Amazon Seller Accounting and Tax Services
Expert Accounting & Tax Solutions for Amazon Sellers and eCommerce Businesses
700+
5-Star Google Reviews
Affordable Amazon Seller Accounting and Tax Services
Running a successful Amazon business requires more than strong sales—it demands accurate financial tracking, tax compliance, and smart planning. Our affordable Amazon seller accounting and tax services are designed to support FBA and FBM sellers at every stage, from new storefronts to high-volume, multi-marketplace operations.
At Gondaliya CPA, we understand the complexities of Amazon settlements, fees, inventory accounting, and sales tax obligations. Whether you sell only in Canada or across borders, our team helps you stay compliant, improve cash flow visibility, and make data-driven decisions—without overpaying in taxes or wasting time on spreadsheets.
Official Partner
Accounting That Understands Amazon Sellers
Amazon sellers face unique challenges that traditional accountants often overlook—from reconciling Amazon payout reports to handling inventory costs and marketplace fees. We specialize in eCommerce accounting and translate Amazon data into clean, CRA-ready financial records you can actually trust.
Amazon Payout Reconciliation
Accurate matching of Amazon settlement reports with bank deposits.
Inventory & COGS Tracking
Clear tracking of inventory purchases, landed costs, and cost of goods sold.
Fee & Expense Breakdown
Visibility into FBA fees, referral fees, storage costs, and ad spend.
Clear Cash Flow and ROI Reporting
Real-Time Financial Insights
Amazon Seller Tax & Compliance Support
GST/HST Registration & Filing
Proper setup and ongoing filings based on where you sell and store inventory.
Corporate & Self-Employed Tax Returns
Accurate T2 or personal tax filings aligned with Amazon income.
Cross-Border Tax Guidance
Support for sellers dealing with U.S. marketplaces or foreign suppliers.
Why Amazon Sellers Work With Gondaliya CPA
ECommerce & Marketplace Expertise
CRA-Compliant by Design
Your books and filings are built to meet Canadian tax standards.
Scalable Support
Services that grow with you—from startup seller to 7-figure brand.
Clear Communication
Clear Communication
Fully Licensed CPA Ontario
700+ ★★★★★ Google Reviews
30-Day Money-Back Guarantee
60-Day Fees-Matching Policy
ACTIVELY ACCEPTING Corporate Clients
Will cover personal tax filing for Directors & Families
Convenient Availability
Weekend and evening support until 9 PM
Always Within Reach
Just a call away when you need us
Accounting & Tax Services for Amazon Sellers
Accounting Services Tailored for Amazon Sellers
Real, practitioner-level CPA expertise for Amazon FBA sellers, FBM merchants, Amazon Wholesale operators, Amazon Handmade artisans, and private-label brand owners across Ontario — built for how Amazon businesses reconcile settlement reports, track FBA fees, calculate landed cost on imported inventory, and manage HST on marketplace-facilitated sales.
Corporate Tax Filing for Amazon Sellers
- We file your Amazon seller corporation T2 return with COGS calculated using the correct inventory valuation method — opening inventory plus purchases at landed cost (product price, customs duty, CBSA brokerage, and freight) minus closing inventory — so Schedule 125 reports actual product cost per unit sold, not just total supplier payments for the year.
- FBA referral fees, fulfilment fees, monthly storage fees, and long-term storage surcharges must be deducted as separate selling expenses on your Amazon seller T2 return under the correct GIFI codes — lumping all Amazon fees into a single line triggers CRA requests for supporting breakdowns during a corporate tax review.
- We classify warehouse shelving and packaging equipment under CCA Class 8 at 20% and computers under Class 50 at 55% on Schedule 8 of your Amazon seller corporation T2 return, ensuring each e-commerce asset claims the correct depreciation rate to maximize deductions.
- Amazon sellers paying virtual assistants, product photographers, or PPC management contractors over $500 must issue T4A slips by February 28 — we prepare all contractor T4A summaries alongside your Amazon seller T2 filing to avoid the $25 per day per slip late-filing penalty from CRA.
- We reconcile Amazon Seller Central settlement reports against your Amazon seller corporation bank deposits before filing the T2 return, verifying that net disbursements after referral fees, FBA charges, refunds, reimbursements, and advertising deductions match reported revenue with no unexplained amounts.
Accounting & Bookkeeping for Amazon Sellers
- We reconcile Amazon settlement reports against your bank deposits bi-weekly so every sale, refund, FBA fee, reimbursement, and advertising charge is matched in your Amazon seller chart of accounts — Amazon settles net of all fees, and many sellers miss reconciling reimbursements for lost or damaged FBA inventory.
- We track inventory by ASIN and SKU in your Amazon seller bookkeeping, recording purchases at landed cost — supplier invoice plus customs duty, CBSA brokerage fees, freight forwarder charges, and inspection costs — so your COGS reflects the true per-unit cost, not just the FOB price from your Alibaba supplier.
- We separate Amazon PPC advertising spend, Sponsored Brand costs, and coupon redemption expenses from product COGS in your Amazon seller bookkeeping so your financial statements show actual gross margin on products versus advertising investment — many sellers bury ad spend inside COGS, hiding true ACOS and profitability per SKU.
- We track FBA inventory reimbursements — for lost, damaged, or destroyed units — as a separate income category in your Amazon seller bookkeeping so refunded amounts are recorded correctly and not double-counted against COGS at month-end close.
- We track closing FBA inventory value at fiscal year-end using the lower of cost or net realizable value method in your Amazon seller bookkeeping — CRA requires this valuation for your T2 return, and overstating inventory held in Amazon fulfilment centres understates COGS and inflates taxable income on your corporation.
Corporate Tax Planning for Amazon Sellers
- We structure your Amazon seller corporation owner compensation as a salary-dividend split that keeps active business income under the $500,000 Small Business Deduction threshold, saving your e-commerce corporation up to 14.3% in combined corporate tax versus the general rate on Amazon revenue.
- We time bulk inventory purchases from Alibaba or domestic wholesale suppliers before your fiscal year-end so the units received and warehoused at Amazon FBA count toward COGS in the current year — reducing your Amazon seller corporation taxable income through planned inventory stocking aligned with Q4 peak season.
- We set up non-voting shares in your Amazon seller corporation so your spouse or adult children receive dividends, spreading income across lower personal tax brackets — a family income-splitting strategy that reduces combined household tax on Amazon profits and gives each family member access to the $1.25M+ Lifetime Capital Gains Exemption on a future brand sale.
- We evaluate whether your Amazon seller corporation should write off slow-moving and long-term storage inventory before year-end under ITA section 10(1), reducing taxable income by the difference between landed cost and net realizable value on aged SKUs sitting in Amazon FBA centres attracting storage surcharges.
- We monitor your Amazon seller corporation's passive investment income to keep it below the $50,000 annual threshold that claws back the Small Business Deduction — if retained Amazon profits are invested and generate portfolio income exceeding this limit, we plan withdrawals across fiscal years to preserve the 12.2% rate.
Catch-Up Corporate Tax Filing for Amazon Sellers
- If your Amazon seller corporation has two or more years of unfiled T2 returns, CRA can revoke your business number and freeze your HST account — we file all outstanding Amazon seller corporate returns and negotiate penalty relief before enforcement action begins.
- We reconstruct Amazon seller revenue from Seller Central settlement report archives, date-range transaction reports, and bank deposit records when bookkeeping was never completed, rebuilding COGS from supplier invoices and customs duty records for each unfiled year so your catch-up T2 returns are accurate.
- CRA charges a late-filing penalty of 5% plus 1% per month up to 12 months on each unfiled Amazon seller corporation T2 return — we apply for penalty relief under Taxpayer Relief provisions using Form RC4288 when rapid sales growth or inventory import delays caused the filing delay.
- We rebuild FBA inventory records for prior unfiled years using Amazon FBA Inventory Health reports, Manage Inventory snapshots, and supplier invoices so your Amazon seller catch-up T2 returns include accurate closing inventory and COGS instead of estimates that CRA will challenge on review.
- If CRA issued arbitrary assessments because your Amazon seller corporation never filed, the estimated income is almost always inflated — we replace those numbers with actual Amazon settlement data, landed cost records, and FBA fee breakdowns, reducing the outstanding balance significantly.
GST/HST Filing for Amazon Sellers
- Amazon acts as marketplace facilitator and collects and remits HST on behalf of third-party sellers for orders fulfilled in Canadian fulfilment centres — we reconcile Amazon's Marketplace Tax Collection reports against your Amazon seller GST/HST return so you do not double-remit tax that Amazon already paid to CRA on your behalf.
- We claim ITCs on all HST paid on inventory purchases from Canadian suppliers, FBA prep centre charges, shipping supplies, product photography, and warehouse rent on your Amazon seller GST/HST return — many Amazon businesses miss ITCs on customs brokerage fees, inspection costs, and 3PL charges that are legitimately recoverable.
- Goods imported from international suppliers through CBSA trigger HST at the border — we ensure your Amazon seller corporation claims the import HST paid on customs entries as ITCs on your GST/HST return, recovering tax that many e-commerce sellers treat as a sunk cost of importing inventory from China or overseas.
- FBM (Fulfilled by Merchant) orders shipped directly by your Amazon seller corporation require you to collect and remit HST yourself on Ontario sales — we ensure FBM revenue is coded separately from FBA marketplace-facilitated sales on your GST/HST return so each channel reports the correct HST treatment.
- Amazon sellers earning over $30,000 in any rolling four quarters must register for HST — we monitor your Amazon revenue against this threshold and handle registration before CRA retroactively assesses uncollected HST on past FBM sales where Amazon did not act as marketplace facilitator.
Corporate Tax Cleanup for Amazon Sellers
- We correct inventory valuation errors where your previous accountant expensed all product purchases in the year paid instead of tracking opening and closing FBA inventory — filing amended Amazon seller T2 returns so COGS reflects actual goods sold, not goods purchased but still sitting in Amazon fulfilment centres.
- We fix FBA fee classification errors where referral fees, fulfilment fees, storage charges, and advertising costs were lumped into a single expense account on prior Amazon seller T2 returns — proper GIFI separation prevents CRA from questioning inflated single-line deductions during a review.
- We rebuild your Amazon seller corporation retained earnings schedule from inception by reconciling every prior-year T2 return, dividends declared, and shareholder loan transactions — eliminating balance sheet discrepancies that CRA flags during e-commerce corporation reviews.
- We correct HST double-reporting errors where your previous accountant included Amazon marketplace-facilitated HST as revenue on your Amazon seller GST/HST return — Amazon already remitted that HST to CRA, and including it again inflates both revenue and HST owing on your filing.
- We correct shareholder loan balances where the Amazon seller owner used the corporate account for personal purchases or withdrew Amazon disbursements for non-business use without documentation, applying ITA section 15(2) rules before CRA reassesses your e-commerce corporation for shareholder benefit income.
CRA Audit Resolution for Amazon Sellers
- CRA audits Amazon sellers on unreported revenue — we reconcile every bank deposit against Amazon Seller Central settlement reports, date-range transaction exports, and reimbursement credits during a CRA audit to prove all e-commerce sales were reported and no disbursement was omitted from your corporation's T2.
- We defend COGS and inventory deductions during a CRA audit on your Amazon seller corporation by presenting supplier invoices, CBSA customs entries, freight forwarder bills of lading, FBA Inventory Health reports, and year-end inventory counts — CRA denies the entire COGS deduction when no purchase documentation exists.
- CRA auditors challenge the HST treatment of marketplace-facilitated sales for Amazon sellers — we present Amazon Marketplace Tax Collection reports, settlement breakdowns, and your GST/HST return reconciliation to prove your corporation did not under-remit HST on FBM orders or double-remit on FBA orders.
- We defend Amazon PPC advertising and promotional expense deductions during a CRA audit by presenting Sponsored Products campaign reports, advertising cost of sales documentation, and coupon redemption records — CRA questions large advertising deductions when no organized records tie ad spend to revenue generation.
- If CRA reassesses your Amazon seller corporation after an audit, we file a Notice of Objection using Form T400A within 90 days and prepare a technical position paper citing ITA sections that support your e-commerce deductions, preventing the reassessed amount from becoming final.
CPA Compilation Report (Notice to Reader) for Amazon Sellers
- We prepare CSRS 4200 compilation engagement financial statements for your Amazon seller corporation that banks, Amazon Lending, and inventory lenders require — a CPA-compiled Notice to Reader carries more weight than internally prepared statements and is often mandatory for Amazon Lending approvals, product financing, and business credit applications.
- Your Amazon seller corporation Notice to Reader includes a compiled balance sheet showing FBA inventory at the lower of cost or net realizable value (with landed cost including customs duty and freight), warehouse equipment at net book value, accounts payable to suppliers, and retained earnings — giving lenders an accurate snapshot of your Amazon business financial position prepared by a licensed CPA.
- We compile your Amazon seller corporation income statement with gross product sales, FBA referral fees, fulfilment charges, storage costs, advertising spend, and COGS by landed cost classified under the correct GIFI codes so the Notice to Reader financial statements match your T2 return exactly and satisfy bank or Amazon Lending requirements.
- We prepare the CPA compilation report with the required CSRS 4200 communication disclosing that no audit or review has been performed, along with notes to the financial statements covering inventory valuation method at landed cost, revenue recognition on Amazon settlement timing, related-party transactions, and shareholder loan terms — the standard disclosures banks and inventory financing providers expect on an Amazon seller Notice to Reader.
- We deliver your Amazon seller corporation Notice to Reader within 30 days of receiving your year-end trial balance — many Amazon sellers lose access to Amazon Lending offers or fail bank credit applications because their previous accountant did not produce CPA-compiled financial statements on time for the lender's review deadline.
Incorporation Services for Amazon Sellers
- We incorporate your Amazon selling business as an Ontario corporation, register your CRA business number, and open corporate tax, GST/HST, and payroll accounts — all completed so your Amazon seller corporation can purchase inventory, collect HST on FBM orders, and pay staff through the corporation from day one.
- We advise Amazon sellers on the right share structure at incorporation — common shares for the owner, non-voting shares for family members — so your e-commerce corporation is set up for income splitting and future private-label brand sale planning without a costly reorganization later.
- We register your newly incorporated Amazon seller corporation for an import/export account with CBSA so customs duties and brokerage fees on inventory shipments from international suppliers are billed to the corporation, keeping landed costs in the corporate books and deductible on your T2 return.
- We help growing Amazon sellers incorporate a separate holding company to receive intercorporate dividends tax-free under ITA section 112(1), separating accumulated e-commerce profits and investment assets from the operating Amazon corporation's product liability, IP disputes, and marketplace account suspension risk.
- We prepare your Amazon seller corporation's first-year corporate minute book with articles of incorporation, director resolutions, and share certificates — Amazon Seller Central, banks, and CRA require these documents for corporate seller account verification, business bank account setup, and your first T2 filing.
Free Resource: 50 Deductible Expenses for Amazon Sellers
Comprehensive checklist of tax-deductible costs unique to Amazon Sellers. PDF delivered instantly.
Free CPA Consultation for Amazon Sellers
Case Studies
Scaling an Ontario-Based Amazon FBA Seller
Problem: A growing Amazon FBA seller struggled with reconciling Amazon payouts, tracking fees, and understanding true profit margins. Their books were inconsistent, and GST/HST filings were falling behind.
Solution: Gondaliya CPA implemented Amazon-specific bookkeeping, automated payout reconciliation, inventory tracking, and GST/HST compliance. Monthly financial reports were customized for Amazon sales data.
Result: The seller gained clear profitability insights, stayed fully CRA-compliant, and confidently scaled to six-figure annual revenue with improved cash-flow planning.
Cross-Border Amazon Seller Facing CRA Compliance Issues
Problem: A non-resident Amazon seller selling to Canadian customers was unsure about GST/HST registration, remittance, and CRA filing obligations.
Solution: We handled GST/HST registration, set up compliant accounting systems, prepared accurate filings, and coordinated cross-border tax considerations.
Result: The seller avoided penalties, met all CRA requirements, and continued selling in Canada with peace of mind and proper tax structure.
Amazon Seller Transitioning from DIY Bookkeeping
Problem: An Amazon seller using spreadsheets and generic software couldn’t track returns, Amazon fees, or inventory costs accurately, leading to unreliable tax filings.
Solution: Gondaliya CPA migrated the seller to cloud accounting, cleaned up historical records, aligned Amazon reports with financial statements, and prepared CRA-ready tax filings.
Result: The seller saved time, reduced accounting errors, and filed taxes confidently with accurate financials backed by professional reporting.
We make managing your finances simple and stress-free. Our transparent process keeps you informed and investor-ready at every stage.
Here’s a simplified process approach:
Step 1
Initial Review & Setup
We assess your Amazon account, structure, and tax obligations.
Step 2
Monthly Bookkeeping & Reconciliation
Clean, accurate records using Amazon and bank data.
Step 3
Tax Filing & Compliance Management
GST/HST, income tax, and required CRA filings handled on time
Step 4
Ongoing Advisory & Reporting
Regular insights to improve margins, cash flow, and tax efficiency.
Get personalized advice for your taxes.
Transparent Pricing
Affordable Pricing for Amazon Sellers Taxes & Accounting
We believe in clear, upfront pricing so you know exactly what to expect.
Tax Preparation (Corporation): From $400
Tax Return Filing (Corporation): From $400
Tax Compliance Audit – FREE CRA audit support for our clients
- Tax Strategy: FREE for our clients
- Accounting Base Plan – From $100 / month
- Bookkeeping Management (Free for our Accounting clients)
- Financial Reporting (Free for our Accounting clients)
Meet Your Lead Amazon Sellers Tax Accountants
Google Reviews
See all on Google
Google Reviews
See all on GoogleServing Amazon Sellers Across Ontario
We support Amazon sellers and eCommerce business owners across Toronto , Mississauga, Brampton, North York, Etobicoke, Scarborough, Vaughan, Markham, Richmond Hill, and Ottawa. Whether you operate locally or sell across multiple marketplaces, our systems and expertise ensure your Amazon finances are accurate, GST/HST-compliant, and easy to understand. Our goal is to help you grow your eCommerce business with less stress, better financial clarity, and optimized tax outcomes.
Toronto (ON)
168 Simcoe St Unit 1118, Toronto, ON M5H 4C9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Mississauga (ON)
5373 Bullrush Dr, Mississauga, ON, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Brampton (ON)
4 Starhill Crescent, Brampton, ON L6R 2P9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Scarborough (ON)
24 Clementine Square, Scarborough, ON M1G 2V7, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Vaughan (ON)
19 Cabinet Crescent, Woodbridge, ON L4L 6H9, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Oshawa (ON)
210 Durham St, Oshawa, ON L1J 5R3, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Ottawa (ON)
2090 Neepawa Ave a314, Ottawa, ON K2A 3L6, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Etobicoke (ON)
60 Stevenson Rd #1601, Etobicoke, ON M9V 2B4, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Hamilton (ON)
70 Starling Dr, Hamilton, ON L9A 0C5, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Guelph (ON)
1155 Gordon St, Guelph, ON N1L 1S8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Windsor (ON)
4387 Guppy Ct, Windsor, ON N9G 2N8, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
North York (ON)
150 Graydon Hall Dr #912, North York, ON M3A 3B2, Canada
+1 (647) 212-9559
9:00 AM – 8:30 PM (Mon – Sun)
Amazon Sellers Accounting FAQs
Do Amazon sellers need to register for GST/HST in Canada?
Yes, most Amazon sellers must register if they are making taxable supplies in Canada. Requirements depend on revenue, inventory location, and whether Amazon collects tax on your behalf.
How do you reconcile Amazon payout reports?
We reconcile Amazon settlement reports with your bank deposits, fees, refunds, and reserves to ensure your books reflect actual cash flow and profitability.
Can you handle both FBA and FBM accounting?
Absolutely. We support both Fulfilled by Amazon (FBA) and Fulfilled by Merchant (FBM) sellers, including inventory and shipping cost tracking.
What accounting software do you use for Amazon sellers?
We typically work with QuickBooks Online and integrate Amazon sales data using trusted connectors to ensure accuracy and efficiency.
How do you handle inventory accounting for Amazon sellers?
We track inventory purchases, landed costs, and cost of goods sold (COGS) to ensure accurate profit reporting and tax compliance.
Do Amazon sellers need to file corporate taxes?
If your Amazon business is incorporated, yes—you must file a T2 corporate tax return. Sole proprietors report income differently.
Can you help with cross-border Amazon sales?
Yes. We assist sellers dealing with U.S. marketplaces, foreign suppliers, and cross-border tax considerations.
What happens if I haven’t been filing taxes correctly?
We can clean up past records, correct filings, and help you become compliant while minimizing penalties where possible.
How often should Amazon sellers update their bookkeeping?
Monthly bookkeeping is recommended to maintain accuracy, manage cash flow, and prepare for tax filings.
Do you help with CRA audits or reviews?
Yes. We provide full CRA support, including document preparation, communication, and representation.