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These days, there aren’t many businesses that don’t trade online in one way or another, whether it’s a nice-to-have additional revenue stream or at the very heart of the business model. Saiqa believes in delivering qualitative retail accounting expert services efficaciously, adding value to the clients’ business and sustaining enduring client relationships. Preparing the financial statements way ahead of time greatly helps small businesses during the tax period.
Supporting Sellers on Amazon, Shopify, eBay, Etsy & More
Many independent retail stores have decided to fill the gaps left resulting in the first rise in independent stores for the first time in four years. Introduction On 15th October the contactless spending limit increased to £100. Although the limit has been increased, the retail industry has said that it could take months to implement this change before all shoppers can use the new payment threshold.
- Using an accountant who lacks experience in e-commerce can actually end up consuming more of your time.
- Not for Profit Our dedicated Not for Profit team are experts in delivering business and accountancy services to the education, social housing, charity and membership body sectors.
- Getting an accountant is simply vital if you want to make sense of your business accounts and aim for growth.
- Take for instance HMRC that requests audits or tax investigations once certain details don’t sit right.
- Shoaib Aslam is the co-founder of Pearl Chartered Accountants, a UK-based chartered accountancy firm that has multiple locations across London.
Less time spent running the business and more time working on the business to enable future growth. Whether you have an existing solution or you’re looking to set https://www.bollyinside.com/featured/the-primary-basics-of-successful-cash-flow-management-in-construction/ up a brand new eCommerce venture, we can help. We can guide you through how eCommerce platforms work, and the importance of accounting for eCommerce platforms.
Contact Menzies Retail Sector team
Besides being able to set up automatic financial reports and invoices, you can also generate your tax report really simply. Our specialist team offers a wide range of services which are tailored to meet your individual needs. Our understanding of the issues faced by the retail, wholesale and e-commerce sector means that we can proactively seek out ways for you to maximise your profitability and minimise your tax liabilities.