E-commerce Accountants · Scotland
E-commerce accountants in Hamilton
Selling online from Hamilton produces more accounting events per pound of turnover than almost any other business: fees, refunds, reserves, currency conversions, VAT collected by the marketplace on some sales and by you on others. We reconcile all of it from the channel reports every month and keep the VAT right. Fixed monthly fee, agreed in writing.
from £79/mo · fixed, per month
Next deadlines
- VAT return and payment for the quarter that ended last month
- VAT return and payment for the quarter that ended last month
- VAT return and payment for the quarter that ended last month
- Online Self Assessment filing deadline and balancing payment due
Who this is for
E-commerce Accountants for Hamilton
Online sellers in Hamilton: marketplace traders on one or several platforms, brands selling through their own store, dropshippers, subscription box businesses, sellers importing stock from overseas, UK sellers with EU or international customers, and businesses approaching or past the £90,000 VAT threshold who need the registration and returns handled correctly.
What is included
Everything inside the fixed fee
- Sales, fees, refunds and payouts reconciled per channel from marketplace and payment-processor reports
- VAT handled correctly for UK sales, marketplace-collected VAT, imports, EU and overseas customers
- Inventory accounting with cost of sales and stock valuation in the top package
- Cloud software integrated with your channels so transactions post automatically
- Annual accounts and Corporation Tax or Self Assessment, with the figures tying back to channel reports
- Marketplace VAT health check: a one-off review of your registrations and settings against the rules
How it works
E-commerce Accountants from Hamilton, step by step
Scope the job
We find out what you need filed, when it is due and what state the records are in, and tell you which fixed-fee package applies.
Agree the price
The fee is confirmed in writing. There is no hourly billing and nothing added for questions during the work.
Hand over the records
Photographs, PDFs, software access or a spreadsheet, sent however suits you. We confirm what we have and what is missing within two working days.
Approve, then we submit
You review the draft with our explanation, sign off, and we file. Receipts, copies and the next deadlines come back to you immediately.
Why IGI
Why Hamilton businesses file with IGI
No hourly rate and no surprise invoice. Hamilton clients know the fee for e-commerce accountants before they send a single document, and it stays fixed.
Deadline-first: the dates that matter for e-commerce accountants are shown at the top of this page, diarised for every Hamilton client and chased before they arrive.
Online only, UK based. There is no office in Hamilton to pay for, which is why the fee is the same here as anywhere in Scotland; the work is done by people in the UK who answer the same day.
You get one contact for e-commerce accountants, not a queue. Hamilton clients message the same person throughout and get an answer in working hours, usually within a few hours.
We explain e-commerce accountants in the words Hamilton business owners use, not in accountant's shorthand, and we show our working so you can check it.
You stay in control of e-commerce accountants: drafts go to Hamilton clients first, with the figures explained, and nothing leaves us until you say so.
Local facts
About Hamilton
Hamilton is in Scotland, in the ML3 postcode district, Scotland. Tax in Scotland differs from the rest of the UK on earned income: six bands with a 21% intermediate rate and a 48% top rate, identified by an S prefix on the tax code. The interaction between Scottish rates on salary and UK rates on dividends makes the salary-and-dividend split for Scottish directors a distinct calculation, and Land and Buildings Transaction Tax replaces Stamp Duty.
| Place | Distance | Direction |
|---|---|---|
| Silvertonhill | 0.5 mi | S |
| Low Waters | 1 mi | S |
| Chantinghall | 1 mi | W |
| Ferniegair | 1 mi | SE |
| Braedale | 1 mi | NE |
| Fairhill | 1 mi | SW |
| Laighstonehall | 1 mi | SW |
| Eddlewood | 1 mi | S |
Worth knowing
Rules that come up in this work
Payments on account
If your Self Assessment bill exceeds £1,000 and less than 80% of your tax was collected at source, HMRC asks for two advance payments towards the following year, each half of the current bill, due 31 January and 31 July. The first year this happens the January payment is effectively one and a half times the bill. We model it in advance and show you how to reduce the payments if income is falling.
The Self Assessment calendar
The tax year runs from 6 April to 5 April. Anyone new to Self Assessment must register by 5 October after the end of the tax year in which their untaxed income began. The online return and the balancing payment are due by 31 January, with a second payment on account on 31 July where they apply. Paper returns have an earlier deadline of 31 October and are rarely sensible.
Making Tax Digital for Income Tax
The biggest change to Self Assessment in a generation is Making Tax Digital for Income Tax, now live for higher-earning sole traders and landlords and arriving for the rest in stages. Quarterly updates are due by 7 August, 7 November, 7 February and 7 May, built from digital records. The practical consequence is that spreadsheet-and-shoebox bookkeeping is ending for anyone above the threshold.
Late filing penalties
HMRC's penalties for a late Self Assessment return are automatic: £100 the day after 31 January, £10 a day from three months late up to £900, then the greater of £300 or 5% of the tax at six and twelve months. Interest and separate late-payment penalties apply to the tax itself. Companies House charges £150 to £1,500 for late accounts, doubling for a second consecutive year.
Corporation Tax rates and marginal relief
Corporation Tax is not a flat rate. Profits to £50,000 pay 19%, profits above £250,000 pay 25%, and the band between is taxed at an effective marginal rate of 26.5% through the marginal relief mechanism. Associated companies share the thresholds, which catches directors who own more than one company and is the most common cause of underpaid tax in owner-managed groups.
The VAT registration threshold
The £90,000 VAT threshold is measured over any twelve consecutive months, which is why a strong quarter can tip a business over unexpectedly. Registration must follow within thirty days of the end of the month the threshold was crossed. Below the threshold, voluntary registration is worth considering when customers are VAT-registered businesses and costs carry VAT.
Director's loan accounts
Money taken from a company has to be something: salary, dividend, expense reimbursement or loan. If it is a loan and remains outstanding nine months after the year end, the company pays tax at the dividend higher rate on it until it is repaid. Clearing the balance with a properly declared dividend before the deadline, where reserves allow, is routine year-end work.
Questions
E-commerce Accountants questions from Hamilton
Can you reconcile my payment processor as well as the marketplace?
Yes. Card processors and payment gateways on your own store are integrated so that gross sales, fees and payouts post and reconcile automatically. The fee treatment, including VAT on processor fees, is configured at setup, which is where most self-built integrations go wrong.
What is the marketplace VAT health check?
A one-off £149 review of your VAT registration, your marketplace tax settings, your treatment of imports and overseas sales, and a sample of recent returns against the rules. It produces a written report of errors found and what to do about them. Most sellers who have set things up themselves have at least one.
When do I need the inventory package?
When you hold meaningful stock. Without inventory accounting, the cost of goods purchased is expensed when bought, which distorts profit between periods and misstates the balance sheet. The £179 package tracks stock, calculates cost of sales and values closing stock, which lenders, investors and HMRC all expect from a stock-holding business.
I sell to EU customers. What VAT applies?
Since 2021 sales of goods to EU consumers are exports from the UK, zero-rated here, with EU VAT due in the customer's country. The EU's Import One Stop Shop lets you account for consignments under €150 through one registration. Above that, local registration or the customer paying on delivery. We advise on the right route for your volumes.
How are imports treated?
Import VAT is charged when goods enter the UK and can be reclaimed as input VAT if you are registered, using postponed VAT accounting so nothing is paid at the border. Customs duty depends on the goods and origin and is a cost, not reclaimable. We make sure the C79 or postponed accounting statements are matched to the return.
Who accounts for VAT on marketplace sales?
For goods sold to UK consumers through an online marketplace, the marketplace accounts for the VAT if the seller is overseas or the goods are imported in consignments up to £135. A UK seller selling UK-held goods to UK customers accounts for their own VAT. Mixed situations are common and we separate them on every return.
How do I get started from Hamilton?
Message us on WhatsApp or email with a sentence about your business and what you need. We reply in working hours with any questions and a fixed fee for e-commerce accountants. Once you confirm, we tell you exactly which records to send and the work begins. Most Hamilton clients are set up within a day.
Which deadlines matter most for e-commerce accountants?
The next four dates that apply to e-commerce accountants are shown at the top of this page, calculated from today. For Hamilton clients we diarise every one of them from the day you join and send reminders before each, so the work is done in good time rather than in the last week before a penalty.
Get a fixed quote for Hamilton today
Tell us what you need. You get one fixed fee in writing, and nothing is filed until you approve it.