Accounting Built for Online Sellers and Retailers
From multi-channel inventory to sales tax compliance, ASAD SHEIKH handles the numbers so you can focus on growing your store.
We Understand How Online Retail Actually Works
Selling across Amazon, Shopify, or a brick-and-mortar location creates accounting complexity that general bookkeepers often miss — platform fees, chargebacks, returns, and ever-changing sales tax obligations. ASAD SHEIKH brings focused expertise to e-commerce and retail businesses in CT, translating messy transaction data into clean, decision-ready financials.
Everything Your Store Needs, Under One Roof
E-Commerce Tax Preparation & Planning
We prepare accurate returns that account for platform income, cost of goods sold, and deductible business expenses — and we plan ahead so tax season never catches you off guard.
Sales Tax Nexus Management
Selling in multiple states triggers complex nexus rules. ASAD SHEIKH helps you understand your obligations and stay compliant across the jurisdictions where you have economic presence.
Retail Bookkeeping
We reconcile your Shopify, Amazon, PayPal, and bank feeds into a single, accurate set of books each month — so you always know your true margins and cash position.
Advisory & CFO Services
Whether you're scaling inventory, evaluating a new sales channel, or planning a wholesale expansion, ASAD SHEIKH provides the strategic financial guidance to make confident decisions.
Retail Payroll
From seasonal hires to full-time staff, we run and file your payroll accurately and on time — keeping you compliant with CT payroll rules without the administrative burden.
Inventory & Cash-Flow Forecasting
Stocking the right products at the right time requires forward-looking financials. We help you model cash flow so you can buy inventory confidently and avoid costly shortfalls.
E-Commerce & Retail Accounting FAQs
Do I need to collect sales tax in every state I sell to?+
Economic nexus laws mean you may owe sales tax in states where you exceed a certain sales threshold — even without a physical location there. We assess your exposure and help you register and comply where required.
How do you handle income from multiple platforms like Amazon, Shopify, and Etsy?+
We pull and reconcile data from all your selling platforms, separating gross sales, platform fees, refunds, and chargebacks so your books reflect actual revenue accurately.
Can you help me figure out my true profit margin after fees and returns?+
Absolutely. Gross revenue from a platform rarely equals what you actually keep. We calculate your net margin after fees, shipping, returns, and COGS so you know exactly where you stand.
What records should I keep for my e-commerce business?+
You should retain sales reports, purchase receipts, shipping records, platform fee statements, and bank reconciliations. We guide you on what to keep and for how long to stay audit-ready.
When are my quarterly estimated tax payments due?+
For most business owners, estimated payments are due in April, June, September, and January. We project your liability throughout the year so each payment is accurate and on time.
Is my inventory tax-deductible?+
Inventory is generally deducted through cost of goods sold when items are sold, not when purchased. Proper inventory accounting — which we handle — ensures you capture every deduction correctly.
Let's Talk About Your Store
Whether you're just launching your first online shop or managing a growing multi-channel retail operation in CT, ASAD SHEIKH is ready to help. Reach out today and let's build a financial foundation that supports your next stage of growth.