E-Commerce

The digital age has brought about an explosion of business over the internet. The numerous accounting and tax implications are often overlooked in the development of the infrastructure needed to cope with the requirements of such businesses.

At Tax Direct Limited, we have recognised this development and established credible web accounting solutions to ensure your e-commerce business requirements are met and appropriate infrastructure and strategies are put in place to facilitate and support the growth.

You may conduct your business solely online or you may currently be bricks-and-mortar but wish to establish a virtual shop front. You may wish to explore the possibilities of using an affiliate network. You may be considering a new investment in an e-commerce venture, or exploring the sale of your existing website and related intellectual property.

Whatever your business issues, our e-commerce accounting team can provide you with the appropriate service, ideas and solutions tailored to your requirements.

There are numerous issues relevant to online traders, which we can help and advise on. These include:

• Capital allowances
• Income recognition
• Cross border trading and associated VAT complications (e.g. distance selling thresholds, reverse charge)
• Intellectual property – accounting and tax implications
• Research and development tax credits
• Incorporation of a sole trader or partnership business
• Cloud accounting and integration
• Payment processors/gateways
• Website back-end reporting

If you would like to arrange a more in-depth discussion with our E-commerce accountancy advisor about our experiences in the E-commerce sector and how we can help your business, please feel free to reach out to us for more information.