TikTok Shop Accountants
TikTok shop has exploded onto the UK e-commerce landscape as a valuable marketplace channel for brands and sellers with a number of e-commerce traders predominantly selling through TikTok shop. Recording your sales and accounting for your taxes with the help of a TikTok shop accountant will make your business significantly easier to run.
At MWA Accounting we ensure that all of our clients that are trading on TikTok shop have a dedicated qualified named member of staff to guide them through their financial reporting making sure they stay complaint with UK tax laws but also giving you the information you need to maximise your TikTok shop sales and profit.
TikTok Shop has resulted in a vast number of new businesses that are able to benefit from targeting their unique products at their consumers who are already part of the huge audience of billions on TikTok.
Whether you are a brand selling through TikTok Shop or specifically a TikTok shop seller we can help you connect all of your online marketplaces and channels to your bookkeeping to provide real time financial data.
With its unique hybrid of entertainment for the consumer and exclusive advertising opportunities for the seller TikTok shop is set to experience exponential growth this year and MWA can help you grow your TikTok Shop business by giving you the information you need and saving you time.
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Named contact for all your queries.
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Specialist app integration for your Marketplace accounting - exporting your sales data using Xero and A2X.
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Specialists VAT/GST cross border selling rules.
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Ensure your VAT is being recorded the most tax efficient way for your business model.
Growing your TikTok Shop business?
As TikTok shop continues to grow providing accounting services to sellers will require a more specialist and well thought out knowledge in order to support and assist those businesses on their growth plan.
As TikTok ads more features such as Shop Ads sitting alongside the original live/in feed shopping and maximise advertising opportunities through the unique TikTok affiliates programme the size of sales can scale quickly and significantly.
We understand the implications of your stock holding whether that is direct from the manufacturer in China to your consumer, you have your own warehouse or you are considering the emerging fulfilled by TikTok model
At MWA Accounting we can assist you with all the information you require to help you maximise your profits and save you time and money so that you can focus on running your business.
We understand the implications of all of the above and we have vast amounts of experience working with entrepreneurs and businesses of different types and sizes. We understand your unique challenges and want to help you get the most out of your business.
Book a CallBespoke packages
for TikTok Shop Sellers & Businesses.
Individual TikTok Shop Business
Selling mainly on TikTok Shop usually with stock coming straight from the manufacturer.
Multi-Marketplace Trader
Selling in volume through one or more marketplaces including TikTok requiring a more in-depth service.
Marketplace and own E-commerce
Selling through multiple marketplaces in larger volumes plus trading through your own CMS or shopify website.
"extremely friendly, approachable, and give clear advice. The team are highly efficient and go the extra mile for me and those that work with me. Whenever I have a query Richard is always on the end of the line to assist. I would highly recommend MWA to any other company looking for a reliable accountancy practice..."
Alex, Managing Director, UK Expert Medical
"...inputs and response times are fantastic ... advice has been timely, professional and commercial both in dealings with us and other professional advisers... it’s unusual to find an accountant in practice who speaks in plain English and is so commercially-minded, which is exactly what we have in MWA.
Andy Scott, Chairman, REL Capital
"...great service from MWA every time, really please we switched across to them and they've really helped us out as a company over the last couple of years, always offering great advice, would certainly recommend."
Josh Ainsley, Managing Director, Ainsley Signs
FAQs
If you are based in the UK, you follow standard UK VAT rules - i.e. you must register if your sales are over £85k, some products are exempt from this. UK VAT is normally charged at 20%, although some items have a 5% or even 0% VAT rate. It’s your responsibility as the seller to get the rate correct and this is where we can help you to make it as easy as possible.
If you are UK VAT registered, then yes you must charge 20% VAT on your sales.
There’s a high chance it would be more tax efficient to be a limited company if your profit is over £50k per year, or this is a side hustle. There are other considerations, such as the limited liability that a company provides. You should speak to us to discuss your specific circumstances.
Yes. Additionally, there’s a chance that they might be VAT registered. We work with a number of TikTok influencers who operate within the affiliates programme and it is not un-common for them to also be VAT registered.
Contact MWA Accounting
We're flexible let us know what works best for you...