Accounting and Business Advisory Services for Ecommerce

Ecommerce is a fast-growing and exciting sector of the Australian economy. As an ecommerce business owner, you have many opportunities to reach new customers and markets. But you also have many challenges and complexities to deal with. You need to manage your inventory, shipping, online payments, taxes, and more. You need an accounting and business advisor who understands your industry and can help you succeed.

That’s why you need MDB Taxation & Business Advisors. We are a leading accounting and business advisory firm in Australia, specialising in helping ecommerce businesses achieve their goals. We offer a range of services tailored to your needs, including:

Tax Planning and Compliance

We can help you minimise your tax liability and maximise your tax benefits. We can help you with tax returns, BAS, GST, PAYG, FBT, etc. We can also help you with tax planning strategies, such as structuring, asset protection, deductions, etc.

We can also help you comply with the tricky GST rules that apply to your industry. GST is a complex area for ecommerce businesses, as it depends on various factors such as the value of the goods, the place of supply, the type of transaction, etc. We can help you understand your GST obligations and avoid any penalties or disputes.

Business Growth and Development

We can help you grow your business and increase your market share. We can help you with business planning, marketing, branding, sales, etc. We can also help you with business development strategies, such as mergers, acquisitions, joint ventures, etc.

We can also help you save money on cross-border payments by providing you with the best options for international transactions. Cross-border payments can be expensive and complicated due to fees, exchange rates, regulations, etc. We can help you find the best solutions for your needs, such as:

  • Virtual cards: These are online cards that allow you to make payments in multiple currencies without opening bank accounts in different countries.
    Cryptocurrencies: These are digital currencies that offer lower fees and faster transactions for international payments.
  • Multicurrency accounts: These are bank accounts that hold balances in multiple currencies so that you can send or receive money in any currency without conversion fees.
  • International debit cards: These are cards that allow you to make payments in any currency around the world without conversion fees.

We can also help you access government grants and assistance programs that can support your growth and innovation. There are many grants and programs available for ecommerce businesses in Australia, especially in the six National Manufacturing Priorities: Defence; Food and Beverage; Medical Products; Recycling and Clean Energy; Resources Technology and Critical Minerals Processing; and Space.

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We partner with experts who can help you write grant applications and access funding for your projects. Some of the grants and programs that we can help you with are:

  • Export Market Development Grants: These grants reimburse up to 50% of eligible export promotion expenses above $5,000.
  • Export Finance Australia: This is the government’s export credit agency that provides loans, guarantees, bonds, and insurance to support Australian exporters.
  • Australian Trade and Investment Commission: This is the government’s trade and investment promotion agency that provides market information, advice, contacts, and support to Australian exporters.
  • Free Trade Agreements: These are agreements between Australia and other countries that reduce or eliminate barriers to trade and investment.

Business Advisory and Consulting

We can help you improve your business performance and profitability. We can help you with financial analysis, budgeting, forecasting, cash flow management, etc. We can also help you with business advisory and consulting services, such as risk management, succession planning, exit planning, etc.

We can also help you improve your operational efficiency and quality. We can help you with process improvement consulting, lean ecommerce principles, supply chain management, inventory control, waste reduction, etc.

We can also help you integrate various ecommerce platforms into Xero. Xero is a cloud-based accounting software that allows you to manage your finances from anywhere. By integrating your ecommerce platforms into Xero, you can:

  • Sync your sales data automatically
  • Track your inventory levels in real time
  • Manage your orders and invoices easily
  • Reconcile your bank transactions quickly
  • Generate reports and insights on your business performance

We can help you integrate various ecommerce platforms into Xero such as Shopify, Amazon, Ebay, Etsy etc.

Why Choose MDB Taxation & Business Advisors?

MDB Taxation & Business Advisors is more than just an accounting and business advisory firm. We are your trusted partner who cares about your success. We have the expertise and experience to help you run a smooth and successful ecommerce business.