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          Running a Shopify store in the UK is an exciting opportunity, but along with sales and growth comes the responsibility of proper bookkeeping. Whether you're just getting started or scaling your online business, understanding bookkeeping for Shopify is essential for staying compliant, profitable, and financially in control.

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          As a small business owner, staying on top of important tax deadlines is crucial to avoid penalties and ensure your operations run smoothly. May 2025 brings several key tax dates that all UK businesses must be aware of, from Corporation Tax returns to VAT payments and employee tax forms.

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          When starting a business or becoming self-employed in the UK, there are plenty of forms and numbers you need to keep track of. One of the most important identifiers you’ll encounter is the Unique Taxpayer Reference (UTR) number.

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About Ian Jipps

This author has not written his bio yet.
But we are proud to say that Ian Jipps contributed 37 entries already.

Entries by Ian Jipps

What is Business Equity?

5th February 2025/in Business, Running a business/by Ian Jipps

Understanding business equity is key to making informed financial decisions and ensuring the long-term success of your company. At Accounting Wise, we break down this essential concept to help you navigate the world of business finance.

What expenses can I claim as a Sole Trader?

20th December 2024/in Expenses, Running a business/by Ian Jipps

Discover the business expenses you can claim as a sole trader. From mileage and office supplies to accommodation and training, find out how to reduce your taxable profit

How to set up a limited company – we make it easy

21st March 2024/in Business, Limited Company/by Ian Jipps

We show you how to set up a limited company. Define your brand, own everything you do, and run your business in the most tax-efficient way.

Can Clothes Be Claimed for as a Business Expense?

14th March 2024/in Business, Hot Topics, Limited Company, Running a business, Self Employed, Tax/by Ian Jipps

Tax and expenses can be confusing at the best of times, especially when working out what counts as an allowable business expense!

UK Dividend Tax Explained: Step-By-Step Guide

13th March 2024/in Business, Limited Company, Running a business, Tax/by Ian Jipps

Dividends are payments made to company shareholders from the profits of a company after Corporation Tax has been accounted for.

How to Set Up Your Personal Tax Account With HMRC

10th March 2024/in Business, Limited Company, Running a business, Self Employed, Tax/by Ian Jipps

In this comprehensive guide, we will walk you through the process of how to set up a personal tax account, ensuring that you have all the necessary information at your fingertips to manage your taxes with ease and confidence.

Do I have to complete a Self Assessment tax return?

6th March 2024/in Self Employed, Tax/by Ian Jipps

Amongst all of the legal documentation that your business needs to operate successfully and within the law, a self assessment is one of the most important.

What is a government gateway ID and where to find it

5th March 2024/in Business, Limited Company, News, Running a business, Self Employed, Tax/by Ian Jipps

We’ve delve into the ins and outs of a government gateway ID so you have all the information covered if you ever need to set one up or what to do in the event that you lose it.

How to Register as a Sole Trader

3rd August 2021/in Business, Self Employed, Tax/by Ian Jipps

One of the first decisions to make when registering as a sole trader is choosing between the pros and cons of different business structures. If you’ve decided to become a sole trader, that’s already progress!

What is a Sole Trader Business?

19th May 2020/in Business, Hot Topics, Knowledge, Running a business, Self Employed/by Ian Jipps

What is a sole trader? As the term suggests, when operating as a sole trader you’re running your business as an individual. Being a sole trader merely means that there’s no legal distinction between the owner and the business.

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Who we help

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What we help with

  • Free Company Formation
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  • Accounts Preparation
  • Bookkeeping
  • VAT Returns
  • R&D Tax Credits
  • Payroll (PAYE)
  • Free Accounting Software
  • Construction Industry Scheme CIS Returns
  • Accounting Software
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  • Register a Limited Company
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  • Transfer of Shares
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Resources

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Pricing

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Accounting Wise is a trading style of Accounting Wise Ltd, a limited company registered in England under company number 09365202. Our registered office is: The Carriages, Station Road, Ware, SG12 9PL UK.

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