Micah Fraim The eCommerce and Amazon FBA CPA

Micah Fraim runs an accounting firm that focuses exclusively on online business, like Amazon FBA He has also written the two best-selling tax books on Amazon, which have sold tens of thousands of copies. His clients are typically six and seven-figure online businesses and have millions of YouTube and Facebook subscribers between them. His advice has been featured in TIME, Forbes, Nasdaq, and quite a few other major publications. Some questions Micah Fraim answered * How to deal with economic nexus/out of state sales tax* Tax obligations for overseas sellers selling into the US* What are Trump's tariffs for importing from China* If overseas sellers should set up a US entity and if so where?* Managing inventory fluctuations for tax purposes* Can we buy lots of inventory in December to get tax deductions for the next year?* US LLC selling in the UK, what are benefits to setting up a UK Ltd from a VAT perspective* Correct corporate setup for tax purposes* How to minimize your tax bill in general* Importance of not lumping in advertising as a COGS for your internal reports/breaking it out from true inventory costs* favorite tools* Size of your team Social Media URLs (LinkedIn, FB, Instagram, Twitter…) https://www.facebook.com/micah.fraim https://www.linkedin.com/pub/micah-fraim-cpa/1a/80a/a26 https://www.youtube.com/user/micahfraim/videos https://twitter.com/MFraim89 https://fraimoba.com Tools Mentioned In The Podcast * Taxjar * Xero accounting* Quickbooks