Startups in Manchester

Manchester has strengths in digital, media, e-commerce and professional services. GC Business Growth Hub can help with local grants and advice, and our funding page explains how we help you get ready for a loan, a grant or investment.

How should Manchester e-commerce and media businesses handle their books?

Manchester's strengths in digital, media and e-commerce make two areas especially important. Sellers on Amazon, Etsy, eBay, Shopify and TikTok Shop need to reconcile marketplace reports with their books. Gross sales, platform fees, refunds and, for sales to consumers in the EU, VAT under the EU One Stop Shop schemes are separate figures, and the payout that reaches your bank is a net amount. Closing stock has to be counted and valued at each year end, or the profit and the tax figures will be wrong. In media, income from short freelance engagements arrives unevenly, but payments on account fall due on 31 January and 31 July whatever you earn, so we forecast them from the first month.