eCommerce Accounting Services
Accountants for online sellers, retailers and traders.
The eCommerce sector has been growing steadily for the past few decades but has accelerated massively in recent years as all sorts of businesses pivot online. Whether you’re an online seller operating through Amazon, Ebay, Shopify, Etsy or similar platforms, or a retailer with your own online store, we can help. We’ll ensure you comply with UK tax law, help you navigate tax on imports and exports from the EU and beyond, and advise you on profitability. We’ll also make sure you minimise the amount of tax you have to pay, giving you a competitive advantage.
For many of our clients, the biggest challenge is making sales data from Amazon match up with stock and with the money they’ve got in the bank. Using smart plugins, integrations and automations, we’ll get the Amazon FBA dashboard connected to Xero, QuickBooks or Sage, making this problem go away.
Another problem is making sense of the rules around tax and VAT when it comes to buying and selling into and from the EU. Post-Brexit, it’s complicated, and still evolving. Getting it right is vital to maintain the profitability of your eCommerce business.
Beyond that, many of the challenges are the same as for any retail business – bookkeeping, VAT returns, stock control, tax returns, annual accounts and so on. We’re an online business ourselves, always defaulting to digital for meetings and communications, and can handle all those important tasks for you so you can focus on business growth.
Speaking of growth, we can also help you plan for the future. What’s the five-year plan for your eCommerce business? Do you need to set up a limited company, or think about expansion? What are your plans for succession or exiting the business? With first-hand experience in retail management, our advice is based on real knowledge, not theory.
Need accountants for eCommerce?
We’re excited to hear from you, to learn about your business, and talk through the options and opportunities. Let’s get the ball rolling today and see what we can achieve together.