Chris founded the E-commerce Accountants in 2019, which specializes in tax, accounting, and business structuring for eCommerce companies, including Digital Marketers, Drop Shippers, Amazon Automation, Amazon FBA, and Internet Coaches/Gurus. As a New York State Certified Public Accountant, Chris works with some of the most high-profile and influential individuals and businesses in the eCommerce space.
Prior to starting his firm, Chris spent six and a half years with Ernst & Young, specializing in tax and accounting for retail consumer products and service companies. During this time, Chris worked entirely with multinational businesses (both public and private), providing services including business structuring, accounting consulting, auditing, tax compliance, and tax planning.
Child support is not considered taxable income by the IRS -- but there are some related tax rules to keep in mind.
Give yourself a financial boost heading into the new year.
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.
“Essentially the individuals receiving Social Security benefits would establish a U.S. C-Corporation using a “blocker corporation” approach. This allows the C-Corp to generate income that does not pass through to the individual owner, thereby not affecting their combined income calculations for Social Security taxability.”