Download your tax docs before you need them
One boring Canadian Amazon FBA habit that will save you a headache later:
Download your Amazon tax documents and keep them in Google Drive.
I know. Not sexy.
But when you sell in Canada, you are dealing with HST, GST, QST, PST, Amazon fees, fee taxes, refunds, and all the little accounting stuff nobody wants to touch until it becomes a problem.
On one coaching call, I was showing how some Amazon fee taxes can be tracked and refunded properly when your books are clean.
The lesson was not "become an accountant."
The lesson was this:
If your documents are messy, you make your accountant's job harder and you make your own life harder.
If your documents are saved every month, the business feels way less scary.
Simple action step:
Create one Google Drive folder called Amazon Canada Taxes.
Inside it, make folders by year and month.
Then once a month, download your tax docs, fee docs, and any reports your accountant asks for.
Do not wait until tax season.
Do not wait until CRA asks you for something.
Do it while it is boring.
That is usually when it matters most.
Question for the group:
Are your Amazon Canada tax docs organized right now, or are they living in the "I'll deal with it later" folder? 😅
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Anthony Mancini
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Download your tax docs before you need them
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