Mastering UK Tax for Ecommerce With Ben Sztejka (Episode 92)
Description
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Get your tax and accountancy questions answered by Ben and his team ➡️ https://yourecommerceaccountant.co.uk/AMA24
🗣In this episode of the Dropship Unlocked Podcast, hosts Lewis Smith and James Eardley welcome back Ben Sztejka, the founder of Your Ecommerce Accountant.
Ben shares his expert knowledge on mastering UK tax for ecommerce businesses, offering essential tips and insights for entrepreneurs navigating the tax landscape.
👉 Prefer to watch this on Youtube? Check it out here ➡️ https://youtu.be/HApcED9aGsQ
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Topics Discussed:
★ Understanding the Tax Landscape for Ecommerce: Key taxes for UK limited company directors in ecommerce. Importance of knowing tax obligations from the start.
★ The Role of an Accountant in Early Stages: Recommendations for when to bring an accountant on board. Benefits of early financial guidance for new businesses.
★ Timing for Corporation Tax Registration: Appropriate timing for registering for corporation tax after setting up a limited company. Steps to ensure timely compliance with tax authorities.
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Links and Resources Mentioned:
Our previous episode with Ben: https://www.youtube.com/watch?v=38g6FUwmAfs
Pick up a copy of Lewis’ book: https://htabook.com
Get Shopify for £1 a month for 3 months: https://www.dropshipunlocked.com/shopify
Get a free trial with a professional phone line: https://www.dropshipunlocked.com/circle
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Key Takeaways:
★ Know Your Tax Obligations: Understanding key taxes and obligations is crucial for UK ecommerce business owners to avoid penalties and ensure smooth operations.
★ Early Accountant Engagement: Bringing an accountant on board early can provide valuable guidance and help set a strong financial foundation.
★ Timely Corporation Tax Registration: Register for corporation tax promptly after setting up a limited company to stay compliant and avoid legal issues.
★ Simplify Tax Responsibilities: Leveraging expert advice and tools can help ecommerce business owners manage their tax responsibilities efficiently and focus on growing their business.
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