Retail & Ecommerce · London, Ontario
Accounting and tax for retail and ecommerce businesses in London, Ontario
Selling online or in store means more moving parts. We reconcile them so your numbers are real.
What we handle
The tax and bookkeeping issues retail and ecommerce businesses face
Payout reconciliation
Shopify, Amazon and Stripe deposits net out fees, refunds and chargebacks. We separate them so your sales and costs are accurate.
Sales tax across provinces
When you ship to other provinces, the tax rate generally depends on where the goods are delivered. Some provinces also have their own sales tax rules.
Inventory and cost of goods sold
We track inventory properly so your gross margin is real, not a guess.
Monthly financial statements
See what you actually earned each month, not just what landed in the bank.
How we help
Services for retail and ecommerce businesses
Every store we work with gets a CPA who knows the industry, plain English answers and a secure online client portal.
Questions
Frequently Asked Questions
Do I charge HST to customers in other provinces?
Generally you charge the GST or HST rate of the province where the goods are delivered. We set up your tax rates and review your registrations.
Can you reconcile Shopify, Amazon and Stripe payouts?
Yes. We break each payout into gross sales, fees, refunds and taxes so your books match reality.
How should I track inventory?
It depends on your size and platform. We recommend a setup that fits and makes year end counts simple.
What our clients say
★★★★★
She takes the time to explain, educate and answer any questions. She simplified concepts and used examples that made it easier to absorb.
Amanda V
★★★★★
She has helped us with business and personal income tax for several years and we are ever so thankful for her expertise.
Joan B
★★★★★
Her friendly manner, professionalism and attention to detail is very impressive. I highly recommend Major Tax & Accounting.
Sandra R
Other industries we serve
We work with all kinds of owner managed businesses
Let’s talk about your store.
Book a 15 minute call. We’ll listen, ask a few questions and tell you exactly how we can help.