We specialise ONLY in online businesses. Ecommerce, Amazon FBA, agencies, content creators, influencers and SAAS companies.
License Number #1: CPA031269
License Number #2: CPA121400
As professional CPAs with 20+ years in the tax and accounting field, we uphold the highest level of integrity. freecashflow.io is based in Los Angeles, California.
Plug into your tech stack, pull your source documents and our team can get you set up and working on your business within 30 minutes flat.
Tax planning is like giving yourself a raise. It’s revenue you’ve already made. But instead of giving it away, its back in your pocket.
Accurate Feb 2021.
Our dedicated team takes care of ALL your bookkeeping functions for your online business.
From Cash reconciliations, vendor setup, chart of accounts all to way to managing inventory value and depreciation reports, we provide clean books that you would be proud to show your parents (or potential investors).
Our bread and butter Tax Planning consultation ensures that you get back EVERY dollar you deserve of your hard-earned after-tax profit.
On average, we are able to get back 15-25% more tax deductions and credits for you from your previous year tax return.
We are not here just to do your bookkeeping and taxes (Although we are quite good at that)- our mission is to be your outsourced CFO so you always have the insight and confidence to take on bigger challenges for your business and explore ways to scale to new horizons.
We provide quarterly strategy calls Explore areas such as Brand collaborations, M&A (Mergers & Acquisitions), and real estate opportunities
We are not here just to do your bookkeeping and taxes (Although we are quite good at that)- our mission is to be your outsourced CFO so you always have the insight and confidence to take on bigger challenges for your business and explore ways to scale to new horizons.
We provide quarterly strategy calls Explore areas such as Brand collaborations, M&A (Mergers & Acquisitions), and real estate opportunities
We are not only here for you today and tomorrow- we will clean up your past too. As part of our all-inclusive package, we will perform 12 months of historical bookkeeping cleanup to ensure compliance and no missed tax-saving opportunities.
We will also include 15-20 hours of data migration service to make sure your financial data will all be secured in our cloud-based solution.
Unlike other general accounting firms that you only talk to once a year, we provide monthly strategic support calls to go over your tax savings, capital needs, and operational improvements.
We will also provide financial planning, retirement solutions, and recommendations to improve your brand’s financial performance.
With over 20 years in tax, accounting and M&A, we’re here to help online business owners.
By the end of this Strategy Session, you will have a clear understanding of the next steps you can take for your business to take advantage of the tax deductions you are missing out on.
Learn the top 10 deductions you are missing out on to reduce your tax bill.
Learn about ecommerce sales tax nexus & compliance so you’re safe even if you’re audited.
Quit paying more than you have to and put money back into your pocket.
Basically anyone who transacts online. We specialize in this area and knows all the tricks that will maximaze your savings that no general CPA can provide you.
As long as you transact with your customers in an online manner, you are running an ecom business.
We are based out of Los Angeles, California USA.
Almost immediately – If you are proactive about your tax situation and pass us your documents ASAP, we can get started right away implementing key strategies that will ensure you always get the most deduction back for all your business expenses.
We use quickbooks! As its industry standard, however if you have something proprietary, we can work around that.
I have ran an ecommerce store in the past and understand the internet marketing scene well. FB, google ads, ROAS, fulfilment with suppliers, ad account issues. I totally understand what you are going through.
Our purpose is to not be your tax preparer, but be your outsourced Financial Consultant so that you can be safeguarded from any kind of financial or compliance issues all year long. With that said, we do not charge by the hour, but have a comprehensive fixed pricing model to ensure you are provided unlimited support whenever you need us. The value that we provide will ensure your ROI with us is always very very positive. We guarantee it.
Almost immediately – just set up a call with us, and we can see if we will be a good fit and if everything checks off, you can be onboarded!
Yes! We specialize in tax planning/consultation for ecommerce businesses, these are the only clients we serve! Everyone’s business is quite structured the same way.
Ideally you should be making upwards of $250k/year revenue on your business.
It varies depending on your specific tax situation, but with smart tax planning we had consistenly been able to save 20-25% for our client, sometimes even as high as 60% if they have the right infrascture in place.
Our purpose is to provide you with business tax consultation and planning service, so we usually do not interact with your personal returns except for schedule C. However, we love to take care of our clients on every level, and would be happy to advise if you have any questions during our monthly calls without additional charge.
Our purpose is to provide you with the best guidance while following all of the rules of the IRS closely. We do not expect an audit to occcur as long as you are working with our agency all year long and listen to our tax strategies. If an audit does occur, rest assure we will be providing you with consulting help through the process. If needed, we will also refer you to a tax attorney, but in most cases this will not be necessary.
We strive to provide top notch service for all of our clients and that include timely submission of all tax returns. We are dedicated to ensuring all your returns are filled in a timely fashion and will file for any extensions needed if we need more time for data gathering (if we started very close to the tax return deadline for example)
Unfortunately, there has been a growing trend in the industry that is not as beneficial for you as it is for the firm.
Many CPA firms are turning to outsourced workers from other countries.
You may find that firm you are talking to has a lot of their work done by an outsourced company overseas.That’s not US! Who you see on the video right now is exactly who will be handling your account along with my partners in the agency. We are dedicated to be very hands on and expect our clients to also be attentive with us so we can provide you with the best tax service you ever received in your life!
A Shopify accountant is a professional who specializes in managing and advising on financial matters related to running a business on the Shopify platform. These professionals are often knowledgeable in areas such as e-commerce accounting principles, tax compliance, revenue recognition, expense tracking, and financial reporting.
Key responsibilities of a Shopify accountant may include:
Bookkeeping: Keeping track of all sales, expenses, taxes, and other financial transactions in the business. For eCommerce brands, dropshippers & amazon FBA sellers/.
Tax Planning and Filing: Understanding tax laws and obligations specific to e-commerce businesses and ensuring the business is compliant.
Financial Reporting: Preparing income statements, balance sheets, and cash flow statements, which provide insights into the business’s financial health.
Inventory Management: Providing advice on inventory accounting and assisting in tracking costs related to goods sold.
Shopify Sales Tax & Advisory: Offering guidance on pricing strategies, financial planning, business expansion, and other strategic business decisions.
Integrating Accounting Software: Setting up and managing integration between Shopify and accounting software like QuickBooks or Xero to automate financial processes.
An OnlyFans CPA (Certified Public Accountant) is a professional accountant who specializes in managing and advising on the financial and tax matters related to creators who use the OnlyFans platform. They understand the unique financial and tax circumstances faced by content creators in the adult entertainment industry, especially those earning income from sources like subscriptions, tips, and pay-per-view (PPV) content on OnlyFans.
Here are some of the things that an OnlyFans CPA might do:
Income Tracking and Reporting: They can help track all forms of income, from subscriptions, tips, and PPV content, to ensure that all income is accurately reported.
Expense Deductions: An OnlyFans CPA can advise on business-related expenses that can be legally deducted, such as equipment, costumes, makeup, home office costs, and even some travel expenses, depending on the circumstances.
Self-Employment Taxes: As an OnlyFans creator, you are essentially self-employed. A CPA can help calculate and file self-employment taxes, which cover Social Security and Medicare taxes.
Quarterly Estimated Taxes: Given that taxes aren’t automatically deducted from OnlyFans earnings, a CPA can assist with estimating and submitting quarterly tax payments to avoid a large bill at the end of the tax year and potential penalties for underpayment.
Form 1099: OnlyFans creators in the US receive a Form 1099 indicating their earnings for the year. A CPA can help interpret this form and incorporate the information into a tax return.
Financial Planning and Advisory: A CPA can also provide guidance on managing income, setting up retirement accounts, and financial planning for the future.
A SaaS (Software as a Service) CPA (Certified Public Accountant) is a professional accountant or financial advisor who specializes in the unique financial and tax considerations that pertain to businesses operating within the SaaS model.
A SaaS business model is unique as it involves recurring revenue, upfront customer acquisition costs, potentially high churn rates, and specific revenue recognition rules. This makes accounting for SaaS companies different from traditional businesses.
Here’s what a SaaS CPA might do:
Revenue Recognition: They’ll understand and apply the specific revenue recognition rules that apply to SaaS companies.
Financial Forecasting: A SaaS CPA can help develop and refine models for cash flow and revenue forecasting, taking into account factors like churn, growth rates, and customer acquisition costs (CAC).
Performance Metrics: They can help a SaaS business understand and track the key performance indicators (KPIs) that matter most in the SaaS world, like Monthly Recurring Revenue (MRR), Customer Lifetime Value (CLTV), and churn rate.
Tax Planning and Filing: A SaaS CPA will help the business navigate tax obligations and identify tax-saving opportunities. This can be complex, especially when dealing with international sales and VAT.
Fundraising and Due Diligence: If a SaaS company is seeking investment, a SaaS CPA can assist in preparing financial statements and other documentation investors may want to review.
Accounting Systems and Controls: They can help implement and manage accounting systems suited to the needs of a SaaS business, potentially including integration with the business’s billing or CRM system.
Book a FREE consultation call with Alan and talk to a CPA who actually understands and cares for your business.