Your Trusted Accountants for Ecommerce
Main Services
Compliance
There are a number of compliance responsibilities that come with trading as a Sole Trader or Limited Company as an E-commerce seller.
As a sole trader, you run your business as an individual and keep all business profits after tax has been paid on them. You are required to produce a trading return and also make an annual tax return. As such, compliance is a key responsibility and we can help you.
If you trade as a Limited Company, there is more administration and the requirement to file Accounts and Corporation Tax returns.
In both cases, where the turnover level exceeds VAT registration is required, we will arrange this for you.
Work with us and keep the advantage of being agile and we will make sure you are not bogged down by your accounting and finances.
With specialist advice and support from Citi Accounts, you can stay on top of your finances, file tax returns, sort out payroll, file tax returns, and even prepare the documents required to register your business with HMRC and Companies House with a minimum of fuss, giving you more time to run your business and provide a great service to your customers.
Our role is to help small businesses get on with what they do best, by providing an efficient and modern accounting service.
Bookkeeping
We will help provide you with accounting software to ensure that you keep records of all business sales and expenses.
We will provide full bookkeeping services to ensure that full records are kept.
Where required, we will prepare and file VAT returns for you.
Tax Returns
As a sole trader business or as a Director, you’ll probably need to submit a Self-Assessment Tax Return each year. We will do all the hard work for you, and ensure your tax returns are always submitted and paid by the deadlines.
As a Limited Company, you will need to produce and file a Corporation tax return.
We can prepare VAT returns as and when you become VAT registered.
How does it Work?
Give us access to your Ecommerce accounts
To ensure that all the records are up to date and accounted for, we will need to access the reports and records from your online account.
Send Us Your Documents
Either upload you documents online or send them to us. We need any additional sales and purchases not included in your Ecommerce accounts and downloaded bank statements.
We prepare your tax return and accounts
We will process all the records provided and prepare your tax returns and accounts. We review the documentation and records and ask any additional questions to ensure that we have all the information to minimise your tax.
Accounts prepared for signing off and filing
We prepare your final accounts and tax return for your approval. Once approved we will get them filed with HMRC.
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