You don't look for a tennis coach if you want to be the next David Beckham or Lionel Messi. If you want to be one of the top eBay sellers, you need to work with specialist eBay accountants who know exactly how to support and grow your online business. The eBay marketplace is demanding. If you aren't all over your eBay accounting, you run the risk of making expensive mistakes, declining eBay sales and falling out of love with your business. Let's stop that possibility in its tracks today.
eBay sellers are innovators. They can spot a great opportunity, like an eagle hunting its prey. But it can be too easy to let the mundane finance tasks like invoicing, filing receipts and chasing payments stack up. Why not use eBay accounting services to manage all the fiddly little details of your eCommerce business so you can focus on growth and profitability?
Anyone who sells anything on eBay is considered an eBay seller. There are a few different types of sellers:
All eBay sellers, including hobbyists, individuals and part-time sellers, are obliged to register with HMRC and submit annual self-assessment tax returns once their annual profits exceed £1,000. At that point, if you are selling consistently and with the intention of making a profit, you are considered a small business for tax purposes, so it might be time to find an accountant.
Unicorn's eCommerce accounting services are wide-ranging. As expert eBay accountants, we can offer valuable insights on the end-to-end processes of online sales that other accountants cannot provide. You don't know what you don't know, but we're here to hold your hand and provide support for your eBay business journey. Here are some of the accounting services we offer to help you with your eBay accounts:
eBay accountants can simplify everything, reducing overwhelm and the risk of incorrect reporting to HMRC, leading to penalties. At Unicorn Accountants, we are a friendly team of experienced bookkeepers and chartered accountants, so you can sleep easy knowing your growing business is in the best hands.
Call us on 020 8064 0454 or book a discovery call to discuss our eBay accountancy services and make your eBay accounting problems a thing of the past.
Join the many eCommerce businesses who trust Unicorn Accountants to make their finances and life easier. Contact us for a free consultation to discuss your accounting needs and how we can help you achieve your goals. There's no pressure: just a chance to chat and see if we're a good fit.
As of 1 January 2024, HMRC requires eBay to report seller sales data if the eBay business makes more than 30 transactions or sales over €2,000 (about £1,735) annually.
If you make sales under £1,000 per year, the UK 'trading allowance', you do not have to register as self-employed, so you can continue to recycle your vintage clothing or offload your book collection without worrying about tax obligations.
Selling on eBay is the same as selling anywhere else in the UK. If you make more income than your personal tax-free allowance of £12,570, you will have a tax bill to pay.