Stressed by tax?
Get Earnr Pro
October 17, 2022
October 17, 2022
Self employed

When do you need an Etsy accountant?

Sofia Thompson
Sofia Thompson
Unsure if you need an accountant for your Etsy store? Here're some things you can consider to make a decision.
Earnr is the finance and tax companion for the self-employed and side hustlers. We give you more time to run your business. Download Earnr for free on iOS.

The first thing you need to know is that there’s no legal requirement to have an accountant when you run your store on Etsy. The second thing is that an accountant can make your life easier (especially if you use Earnr!). In this post, we’ll tell you when you should start using an accountant for your Etsy store.

Why should I need an accountant?

The role of an accountant is to work through your bookkeeping, making sure their correct, to produce financial forecasts and plans, financial statements and reports, and to fill your tax returns (we’re very good at it!).

Simply put, an accountant takes care of the boring bits of running an Etsy store and gives you more time for the creative and fun parts of it.

I use my own spreadsheets for this, is it wrong?

Absolutely no, but, we’ll tell you why you might consider an accountant instead.

When should I see an accountant?

If you see that your bookkeeping is taking too much of your time or that your systems aren’t right for your business, meaning that you’re unable to manage everything or you’re unsure of your results, you should see an accountant.

You don’t like the idea of having an accountant?

Luckily for you, there’s Earnr!

Earnr makes self-employed bookkeeping easy so that you can spend less time worrying about this kind of stuff and more time growing your business. You can connect your bank and Etsy account and separate your business transactions from your personal ones, track your expenses and get a real-time tax estimate so you know whether or not you need to submit a tax return.

Check it out here

Blog Home

Related blog posts

decorative image of a blog

What is IR35 and do I need to worry about it?

There are loads of different tax laws in the United Kingdom. IR35 is very important to freelancers and contractors but can be a little confusing. Here, we explain simply what IR35 is and who it can affect.

Read more
decorative image of a blog

Flat rates for mileage vs actual expenses. What is better?

Self-employed individuals can use two different methods to expense business vehicle costs. Here, we investigate the positive and negatives for both methods and which one might be right for you.

Read more
decorative image of a blog

What is the EIS and how does it work?

If you are looking to invest in small and medium sized businesses, the Enterprise Investment Scheme (EIS) provides lots of tax reliefs for doing so. Here we discuss what it is and how it works.

Read more
Earnr logoDownload earnr