Efficient Business Closure

Efficient Business Closure and Compliance for an E-Commerce Owner

Client

Jonty, an E-commerce Business Owner

Challenge

Starting an e-commerce company in Ireland, Jonty struggled with daily bookkeeping, VAT reporting, and timely tax file management, along with the operations. Jonty chose to move to Australia and stop running the company after two years of struggling profitability. He had to take care of various financial disparities and outstanding taxes before calling the business closed.

Solution

Forti Accountants took over Jonty’s financial management and assisted with the following actions:

Bookkeeping Corrections:

We reviewed and corrected Jonty’s QuickBooks records, reconciling discrepancies in bank transactions and correcting misclassified entries.  

VAT Compliance:

We identified and rectified discrepancies in VAT calculations, particularly concerning cross-border sales through Amazon.

Balance Sheet Adjustments

We carried out a comprehensive review and adjustment of balance sheet items such as accounts receivable, accounts payable, and inventory.

Company Closure

We guided Jonty through the steps to cease the business, including the preparation of final financial reports and handling VAT deregistration.
Efficient Business Closure and Compliance for an E-Commerce Owner_

Results

Why Us?

Transparent Pricing

Transparent pricing with no hidden fees

We Promise

We promise to respond to your queries within 48 hours.

Dedicated & Qualified

Dedicated and qualified bookkeepers and accountants.

Comprehensive compliance

Comprehensive compliance services for all your business needs.

Tailored solutions

Tailored solutions for business closure and tax obligations.

Still have questions? 

If you’re facing financial and tax challenges or need support with business closure, Forti Accountants is here to help! Contact us today to ensure your bookkeeping and compliance are in good hands.

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