Strategic Decision-Making Powered by Accurate Financial Statements
Client Type: E-commerce Seller (Multi-Marketplace)Jurisdiction: United StatesPeriod Covered: 2023–2024Consultant: Prosperlytics Consultants Client Background A fast-growing e-commerce business selling across Amazon US, Shopify, and wholesale channels was struggling with strategic decision-making due to inconsistent and incomplete financial statements. Reports prepared by their previous bookkeeper lacked clarity, leading to confusion around profitability and cost allocation. Engagement with […]
Balancing Accrual Reporting with Cash-Basis Tax Filing
Client Type: E-commerce SellerJurisdiction: United StatesPeriod Covered: 2021–2024Consultant: Prosperlytics Consultants Client Background The client was preparing books on a cash basis to simplify tax filing but found it difficult to understand true business performance. While cash basis helped defer taxes, it provided little clarity for operational decision-making. Engagement with Prosperlytics Prosperlytics was engaged to design […]
Driving Profitability with SKU-Level Insights
Client Type: Amazon Seller (Private Label Brand)Jurisdiction: United StatesPeriod Covered: 2022–2024Consultant: Prosperlytics Consultants Client Background The client was selling over 150 SKUs on Amazon US but lacked visibility into SKU-level profitability. They used tools like SellerBoard and SellerLegend, which provided basic statistics but failed to deliver actionable insights. Despite good sales numbers, profitability remained unclear. […]
E-commerce Seller (Multi-Marketplace)Florida Sales Tax Refund Recovery for OverpaymentE-commerce Seller (Multi-Marketplace)
Client Type: E-commerce SellerJurisdiction: United KingdomPeriod Covered: 2021–2024 Background In August 2022, Prosperlytics Consultants were engaged to review and validate Florida Sales Tax filings for a client. During the engagement, Prosperlytics identified an unusually high tax payment of $1,906.99 made for the July 2022 period, which did not align with the client’s reported business activity. […]
Helping a Client to file claim of €150,000 VAT Refund with Spanish Authorities
Client based in: SpainIndustry: E-CommercePeriod: Jan to Dec 2024 Background Our team was responsible for managing the client’s bookkeeping, while VAT compliance was handled by a third-party tax consultant engaged directly by the client. The client’s business was under financial stress, having taken multiple loans to sustain operations. The Challenge In Aug 2024, Amazon revised […]
How Prosperlytics Consultants Recovered approx. $34,000 for an E-Commerce Seller
Industry: E-Commerce (Amazon, Shopify, Flip.shop) Client Type: Multi-platform online retailerThe Hidden Challenge Our client, a growing e-commerce seller, expanded from Amazon and Shopify to a new sales channel — Flip.shop — integrated through Shopify. For over a year, sales were steady, but there was a hidden problem: none of the Flip.shop funds were being transferred […]
Navigating UK VAT Compliance for a US-Based E-Commerce Seller and helping in recovering GBP 41,000 of unclaimed VAT from HMRC
Client Type: E-commerce SellerJurisdiction: United KingdomPeriod Covered: 2020–2022Consultant: Prosperlytics Consultants Client Background A US-based e-commerce seller had previously filed their UK VAT returns through a third-party consulting firm. However, the seller had concerns regarding the accuracy and completeness of the filings. Engagement with Prosperlytics Prosperlytics was initially engaged by the seller for bookkeeping services. In […]
Navigating UK VAT Compliance for a US-Based E-Commerce Seller
Client Type: E-commerce SellerJurisdiction: United KingdomPeriod Covered: 2021–2024 Client Background A US-based e-commerce seller was advised by a UK consulting firm to register a UK company with Companies House to streamline VAT compliance and marketplace operations. Following that advice, the seller incorporated a UK entity and used the consulting firm’s UK address for business correspondence. […]
Prosperlytics Consultants Enable Lightning-Fast E-Commerce Business Sale
Client Overview Our client was a successful multi-channel e-commerce seller operating on Amazon (US & CA), Shopify, and Walmart. After years of consistent growth, he decided to sell the business to a well-known e-commerce aggregator. However, what was expected to be a smooth transaction quickly hit roadblocks during due diligence. The Challenge When the business […]