
ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More

ACCOTAX - Accountants & Tax Consultants
Welcome to ACCOTAX, a firm of Chartered Accountants in London. The firm was established in 2009 and has helped thousands of businesses and individuals...See More
Frequently asked questions
What qualifications should an ecommerce accountant hold?
Look for ACCA, ICAEW, or AAT accreditation as these demonstrate rigorous training and ethical standards. Such professionals are regulated by recognised bodies and must complete continuous professional development to stay current with tax law changes affecting online businesses.
How does an ecommerce accountant help with VAT?
They assist with VAT registration, threshold monitoring, and filing digital returns under Making Tax Digital. For cross-border sales, they advise on distance selling rules and import VAT recovery to ensure full compliance with HMRC requirements.
Can an accountant help with Amazon FBA tax issues?
Yes, they specialise in Amazon FBA accounting including inventory valuation, storage fee deductions, and fulfilment cost analysis. They also manage multi-currency transactions and advise on VAT obligations in European markets where you hold stock.
What is the benefit of a local accountant in Tyrone?
A local professional understands regional business patterns and can meet you in person for detailed discussions. They offer personalised service and are familiar with local HMRC office procedures, which can streamline correspondence and enquiries.
How do I prepare for my first meeting with an ecommerce accountant?
Gather your sales reports from all platforms, expense receipts, bank statements, and any previous tax returns. Prepare a list of your product categories and sales channels. The accountant will use this information to assess your tax position and recommend efficiencies.
What is Self Assessment and do ecommerce sellers need to file it?
Self Assessment is the HMRC system for reporting income not taxed at source. Sole traders and partners in ecommerce businesses must file a Self Assessment tax return annually, declaring all online sales and allowable expenses to calculate the correct tax due.
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