Online Accounting Software

Xero Key Features

  • Invoicing Made Easy
    Not only can you create professional recurring invoices in Xero, you can also keep track of when they are opened.
  • Value For Money
    Xero reduces your upfront business costs with free upgrades and access for an unlimited number of users all at an affordable monthly fee.
  • At-A-Glance Dashboard
    With just one click, you can see your bank balance, invoices, bills and expense claims, without having to log onto various websites.
  • Automatic Bank Reconciliation
    Xero imports and categorizes you latest bank, PayPal and credit card transactions so reconciliation is just one click away.

Trusted Accountancy For Over Two Decades

  • The team at Accounting Plus Financial has been amazing! We are a very long-time client of theirs and they are always going above and beyond to help us... Read More
  • Despite having some unique accounting needs, the team at Accounting Plus has consistently delivered excellent, professional service and at a very reas... Read More
  • So easy to deal with. always prompt. Great service. no complaints !
  • I’ve been doing my accounting with Accounting Plus for the last 20 years and have to say they are the best. I know that my numbers are right because... Read More
  • Peter Edrey and accounting plus has been such a positive experience for my taxes and accounting needs. Being new to business ownership 2 yrs ago, I s... Read More

Start Growing Your Business Today

Speak with one of our accounting and tax specialists and discover how we can help grow your business.