Excellent 4.9 out of 5
Average rating 5.0
Excellent 4.9 out of 5
Average rating 5.0
83% of Etsy businesses close after 3 years if they don’t add additional sales platforms
What We Have Learned as an Etsy Accountant Supporting Hundreds of Etsy Sellers
I wish I had found your ecommerce accountant sooner! I hate accounts, they scare me to death. I felt an absolute wave of relief the first time I spoke to Ben, he’s a nice guy but also extremely knowledgeable and patient. I’ve been with them for almost a year and they have been nothing but excellent
Ben is a true expert at e-commerce and more importantly, he is genuinely trying to help you achieve your objectives.
Our side of the partnership
An Etsy accountant is a dedicated professional or a team of experts who are well-versed in the specific accounting requirements of Etsy sellers. They bring valuable insights gained from working closely with Etsy businesses every day.
Whether you’re operating a successful Etsy shop or scaling up a creative side project, having an Etsy accountant is essential. Our team can assist in establishing your business entity, managing self-assessment tax obligations, and ensuring VAT compliance, all backed by our niche industry expertise.
Our services are designed to make your Etsy business operations more efficient while uncovering growth strategies. Our skilled accountants are adept at handling Etsy’s payment systems, integrating them seamlessly into your financial management, eliminating the need for constant sales and fee reporting. With our deep understanding of the tax nuances in different markets, you can confidently expand your Etsy business across borders without any stress.
As ICAEW chartered eCommerce accountants, we know Etsy sellers’ unique challenges. This is why we connect you with the finest accountancy software and tools to optimise your business processes.
We advise our Etsy shop clients to utilise Xero and Quickbooks for their accounting needs. These cloud-based platforms are user-friendly and seamlessly integrate with your Etsy store, streamlining the financial management of your business. By employing top-notch accounting software, you ensure the efficient operation of your daily business activities.
We will configure your accounting software to provide up-to-the-minute financial data, enabling you better to oversee your cash flow and overall financial health.
When you start your Etsy business, it’s important to note that VAT registration isn’t required as long as your annual turnover remains below £85,000. However, once your Etsy sales exceed this threshold, you must register for VAT with HMRC.
The recent changes to e-commerce VAT rules, particularly for platforms like Etsy, have introduced greater complexity into the tax environment. As specialists in Etsy accounting, we’re equipped to guide you through these new regulations in a way that surpasses the capabilities of traditional accountants.
For Etsy sellers engaging in international sales, including selling into the EU, we can assist with VAT registration and ensure compliance with tax obligations, such as registering for the Import One-Stop Shop (IOSS) scheme. Our expertise in Etsy seller accounting positions us to manage these complexities effectively.
What differentiates our accountants is their in-depth grasp of the eCommerce landscape and ability to provide tailored advice. Understanding the hurdles that Etsy sellers encounter allows us to equip our clients with the assurance they need to thrive on Etsy, with full compliance and peace of mind.
As an Etsy seller, it’s important to understand your VAT obligations. Whether your Etsy business is VAT-registered or not, you must pay VAT on your selling fees. This VAT on Etsy fees is applicable and can only be reclaimed if your business is registered for UK VAT. It’s essential to stay informed about Etsy accounting practices to manage your financial responsibilities effectively.
