FreeAgent warning to eBay sellers and Airbnb renters

With the January 31 tax deadline fast approaching, accounting software company FreeAgent has warned anyone earning money through Airbnb, eBay, Gumtree and other websites to check their tax status before they land in hot water with HM Revenue and Customs.

FreeAgent believes that many people earning money on these sites are not aware that they need to declare the income.

Failing to pay before the January 31 self-assessment deadline will result in an automatic £100 fine. And after HMRC announced a new computer-powered crackdown on ‘sharing economy’ microbusinesses, many individuals could face further penalties for not paying tax owed.

At CloudAccountant we have a large number of clients who’s main focus is online sales via eBay, Amazon and/or their personal E-commerce website such as Shopify. With our experience, knowledge and with our tailored accountancy packages we can help you grow your business.

With our online accountancy service, our award-winning software can integrate directly into your E-bay, Amazon and online E-commerce accounts, tracking your sales, store activity and profitability.

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