The rise and rise of the internet has led to huge opportunities for entrepreneurs; it provides a global market place for many businesses that previously, without large capital investment, would have been restricted to local or national operations.
With access to the entire world as a potential customer base, the tax and accounting requirements need to be looked at, in order to create efficiencies in processing transactions. It’s essential to have a good eCommerce accountant on board to help you love your figures while you take care of business. Whether you only have an online presence, or have a shop front and are looking to go online, we can help you to set up in a way that works best for you and your bank balance.
We can assist you with the following:
- Cross-border trading and associated VAT complications (e.g., distance selling thresholds, reverse charge);
- Identify the accounting and tax implications for Intellectual property;
- Capital allowances and income recognition;
- Research and development tax credits;
- Determining the right business structure;
- Cloud accounting and integration; and
- Monthly management reporting.
