About 50% of Amazon’s 2019 total revenue came from their third-party seller program. More and more businesses are setting up shop on the platform to take advantage of Amazon’s trusted brand, class-leading logistics technology, and enormous traffic. This means the competition among Amazon Fulfillment by Amazon (FBA) sellers is not only stiff, but it will…

Running an eCommerce business is challenging and has several moving parts that are difficult to optimise. With the help of an accounting firm such as Infinity22, it’s possible to see impressive results and feel confident with how the company is growing. We are experienced, well-trained, and have credible knowledge when it comes to accounting in…

Starting your very own online business is an exciting affair for any entrepreneur. With an ecommerce store, your products and services will be available to your customers all day and night, as well as all year-round. You will also have the opportunity to expand your customer base from locals to international customers if you so…

VAT is applicable on the sale of the majority of the goods in the UK. Currently, the VAT rate is 20% on most of the goods that you sell on Amazon. But there are a few types of items that have 5% or even 0% VAT. Any business that has revenue of more than £85,000…

Xero is undoubtedly one of the best online accounting software applications that exist right now. It not only gives you a clear financial overview but also helps to set a budget for marketing and advertisement costs, provides approximate ROI on marketing, and even budget your sales. This software is so advanced that it considers international…

The UK government has come up with a new VAT system for overseas goods. These changes will ensure that the UK treats both EU and non-EU countries equally and UK businesses do not face any disadvantages to competing with VAT-free imports. Additionally, the new system will also improve the efficiency of VAT on imported products.…

On December 31, 2020, the United Kingdom finalized its plan to depart from the European Union after months of negotiations to define the future relationship between the UK and the EU. From tariffs to free trade deals, many changes will happen with Britain’s economic and social policies after the country’s departure from the EU. These…

The HM Revenue & Customs in the UK has developed a new VAT treatment system for overseas sellers. Here are some of the highlights of the rule changes applicable from 1st January 2021. • The £15 Low Value Consignment Relief that existed even until last year won’t be applicable anymore. Overseas sellers must pay VAT…

When you are selling products and services on Amazon, it can be difficult to understand all the ins and outs of the Amazon platform and it may be difficult to keep all of the information organized. For this reason, you may need an accountant that specializes in Amazon so that you are ahead of the…

In today’s world, you need to have the best online presence possible in order to compete. Many people are using Amazon for their advertising campaigns, but this means they also need to learn how to do their accounting in a way that is based on the Amazon model. For many, this is very difficult to…