Accountants

for jewellers

Tech-savvy accounting firm serving the UK jewellery industry.

icaew member att xero platinum
Book a meeting
Accountants for Jewelers

The jewellery and fashion accessories industry remains a very competitive and trendy market to start a business.

It is also a sector that enables talented designers and artists with an entrepreneurial outlook to utilise their creativity and craftsmanship. It can also be a perfect venture to start part-time as many jewellery firms can be launched on a relatively low budget.

Having realised your dream of setting up your business and now starting to make some great sales, you will have to start thinking about the accounting and financial aspects in much more detail so you can continue to thrive.

Your Jewelry business accountant (2)
Your Jewelry business accountant

Your jewellery business accountant

So, when is the best time to invest in an accountant?

Although managing your accounts on your own could potentially keep the costs down and mean you are in total control of your finances, it could also leave you feeling tired and stressed, which may lead to you missing critical accounting deadlines.

Our team specialises in the challenges and opportunities the jewellery sector has to offer and provides reliable and professional bookkeeping and accounting services so you can maintain your financial records and run your business successfully.

In doing so, you have more time to enjoy what you do best, being creative, designing goods your customers are looking to buy and following up potential leads.

The practical accountancy
advice we offer

We understand the pressures and issues facing the fashion accessories and fine jewellery industry as a whole. We help contractors, freelancers, small businesses, and sole traders with their accounting needs. Our expert team will support you with tax, payroll, and company formation questions.

You have so many competing priorities that keeping up with the admin is difficult. Our experts know that every business has unique needs, so we tailor our services to yours.

We can adapt our service to your changing needs, ensuring you have the support and backup you need when you need it. We are dedicated to assisting you in understanding your finances.
Is being a Sole Trader best for my business

Is being a Sole Trader best for my business?

Is being a Limited Company best for my business

Is being a Limited Company best for my business?

Offer Payroll & Bookkeeping streamlining services

Offer Payroll & Bookkeeping streamlining services

Business planning to improve your shop’s financial performance

Business planning to improve your shop’s financial performance

Get in touch!
Cost-effective accounting and tax advice for the jewellery sector

Quotes

Why our clients
love us

Fusion services

We provide a comprehensive range of accounting and tax services to help launch your new jewellery venture.

Fusion Accountants Partners 2 New

Our accounting software partners

Our affordable packages include complete tax and accounting support by matching your jewellery business to the best accounting software package for your needs. Using Xero, Freeagent or QuickBooks to run your business will make managing cash flow, VAT, tax compliance, company formation and bookkeeping much more manageable.

Invoices, expenses, and a real-time view of your accounts will help you grow faster – anytime, anywhere! Are you using cloud accounting software for the first time? No problem. We provide free setup and training to get you up to speed.

Why choose us

dedicated accountant for all our Sole Trader

Dedicated accountant

Everything we do is driven by our clients' needs. Your dedicated client manager will get to know your company and assist with accounting.

Qualified & accredited accountants

Accredited accountant

All of our client managers have been certified and accredited by Xero, Quickbooks, and FreeAgent - our accounting software providers, so you are in the best possible hands.

ICAEW-ATT-accredited accountants

ICAEW & ATT registered

As registered and regulated by the Institute of Chartered Accountants in England & Wales (ICAEW) and the Association of Taxation Technicians (ATT), our qualified and committed staff offer professional business guidance.

Transparency

Transparency

We will never surprise you with a tax bill you were not expecting. Our all-inclusive low-cost monthly fees ensure that there are never any unpleasant surprises.

Forward thinking

Forward thinking

We love bringing clients the latest technology and apps to streamline processes, improve cash flow & become more efficient through automation.

Value add service

Value add service

We are constantly working to improve our accountancy service to help you improve your financial situation, including software for cash flow forecasting, legal services, and contractor insurance.

Meet our
jewellery accountant

Rima Abou

Rima Abou

Client accountant

“Hi there, I am a Client Accountant here at Fusion Accountants handling a portfolio of small to medium size entities across a range of industries including, Hospitality, IT consultancy, Manufacturing, Construction (CIS) and E-commerce.

Working closely with my clients and understanding their business is key when it comes to delivering value-add account reporting that is aimed to provide the business with the tool to make key decisions.

I will be able to help you with the following:
  • Historical trading
  • Forecasts, cashflow & financial health
  • Key performance indicators
  • Cost analysis
  • Management accounting service

“Outside work, I enjoy cooking international dishes, spending quality time with my husband and three children.”

Follow Us:

FAQ 's

faq

There is a possibility you may have to pay Capital Gains Tax if you make a profit when you sell (dispose of) a personal possession for £6,000 or more.

HMRC set up a Trading Allowance that enables you to earn up to £1,000 in online sales-tax-free without informing HMRC. Visit eBay’s website for more guidance.

VAT is 20% EG: so the VAT charged on a total value of £1000 will be £200). Remember that HMRC customs will also add 20% VAT onto the duty charges); this is because you must first “classify” your goods using the UK trade tariff to calculate duty.

Jewellery can be an incredibly lucrative market, with costs per item far higher than that of costume/fashion alternatives. While fine jewellery accounts for a more significant proportion of sales than all others, it also entails high start-up costs.

Many pricing models can charge x2.5 times your material and packaging costs. Then add on your hourly wage, as well as 10% for your overhead and unanticipated costs. If you are selling wholesale, you may need to multiply your material costs by at least 4 to ensure you do not lose out on money.

Starting a jewellery business is the best way to get your work out there and forge new connections with like-minded clients. But, like any business start-up, it is mostly a matter of time, effort, perseverance (and a few technicalities, too).

What our customers say