Selling Online

Do I need an accountant?

Whether you are a small business or a large enterprise selling your products online, you need to make sure that you keep your books neat, tidy and up to date. You have to keep in mind that doing a business and having an income means you have to pay taxes within the deadlines.

The outbreak of Covid-19 has given the world a whole new perspective. IT has changed our mind sets and hence our life styles. Previously we would see the shops crowded on the black Friday sales shopping as the Christmas neared. Because of the Covid- 19 pandemic people all over the world are shopping online.

According to a report by internet retailing .net online shopping has increased by 129% across UK and Europe. Increased demand means that the businesses need an efficient systems to sell their product, keep a track of their sales and maintain their books. This is where an e commerce accountant comes in.

There are different platforms which people are using to sell their products online. The most commonly used accounting platforms are:

● Shopify- People are using 'Drop Shipping' where the product is help by a supplier and ships the product to the customer.
● Amazon- People selling online are using Amazon FBA (fulfilment by amazon) where the product gets picked from your home and stored, packed at amazon store.
● E bay

An accountant will help you sort out your data by keeping a track of your sales, inventory, and your profits so you can make informed decisions

In any case if you are running a business you need to register your business. You might want to run the business as a sole trader, partnership or a company.

For each structure there are different types of taxes that you need to pay and a good accountant will advise you what structure suits you best.

Selling online means that while you are touching your local market, you are also attracting and making customers overseas.

While selling your products overseas To EU countries or non EU countries you should be well aware of the tax implications such as VAT and other taxes charged at customs.

Cash flows:

With the surge in the demand there is an increase on the cash flows. Dealing with different types of currencies can be a bit tricky and an accountant can take care of that for you.

Distance Selling Rules:

If you are selling in EU on amazon / shopify / E bay you need to know and understand the distance selling rules. You will be following the distance selling rules if you sell your product to an EU country from UK and your business is based in the UK. Being based in the UK will mean that even though you supply your products in the EU country but you do not store your products in that country.

Our Shopify accountants will help you manage your accounts and taxes. Our accountants in Croydon have a good experience in dealing with the clients who are using e commerce platforms such as Shopify and amazon to sell their business. If you are a small business or even a large enterprise selling online and you want us to maintain your books and taxes do not hesitate to contact Taxaccolega at 020 8127 0728

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ID Verification Form For Companies House

From 18 November 2025, UK law will require all company Directors and Persons with Significant Control (PSCs) to verify their identity with Companies House.

Companies House will issue a personal code to PSCs.
Taxaccolega (ACSP) can help collect data and assist.
Please answer the questions and upload documents.

Personal Details

Fornames * Last Name * Date of Birth * Nationality * Place of Birth *

Contact Details

Current Address * Date you moved in at current address? * Previous Address(es) in last 12 months (if Any) Email * Phone *

Role in the Company *

I am a Director I am a Person with Significant Control (PSC)

Identity Documents

ID Document * Address Document *
Are you an Overseas Director and PSC? *

Additional (Overseas)

Overseas Supporting Docs *

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You are declaring that all documents and information provided by you are true and correct, you are consenting to use and store your personal data and consenting for Taxaccolega Chartered Accountants to act as Authorised Corporate Service Provider (ACSP) on your behalf.

I confirm that I have read and agree to the above Terms & Conditions and consent to the processing of my data by Taxaccolega Chartered Accountants for the purposes of identity verification with Companies House.

Terms & Conditions – Identity Verification Process

By submitting, you authorise Taxaccolega to process your data for ID verification with Companies House.

I agree to Terms*

1. Purpose of this Agreement
1.1 These Terms & Conditions apply to the collection and processing of personal data and identity documents required under the Economic Crime and Corporate Transparency Act 2023 and Companies House identity verification rules effective from 18 November 2025.
1.2 By submitting your details through our online form, you authorise Taxaccolega Chartered Accountants (as an Authorised Corporate Service Provider – ACSP) to process your information for the sole purpose of fulfilling the identity verification obligations set by Companies House.

2. Client Responsibilities
2.1 You confirm that all information and documents you provide are true, accurate, complete, and current.
2.2 You accept full responsibility for any false, misleading, or incomplete information supplied, and acknowledge that this may lead to penalties or rejection of your verification by Companies House.
2.3 You must notify us promptly of any change in your details (such as name, address, or role in the company) which may affect the verification process.

3. Our Role & Limitation
3.1 We act solely as an intermediary in submitting your information to Companies House.
3.2 We do not guarantee the acceptance, speed, or outcome of any identity verification by Companies House. The final decision rests solely with Companies House.
3.3 We shall not be liable for any loss, delay, penalty, or consequence arising from:
* (a) inaccurate or incomplete information provided by you,
* (b) delays or failures within Companies House systems,
* (c) rejection or failure of verification by Companies House, or
* (d) events outside our reasonable control.
3.4 Nothing in these Terms excludes liability for death, personal injury, fraud, or any liability which cannot be excluded under law..

4. Data Protection
4.1 We will process your personal data in accordance with the UK GDPR and the Data Protection Act 2018.
4.2 Your data will be used solely for the purpose of identity verification and related compliance requirements.
4.3 We will retain your information only as long as required by law or regulatory obligations.
4.4 We will not disclose your information to third parties other than Companies House or other parties legally entitled to it.

5. Client Consent
By ticking the consent box and submitting your details, you confirm that:
• You have read, understood, and agreed to these Terms & Conditions.
• You consent to Taxaccolega Chartered Accountants acting as your Authorised Corporate Service Provider (ACSP) for identity verification purposes.
• You consent to the processing, storage, and transfer of your personal data and documents in accordance with Section 4 above..

6. Governing Law & Jurisdiction
These Terms & Conditions are governed by and construed in accordance with the laws of England and Wales, and any disputes shall be subject to the exclusive jurisdiction of the courts of England and Wales.

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