Etsy Accountants
Selling on marketplaces such as Etsy and Not On The High Street can different requirements from a tax and accounting perspective depending on what you are selling and where the customer is.
Tax law can be complex and the location of the customer vs where the sale takes place can result in different rates applying which is why it is crucial to get specialist advice for your business.
At MWA accounting we make sure all of our clients have a qualified and dedicated member of staff to support them with their enquiries and help them get the most from their Amazon business.
We us apps like Xero and A2X to seamlessly intergrade your marketplace data with the financial information you need to run your business.
At MWA accounting we understand there are many different types of business represented on Etsy and we have the knowledge to streamline your accounting practices and make sure we free up as much of your time possible to manage your business and work on your product offering.
Whether you're creating bespoke and unique products for your customers or selling large volumes of digital downloads we have a service that can support you and help you grow your business.
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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 Digital Download business?
Due to the rise in popularity of software such as Canvas allowing consumers to further customise professionally designed digital products the market place for digital download sales has grown rapidly.
The most popular digital products are now being sold internationally at the touch of a button and as such there are a number of tax and VAT implications to consider when recording your sales. The EU has very specific rules to consider when charging the customer VAT on digital downloads.
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 creating your products and optimising your listing to gain maximum visibility.
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 Etsy & Digital Download Sellers
Bespoke Handcrafted Sales
Selling mainly on Etsy in low volumes due to the bespoke nature of the product.
Digital Download Sales
Selling in volume through one or more marketplaces including Amazon requiring a more in-depth service.
Multi-MarketPlace Cross Border
Selling through multiple marketplaces in larger volumes cross border.
"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
The default position is that both your sales via Etsy and your own website will be treated as the same trade and taxed together. If one sells through a limited company and the other as self-employment, or both as separate limited companies, then they will be taxed separately for Income Tax / Corporation Tax, but the sales will be combined when considering whether you must vat register.
If your sales are over £85k in a 12-month period, then yes. If you sell to EU, then you may have EU VAT requirements.
If however, you provide the download by email once payment has been made, then you must deal with it yourself. Each European country has its own VAT rate, Etsy will determine and charge this at the checkout. You will be responsible for registering, making returns and payments to the relevant authority for European vat in each country you sell in. Alternately, if you relevant sales are >€10k pa, or you voluntarily choose to, you can register for non-union MOSS in one European country (most people use Ireland as it’s easiest) and submit one return and make one payment to cover all of your European VAT requirements.
Given the complex nature of these transactions it is best to gain professional advice specific to your business.
Contact MWA Accounting
We're flexible let us know what works best for you...