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This Week in Jacksonville: Business Edition - E-Commerce accounting best business tactics

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In this episode of This Week in Jacksonville: Business Edition, we’re looking at the trends for entrepreneurs and speaking with Chris Rivera, the owner of E-Commerce Accounting.

Florida Gov. Ron DeSantis holds a news conference at a fuel depot in Plant City, Fla., Saturday, Oct. 12, 2024, accompanied by Florida Attorney General Ashley Moody, right. Gas station are slow to open after the effects of Hurricane Milton. Gov. DeSantis calls for quick special elections as Gaetz, Waltz plan move to Trump administration

Florida Gov. Ron DeSantis holds a news conference at a fuel depot in Plant City, Fla., Saturday, Oct. 12, 2024, accompanied by Florida Attorney General Ashley Moody, right. Gas station are slow to open after the effects of Hurricane Milton. Gov. DeSantis calls for quick special elections as Gaetz, Waltz plan move to Trump administration

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Rivera discusses the firm’s specialization in assisting E-commerce entrepreneurs with tax compliance, bookkeeping, and strategic planning. He highlighted the need for such services due to the complexity of E-commerce accounting, including revenue recognition, inventory accounting, and sales tax compliance.

Rivera noted that their clients often start with monthly sales of $100,000 and can grow to significant figures, employing strategies like leveraging social media for direct-to-consumer sales.

He emphasized the importance of proper accounting for small businesses to avoid future complications and stay compliant. Rivera also touched on the potential impact of political changes on tax laws and the positive effects of successful small businesses on the economy.Kent Justice co-anchors News4Jax's 5 p.m., 6 p.m., 10 p.m. and 11 p.m. newscasts weeknights and reports on government and politics. He also hosts "This Week in Jacksonville," Channel 4's hot topics and politics public affairs show each Sunday morning at 9 a.m.

 

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