Many business entities do their businesses online and we have qualified Manchester Accountants who speak a number of languages including English, Mandarin, Cantonese, Sinhala and Tamil and we can help online businesses who buy and sell merchandise, products, and services online. These businesses need help of a firm of Manchester Chartered Accountants to comply with tax obligations and to fill regulatory requirement especially if importing and exporting from overseas. Furthermore, seeking accounting services online will help them meet legal and avoid instances of double taxation. In addition, online business entrepreneurs must keep abreast with everything happening around their business, if they are to survive the bullish business environment today. They need regular updates on the financial position of their businesses. We employ state of the art technologies and a very bespoke service to execute these services fast and effectively for our clients.
We offer an array of accounting services for your online business. They include:
- Assisting with Vat Registration.
- Assisting and advising in respect of EU and non-Eu Selling.
- Offering specialist Vat consultancy work.
- Limited Company formation.
- Distance Selling
- Tax Return Services
- updating inventory
Monthly reconciliation services
Clients who run online businesses will benefit greatly from this service. Here, we compare credit card statements, online payment records, and bank records. If there are discrepancies, it is our work to reconcile them. This way, you will easily tell when your business is growing and when it starts going off track. Also, it helps us to pinpoint areas of expenditures that need to be streamlined.
We prepare monthly, quarterly, biannually and annual financial statements. Also, we will prepare expense overviews to help you monitor and control your expenditure. Our staff will help you see the wider picture of your business. We will give actionable insights to help grow your company. Our team of experts will also be at your back to pep you when it is time to file tax returns. As accountants in Manchester we will ensure that all financial statements meet regulatory requirements.
This is one of the services that will determine whether your business moves to the next level or not. It deals with matters to do with remuneration of employees. It could be direct deposits to employees’ bank accounts or use of checks. Also, we deal with payroll tax forms and offer tax return services. We also provide payroll reconciliation services.
Invoicing and bill payment
These services are available to clients who need help with invoicing clients and managing payments. Similarly, if you have issues in paying recurrent bills, we will be happy to manage the bill payment functions. Also, we will help you with employee reimbursements where necessary. Typically, reimbursement of employees’ travels and accommodation costs can sometimes bother businesses. So if your online business has similar expenses, we will gladly help you.
Online businesses can benefit a lot from our inventory accounting services. It can help them track inventory movement, quantities and cost.
Meeting statutory obligations
For UK-based online firms, we will maintain your books of account with HMRC needs in mind. To this end, we ensure that the books of account show the income the business gets from its day to day activities. They should also show the expenses they incur while going about with their day to day businesses. We go the extra mile to separate the taxable and the nontaxable income. It makes it easier to file returns.
Why You Should Choose Us among Other Accountants in Manchester
- Manchester Chartered Accountants.
One of the endemic problems in most companies and business outfits, in general, is keeping at pace with the demands of today’s clients. Businesses in jurisdictions such as the UK make the better part of their income from online trading. Our services are designed to help you respond to the client’s demands fast. It is the only way to maintain your existing clientele and gain trust from new ones.
- To Help Your Shipping Services
If you wish to trade with people or firms abroad, particularly in the UK, or any other jurisdiction, it is always well-advised to establish the laws that regulate and influence business in such jurisdictions. For you to get a trading license you need to liaise with a company that understands the legal system and the trading environment you wish to operate in. The power of the right documentation cannot be downplayed, not even in online business. Online services from abroad fall under international trade. Therefore, you should avoid the risk of exposing your goods to seizure by the authorities.
Importing goods into the UK requires the importer to have certificates and permits that are influenced by the type of product and the code. The codes are issued through an elaborate application process. You may also access such codes for commodities through the online platform at the UK Trade Tariff. The site also keeps you in the loop regarding the rules governing the importation of various services and the tariffs that will be charged.
The Chief Customs Office
Any imports into the UK must be declared via the Customs Handling Import and Export Freight System abbreviated as CHIEF. Luckily, you can achieve the same using digital platforms. Our services aim at making it easier for you. We offer technical advice and support services for licensing applications too.
If you wish to import agricultural related items, you need to reach out to the Rural Payment Agency.
Other Licensing Agencies
Other agencies charged with regulating imports from China and other countries include ILB, Innovations and Skills Department, which caters to the business aspects, Defra, which caters to special consumables including poultry, milk, fur and plants and animals categorized as endangered. Generally, plant products, fridges, and firefighting equipment, substances of carcinogenic nature, medicines and medical-related services need licenses from specifically dedicated bodies.
Defra is charged with licensing the importation of timber and related products for packaging purposes. If you are importing from China, you will also need to secure a quarantine release certificate before you are allowed to import.
- To help organize your books
The nature of your online business may be too complicated to understand. There could be millions of transactions that take place within a given period. For instance, online businesses that deal in merchandise have products moving to and from clients. Also, money may move to and from clients when receiving payment and sending out refunds. This can be confusing and can make the entrepreneur feel disorganized.
If you find yourself wearing this shoe, do not worry. We will get your business books of accounting organized. Our experts will have your income statement and balance sheet ready for your review. It will allow you to see your current position at a click of a button. Besides we will give you visual reports loaded with the data you need to make decisions. We go the extra mile to help grow your online business
- To get quality services at reduced costs
We are aware of the stiff competition online businesses face. We also know that they have several online fees that they must pay to maintain their business. For this reason, we offer bookkeeping services at prices you can afford. Besides we offer services to both accrual-based and cash-based businesses. Forget about Accountants for online businesseswho limit their services to a specific number of transactions. Our goal is to help your online business grow. So we will avail all accounting and tax related services at an affordable fee until your business moves to the next level.
- to Get Quality Service
We use both Xerox and QuickBooks online to manage and maintain records and books of accounting. What does this mean to you? That you will be able to access reports generated on the go. Cash flow, profit and loss, and reconciliation statements will be available at a press of a button.
- You get an opportunity to store your documents
When you engage us for regular bookkeeping and tax related services, you will be entitled to more benefits. We will create an account for you on our secure servers. We then provide the login details and a password. It allows you to log into your account and upload documents you want to store. Documents like bank statements, contracts, incorporation documents, credit cards statement, and business licenses will be secure at our servers. Besides, you will be able to access these documents any time you want.
- A chance for Software set up
If you are already using accounting software, we will be happy to use it to keep your books in order. If you are not, we will discuss it with you and allow you to choose between QuickBooks online and Xerox.
Bottom line -why we offer these services
We will help you manage your business and have the data you need to make business decisions on the go. We offer services like bill payment, income, expense reports, payroll services, tax advising and more. We also manage credit card and bank statements. Above all, we are just a call away. Get in touch now and let’s discuss how you can benefit from our online accounting, tax and boo keeping services. Today’s business has become more technical than many entrepreneurs imagine. In order to help keep you ahead of the pack, we provide you with the knowledge and service you need now and tomorrow.