Think Global About Your Amazon Business

Building a business across the Amazon
marketplaces can provide a lucrative opportunity
to create your financial freedom. But entering into Amazon’s international marketplaces from Australia can be complex and costly if you don’t have the right support on your side.

If you want to scale globally and grow your FBA profits, you need the right business foundations in place and advice to guide you in making the correct decisions.

At White & Black, our specialist accountants for Amazon sellers understand the intricacies of the Amazon marketplace and the best way to unlock international opportunities. With our help,
you will be able to navigate the complexities of the international Amazon marketplace with confidence.

AMAZON SELLER BUSINESS FOUNDATIONS

Your Amazon business foundations need to be solid before you can scale and grow. The starting point is a smart business structure that allows you to grow globally and accounting technology to effortlessly track your performance no matter which Amazon marketplace you sell to.

GROW YOUR AMAZON BUSINESS PROFITS

You need to plan for success in growing your FBA business profits and we can help. Our tailored business development program will provide you clarity and focus on your financial goals and identify the steps you need to take for success.

GLOBAL TAX PLANNING AND COMPLIANCE

We look at the big picture when it comes to tax planning and our international tax specialists know what traps to avoid when selling in global Amazon marketplaces. International taxes, such as UK VAT and US sales taxes, can be expertly managed by us to provide you peace of mind that your obligations are met correctly.

ACCOUNTING SYSTEMS FOR AMAZON SELLERS

Accurate and up-to-date data is vital if you want to manage your business effectively. Amazon sellers have added complexities of dealing with inventory, foreign exchange and complicated Amazon sales reports. We are specialists in cloud accounting technology such as Xero and A2X so you can get the complete financial picture of your Amazon business at your fingertips.

AMAZON AUSTRALIA FOR OVERSEAS SELLERS

Australia has a complex taxation and regulatory environment and you will need local expertise to start selling on Amazon Australia from overseas. We can help you navigate through the registration process,such as obtaining your ABN and advising you on Australian GST. Your ongoing Australian tax and GST filings can also be managed by us to ensure you remain compliant.

Our 5 Step Method To Boost
Your Amazon Business Success

SMART TAX STRUCTURES
SMART TAX STRUCTURES

Your vehicle to save on tax and protect your wealth from the unexpected. Your structure also needs to be future-proof: allowing for global growth and flexibility for when you exit.

SOLID GAME PLAN
SOLID GAME PLAN

Develop your roadmap so you know where you are going and how you will get there. Your business plan will provide clarity on your goals and put in place the actions to achieve them.

CLEAR SCOREBOARD
CLEAR SCOREBOARD

KPI’s measure your performance and provide certainty on where you stand. Understanding them will steer progress to your goals as you will be empowered to make changes sooner.

CASH UNDER CONTROL
CASH UNDER CONTROL

Pay or Delay? Budgeting and cash flow forecasting will provide confidence in your spending decisions. Whether you want to grow inventory, convert foreign currency or take home pay, planning your future cash position is critical.

RED TAPE HANDLED
RED TAPE HANDLED

Managing your own books is time-consuming and a distraction you don’t need. Have peace of mind that your books are accurately kept up-to-date and your global tax reporting is taken care of by experts.

Our 5 ways will accelerate your journey to financial freedom through reducing tax, making informed decisions and boosting the value of your business.

Running a global Amazon business is complex, but with the right guidance, you can avoid costly mistakes and maximise your profits. To learn more, preorder our soon to be released eBook – 5 Ways to Increase Your Amazon Business Profits.

THINK BIG ABOUT YOUR SMALL BUSINESS

Owning and running a business can bring you the financial freedom to help you and your family achieve your goals. But is your small business bringing you and your family freedom, or do you find yourself short on cash flow and buried in paperwork instead?

At White & Black Chartered Accountants, we show you how to think big about your small business.  With tailored accounting and business advisory services, we help you devise a clear roadmap to achieve your business, financial and lifestyle goals. That way, you can save time and tax, improve your efficiency and increase your profits so you reach your goals sooner.

YOUR BUSINESS & FINANCIAL ROADMAP

Every person’s goals are different. So are every business’s. That’s why our accountants take the time to understand you and your business so we can help you build a tailored business and financial roadmap to achieve your goals. In addition to taking care of compliance, we also help you develop, improve and grow your business just like you always planned.

COMPLIANCE & EFFICIENCY

Managing your books can be time-consuming. Our accountants take the hassle out of bookkeeping by effortlessly bringing your books up to date and taking care of your tax obligations. We also get rid of your paperwork by streamlining and automating your processes with cloud technology such as Xero so you have more time for your business and family.

CONSOLIDATED REAL-TIME REPORTING

Accurate, up-to-date, real-time data is vital if you want to manage your business effectively. We help you implement the right cloud accounting infrastructure so that you can get a complete financial picture of your global business at your fingertips.

BUSINESS PLANNING

Business planning is vital for providing clarity and direction for your business. We help you identify and prioritise your short- and long-term goals, then devise clear strategies for achieving them, with measurable targets so you can easily review your progress. We also establish an immediate action plan for any critical issues so you can hit the ground running and overcome existing challenges from day one.

ACCOUNTABILITY & QUARTERLY COACHING

Accountability improves performance and results. Our quarterly coaching service provides you with both accountability and support for achieving the results you want from your business. We help you track and improve your progress towards your goals and provide advice and guidance as new challenges arise. That way, you’ll get better results, sooner.

IMPROVING CASH FLOW

Cash flow problems are the number one cause of business failure. That’s why cash flow planning isn’t just best practice – it’s critical to your success. We help you improve your cash conversion cycle so you can anticipate cash flow and respond accordingly. Our accountants help you identify and address any problems to maximise your cash flow and take greater control of your business’s future.

PROTECTING YOUR BUSINESS & WEALTH

Expecting the unexpected will protect you and your family. We ensure that you have the right structures and protection in place so that your hard-earned wealth is protected against unforeseen circumstances. With our help, you and your family won’t simply be on the way to reach your financial and lifestyle goals – you can also be confident that everything will be ok.

 

INTERNATIONAL TAX FOR AUSTRALIAN BUSINESSES

Taking your small business overseas can be exciting. But expanding beyond Australia’s horizons isn’t simply a case of setting up a new company in another country.  If you want to properly repatriate your profits and avoid hefty fines and double taxation, you need to get your structures right.

At White & Black Chartered Accountants, we provide specialist international tax services to Australian small business owners, exporters and investors with new and existing overseas operations. With our help, you can navigate the complexities of cross-border business to enjoy greater peace of mind and greater profitability.

EXPERT, “UN-GENERIC” SERVICES

It’s cliché to say, but every business is unique. So we take the time to understand your business goals and situation in order to provide the services and practical advice you need. It’s international tax expertise with personalised, “un-generic” service.

INTERNATION TAX STRATEGY

To allow you to properly manage your “tax footprint”, our international tax accountants also develop a strategic plan that optimises your global and local tax obligations to ensure your after-tax profits are maximised.

CROSS-BORDER STRUCTURING

To empower you to confidently do business overseas, we set up a tailored international structure to reduce double taxation, efficiently repatriate your profits, appropriately withhold tax on cross-border payments and otherwise take care of your business.

TAILORED ADVICE

Day-to-day, international business can bring unexpected curve balls, so we provide timely advice on specific international tax and business issues such as tax residency, applying double tax treaties, anti-avoidance measures, withholding taxes and foreign tax credits.

COMPLIANCE

Legal and tax compliance are vital to your global business success, so we take care of all your compliance obligations and ensure all your foreign tax benefits are maximised, including applying double tax treaty relief, claiming foreign tax credits and managing controlled foreign company (CFC) obligations, transfer pricing documentation and International Dealings Schedule preparation.

CONSOLIDATED REAL-TIME REPORTING

Accurate, up-to-date, real-time data is vital if you want to manage your business effectively. We help you implement the right cloud accounting infrastructure so that you can get a complete financial picture of your global business at your fingertips.

 

EXPORT GRANTS FOR AMAZON SELLERS

As an Australian-based international Amazon seller, you may be able to obtain a cash refund from the Government through the Export Market Development Grant (EMDG). We help Amazon sellers navigate through the complex process of applying for the EMDG to secure their entitlement and to maximise their refund.

There are a few hoops you need to go through and the application process can seem daunting at first, but we specialise in applying for the EMDG for Amazon Sellers and understand your industry.

Eligibility

As an international seller (for example, selling on the Amazon US and UK marketplaces), you will need to establish and provide evidence that your products were designed in Australia and there is significant value being created here. This is the most critical part of the application and we ensure this is documented correctly for assessment by the Government. We have a 100% track record in securing grants for eligible applicants.

You also need to have spent at least $15,000 on eligible costs in the past year (but you can claim costs for the past two years when you make your first claim).

Grant amount

You may be entitled up to 50% of your eligible costs, to a maximum grant amount of $150,000. The first $5,000 of your expenses are not reimbursable.

Eligible costs

You may be surprised what expenses of yours may qualify. The typical types of expense for an Amazon seller that may qualify include:

– PPC and advertising
– marketing agents
– photography for listings
– Website/Shopify store costs
– Keyword research tools / software
– international trademarks and patents

How to apply

The key to a successful application is carefully documenting your eligibility so that it can be readily understood by the grant assessor. You also want to make sure you have all the evidence ready to support your claim.

The application itself is quite detailed and you don’t want to miss out on amounts that might be eligible. You will also go through an audit process and interview with an assessor who will test your eligibility and require supporting evidence.

The good news is you don’t have to do this alone! We will do the heavy lifting in preparing the application for you and supporting you through the audit process.

Amazon experts

As we primarily work with Amazon sellers like you, we have a deep understanding of the business model and the type of Amazon expenses that are eligible. It also means we are in the best position to explain your business in the application to make your assessment as straight-forward as possible.

 

CONTACT US

If you are an Amazon seller looking to grow your profits or looking to go into international marketplaces, White & Black can help.
Contact us today to discuss how our specialist accountants for Amazon sellers can help you scale or improve your business.
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