Online Accountants for Car Dealers and Motor Traders

At Taxwise Accountancy, we offer dedicated online accounting and tax services for second hand car dealers, car traders, and motor traders across the UK. We are UK-qualified and experienced accountants who understand the specific challenges and HMRC compliance needs of small car traders.

Online Accountants for Car Dealers and Motor Traders

Our Car Dealers and Motor Traders Accountants Accreditations & Professional Memberships

We are proud to be associated with leading professional organizations in the accounting industry.

Fixed Transparent Pricing for Car Dealers

Why Car Dealers and Motor Traders Need Specialist Accountants

Motor trading is a high-risk sector in the eyes of HMRC. Used car dealers and traders are more likely to be selected for investigation than other types of small business due to the nature of the trade, high volumes of cash or finance transactions, and risks of under-declared income or VAT. Additionally, car dealers must comply with:

  • Enhanced record-keeping requirements from HMRC

    Motor traders are required to maintain detailed records of their transactions and financial activities as per HMRC regulations.

  • Making Tax Digital (MTD) rules

    Motor traders need to comply with the Making Tax Digital (MTD) rules introduced by HMRC for accurate and timely tax reporting.

  • VAT margin scheme (if applicable)

    If applicable, motor traders can benefit from the VAT margin scheme, which allows them to pay VAT on the difference between the buying and selling price of used vehicles.

  • Anti-Money Laundering (AML) regulations supervised by HMRC

    Motor traders are subject to Anti-Money Laundering (AML) regulations overseen by HMRC to prevent illicit financial activities.

We provide peace of mind by helping our clients meet all these obligations accurately and on time.

Our team of specialist accountants ensures that motor traders meet all their compliance obligations accurately and on time, providing them with peace of mind. 

Who We Help

  • Second Hand Car Dealers

    Manage your used car dealership effectively with our range of accounting solutions. From bookkeeping to tax planning, we have you covered. Our team of experts will help you stay on top of your finances and make informed business decisions. Discover how we can support your success today.

  • Independent Motor Traders

    Take your motor trading business to new heights with our tailored accounting services. We understand the unique challenges you face and offer solutions to help you streamline your operations, manage cash flow, and optimize profitability. Find out how our expertise can drive your success.

  • Small Car Traders

    Maximize your success as a small car trader with our specialized accounting support. Our team will assist you in managing your finances, tracking expenses, and ensuring compliance with tax regulations. Let us handle the numbers so you can focus on growing your business.

  • Limited Company Car Dealers

    Ensure compliance and financial stability for your limited company car dealership. Our accounting services are designed to help you navigate complex tax regulations, manage payroll, and optimize your financial performance. Discover how we can support your business growth.

  • Online Motor Retailers

    Optimize your online motor retail business with our expert accounting solutions. We offer comprehensive services to help you manage inventory, track sales, and analyze financial data. Let us be your trusted partner in driving your online business forward.

  • Start-Up Motor Traders

    Get the right financial guidance for your start-up motor trading venture. Our team of experts will help you set up your accounting systems, create financial projections, and navigate the challenges of starting a new business. Start your journey to success with our support.

Our Accounting and Tax Services for Motor Traders

We provide a full package of digital, online accounting and tax support for your motor trade business

  • Year-end accounts preparation and submission

    We ensure your year-end accounts are prepared and submitted accurately and on time.

  • Corporation Tax return (CT600) preparation and submission

    Our experts handle the preparation and submission of your Corporation Tax return.

  • Weekly bookkeeping and transaction updates

    We provide weekly updates on your bookkeeping and transactions to keep you informed.

  • Weekly stock book update and inventory Management

    We ensure your stock book is updated weekly and inventory is reconciled.

  • VAT registration and VAT return preparation

    We assist with VAT registration and prepare your VAT returns.

  • Management of VAT margin scheme

    We manage your VAT margin scheme if applicable.

  • Making Tax Digital (MTD) compliance

    We ensure your business is compliant with Making Tax Digital (MTD) regulations.

  • Payroll and pension administration

    We handle your payroll and pension administration tasks.

  • Director personal tax return

    We prepare and submit the director's personal tax return.

  • Director tax planning and advice

    We provide tax planning advice for directors.

  • Confirmation statements to Companies House

    We prepare and submit your confirmation statements to Companies House.

  • Quarterly management accounts and profitability reports

    We prepare quarterly management accounts and profitability reports.

  • HMRC investigation support and audit readiness

    We provide support for HMRC investigations and ensure your business is audit-ready.

  • Money laundering regulation compliance and due diligence checks

    We ensure your business complies with money laundering regulations and conduct due diligence checks.

Get Started Today

Looking for trusted online accountants for 2nd hand car dealers and motor traders? Taxwise Accountancy offers specialist accounting and tax support tailored to your trade.

Get in touch today to arrange a free consultation and see how we can help streamline your business and keep you compliant.

Submission Successful

The form has been successfully submitted. One of our accountants will get back to you as soon as possbile.

Cookie 🍪
We use cookies to improve your experience on our site.