Our friends at Bean Ninjas recently posted a video summary of their eCommerce masterclass focusing on the requirement to register for sales and income tax in the USA. Have a watch of that video here: In summary, Australian business that sell product via eCommerce channels to the USA may meet the definition of economic nexus […]
Shopify – your eCommerce set up for UK VAT
Did you know that Australian based eCommerce businesses now have to register for UK VAT from the first dollar they sell into the UK? Read more here. This article shows your business how to set up Shopify for UK VAT. Step 1: Add a new Shipping Zone called United Kingdom. Step 2: This new zone […]
Brexit – implications of Australian eCommerce businesses selling to the UK
All of our Australian eCommerce clients that use Shopify as their marketplace received the following email from Shopify over the last week (January/2021). This article covers the implications of Australian businesses selling low value goods (basket value under $135 pounds) to UK resident customers. Previous to 1 January 2021, Australian businesses were only required to […]
Shopify, A2x and Gift Vouchers – are Sales and GST double counted?
If you are an eCommerce store owner that uses Shopify Gift Vouchers, you have probably noticed that there are two ways that gift vouchers can be issued by Shopify: Gift vouchers are sold to customers to use in the future. With this method, the customer chooses a gift voucher and pays for it in the […]
GST charged by Overseas Suppliers – Help!
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 […]
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 […]