Overview of services

Everything we do revolves around saving you time, money, and headspace. The below is a summary of services and what they mean.

What could you do with more time, money, and headspace? Learn more about accounting services and how we can help you.

Whatever services you choose, know that we are going to make it as easy as possible.

You'll have a dedicated accountant that you can ask questions. We've seen most things many times already, so we can advise you of common pitfalls, show you best practice, and give you a quick answer to most queries.

WHAT THE PEOPLE SAY

“Ecommerce Accountants is ABSOLUTELY OUTSTANDING! ...
I would only write this much if I really liked what a company did. These guys are great. I recommend them whenever possible. A+”
Dan Rodgers Sep 2019

Core Services

These are the five accounting-related services in the UK that every business will likely need at some point to cover their reporting obligations to HMRC and Companies House.

Accounting and tax advice

When your financial year ends we translate your books into your yearly accounting submissions. We handle submitting your accounts, tax return and confirmation statement, i.e. everything that is required for HMRC and Companies House, including:

  • Profit and loss report: a summary of your businesses activity in the year comprising all sales and expenditure
  • Balance sheet: a report of your assets and liabilities; your cash position, what you own, and what you are owed
  • Director’s Report and Notes to the account: prepared in accordance with General Accepted Accounting Principles (GAAP)

Unlimited tax advice is included as part of the Accounting service. We want all of our clients to feel comfortable asking us questions at any time. In the long run, this is more efficient than needed to fix something avoidable at the end of the year.

Bookkeeping

Handling books for businesses who use multi-channel ecommerce solutions is our area of expertise. We work with businesses who sell on Amazon (private label, FBA, FBM), Shopify, eBay, Etsy, Magento, Wix, WooCommerce and more. We get sales data for you to save you time. You'll never have to explain to us how a particular ecommerce platform's reporting works as we make it our job to be expert here. We save you time and money by:

  • Getting sales data for you for all platforms
  • Using best in class solutions: Xero for bookkeeping and Receipt Bank for efficient invoice capture
  • You choose your bookkeeping frequency allowing you to save you on fees if you require infrequent bookkeeping

UK VAT

We advise on the most beneficial VAT scheme to use, and prepare and submit ongoing VAT returns. Our service is fully Making Tax Digital (MTD) compliant. We have successfully handled hundreds of HMRC VAT investigations and know all of the areas of VAT tax law that accountants generally get wrong with ecommerce, in particular for dropshippers, and we will ensure that you reclaim all input VAT due.

Payroll

We handle your monthly payroll (RTI) submissions to HMRC as well as your pensions Auto-Enrolment requirements as required. We advise you on best practice and optimal salary dividend mixes, can show you how to handle payroll yourself in Xero or can handle payroll for you in its entirety.

Personal Tax and Self Assessment

For Sole Traders, your standard annual Self Assessment is included as part of your Accounting fee. For our Limited Company Directors with Self Assessment obligations, we can handle your Self Assessment and make this return simple and quick to complete.

Additional Services

These are the services that go beyond pure compliance and reporting and geared more around growth and expansion.

International Tax

At some point you will want to expand your reach globally. This brings with it additional regulatory requirements, but we can ensure that you meet these as and when your business grows. We can advise on the major international taxes you will have to navigate as a UK ecommerce seller and how best to handle these compliantly and pragmatically. We constantly monitor the best in class solutions for a variety of use cases so that handling your international tax obligations becomes simple, quick, and cost-effective.

Dashboards and Analytics

It is vital to be able to make informed decisions, and your choice of analytics and management reporting solution will make a significant difference to the quality of insight you can achieve and quality of decision making. For many of our clients, the management reporting enabled by Xero based on regular bookkeeping is sufficient. However, if you would like SKU-level data, there are best-in-class solutions that will put this level of reporting easily within your reach.

Store Launch Services

If you thinking about starting an ecommerce store on Amazon, Shopify or elsewhere, we have specialists who can help you launch right the first time, guide you through best practice and provide consulting and advice borne out of experience launching hundreds of successful ecommerce businesses

Business Coaching

Business planning and development services for when you want help taking your business to the next level.

Cash Flow Forecasting

Cash is king, and having a good idea of how to monitor and forecast cash is key to maximising the potential of your business.

PPC Consulting

Work with Amazon/Google PPC specialists with a track record of delivering value for money for our client base. For many of our business this is a huge driver for growth. Start off with a 60-point audit of the current state of your business and build and informed strategy around your PPC campaigns.

Business coaching and development

Speak to an expert about growing your business and find new insights.

We have seen Ecommerce businesses at various stages of growth. Talk with one of our accountants specialising in business coaching to help you with planning and strategy.
Managememt Accounts production
Supplier Payments and Management
Review of internal processes
Capital expenditure planning
Quarterly reviews
R&D tax credits

Outsourced finance function

If you want to have someone else take care of more of the finances.

We set up agency with HMRC so that we can liaise with them directly on your behalf. We also go direct to your merchant seller platforms so you don't have to.
Bank Reconciliation
Cloud Accounting services set-up
Receipt scanning
Pension auto-enrolment
Automated bookkeeping rules
Deadline and threshold monitoring

Comply with HMRC rules

We handle the main compliance requirements placed on business by HMRC.

We use a workflow tool, Karbon, to collaborate, send you automated reminders when things are due, and let you upload documents effortlessly. This lets us keep you compliant efficiently.
Year End Accounts
Confirmation Statements
Payroll RTI Submissions
Director Self Assessment Tax Returns
Making Tax Digital VAT Retuns
Intrastat reporting

See how we can work together

Get in touch today. Talk to our accountants to see how we can help save you time.