Confused about whether you are being charged Australian GST by an overseas supplier? You are not alone! It seems like every month, things are changing in this space, especially for eCommerce businesses that are large consumers of overseas services and digital products. The ATO has written a comprehensive GST guide that you can read here. […]
Setting up GST in your Shopify Australia Store
We can’t tell you how many Shopify eCommerce stores we onboard that do not have their GST set up for their store correctly. Lets start with the basics: First things first. If your Australian business (no matter how it is structured – if it has an ABN it is a business) expects to sell more […]
Shopify – How best to set up your store to present multiple currencies
You have set up your brand new Shopify store and you intend to sell to different countries. You are confused as to whether to set up one Shopify store for all countries, and toggle on the multiple currencies option, or set up different Shopify stores for each country you sell to. Well, as for most […]
Shopify – What does it really cost?
Shopify offers a number of plans to their clients – currently these are all priced in USD. Most new eCommerce opt for the Basic Shopify plan, but then forget to check in as their businesses grow to work out if moving to a higher plan may save more money. Lets break down each of the […]
Australian eCommerce store selling to USA – do I have to collect Sales Tax, pay income tax?
Welcome back to the Wild West – where eCommerce business situated in one country sells to other countries and the tax collectors are struggling to put in place legislation to collect duties. Most commonly for eCommerce businesses here in Australia, we sell using eCommerce platforms to the USA using shopping carts such as Shopify and […]
Australian Shopify + USD default currency = Extortionate Fees!
Please note this article is current as at September 2020. Does this scenario look familiar? You have a Shopify store with an Australian address. But your default currency is USD. Because Shopify will only make payouts in AUD currency, you must pay a 2.8% ‘Shopify Payments Fee’ plus a 1.5% ‘Currency Conversion Fee’ instead of […]
Xero + Shopify + Inventory = automation, right?
You have set up the perfect tech stack for your eCommerce business – Xero + Shopify + A2x + Dear/ Trade Gecko/ Cin7 (insert inventory solution here). Your sales in Xero match Shopify reports. Your inventory on the balance sheet matches the stock valuation report in your inventory solution. But the gross margin on your […]
Shopify + A2x + Xero = Bookkeeping bliss
If you are using Shopify + Xero and your bookkeeping is taking hours – you need to read this article. We get calls on a daily basis and the conversation goes like this: “We are a 7 figure eCommerce business. We use Shopify and Xero. In the early days, we used an integration like Bold […]
Exporting from Australia to NZ? All eCommerce businesses need to read this!
Thanks to Australia Post for this wording – if you think that the below requirements will require your business to register – please get in contact so we can discuss and register your business with IRD New Zealand. What’s changed? From 1 December 2019, New Zealand Goods and Services Tax (GST) of 15% will apply […]
How Four A-Ha moments from Four Conferences forever changed our accounting practice …
From TOA Global’s 2018 Road Show … “If you started a new business and could hire back all of your existing staff, which staff would you rehire?” This got me thinking very hard. There were absolutely some staff I would re-hire, and some staff I would not. This totally changed our business model to reduce […]