How Canadian Ecommerce Brands Save Thousands With a USLLC

M. Sal had his own Ecommerce store. He realized that no Canadian accountant understands US tax and virtually no one understands a Shopify business. That’s what led him to start SAL Accounting where their team now solve these problems for brands.In This Conversation We Discuss: 00:00 Introduction01:13 Discussing the accounting brand01:34 How the guest entered the ecommerce tax niche03:09 The hidden Shopify fee for international sellers04:13 Do you need a US LLC: Plus plan vs sales split06:36 Revenue threshold for opening a US LLC08:00 Step-by-step process to set up a US LLC10:22 The costly mistake of naming yourself as owner12:30 Do US brands need a Canadian setup too13:56 The $25,000 penalty for missing Form 547215:38 Why proper bookkeeping matters for ecommerce brands17:57 How monthly books help you save on taxes19:33 The risk of hiring a cheap bookkeeper22:00 Where to learn more and get help23:43 Returning Questions to a Fellow HostResources:Subscribe to Honest Ecommerce on YoutubeCPA Tax Accounting and Bookkeeping Firm salaccounting.ca/ Follow M. Salman salaccounting.ca/author/salmansalat00/ If you’re enjoying the show, we’d love it if you left Honest Ecommerce a review on Apple Podcasts. It makes a huge impact on the success of the podcast, and we love reading every one of your reviews!