In order to avoid tax fraud and increase the accuracy of VAT reporting, tax administrations around the world are adopting an electronic invoicing system which enables tax authorities to have a consistent approach to managing tax audits. This system is known as the Standard Audit File for Tax, and it is becoming an increasingly popular …
Registering for Pan-European FBA: The VAT Implications You Need to Be Aware Of
In our previous article on Pan-European FBA titled Pan-European FBA: How this Amazon service can help your business skyrocket to success, we demonstrated the advantages of using this service, and how Pan-European FBA can help to cut your fulfilment fees, simplify the distribution process and help you to attract more customers. In this article, we …
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Mid Autumn Festival – more than Moon Cake
If any of the previous articles have not quite grown on you (as you already know all of this, or as they do not apply to your business) well let’s give you a break by for once not talking about the endless topics of tax and accounting, as well as VAT compliance. Let’s talk about …
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How to deal with negative feedback
It can be disheartening receiving a negative review on your business for the first time, especially when you've invested your heart and soul into it. It can be frustrating for many business owners who feel like their hard efforts aren't being truly recognized online for those that they have helped. One thing for sure, that …
Tax Avoidance V Tax Evasion
Let’s face it. Nobody likes paying tax. It is a necessary duty we all have to perform, even if we don’t necessarily like it. So here is a thought. Can a good tax accountant help me save money? Yes, he can. And more so, he can help you stay within the law. Careful! There is …
Pan-European FBA: How this Amazon service can help your business skyrocket to success
If you are an online business and you use Fulfilment by Amazon to sell products to any of the major marketplaces in Europe (such as UK, Germany and France), you may be wondering if there are any cheaper and more efficient alternatives when selling cross-border. You will be pleased to know that the answer is …
Online Marketplaces in Europe: What are the Alternatives to Amazon and eBay?
For most E-commerce businesses who are selling to European countries, Amazon is their go-to platform for selling goods. Sole traders are more likely to use eBay. But what if you were to consider alternative marketplaces to Amazon and eBay – European platforms that are top of the E-commerce charts in the country they are based …
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Reverse Charge: How is the EU Combating VAT Fraud?
A crime only then becomes a favourite crime when it is profitable. Well, this is most certainly the case. EU member countries need to write off billions of Euros in VAT revenue each year due to fraud and inadequate tax collections systems. The loss in VAT is commonly known as the VAT gap, which is …
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VAT: The importance of being compliant
Compliancy is the practice of adhering to rules and regulations and making sure that these are met to a high standard. When it comes to VAT, it is highly important to follow VAT rules and regulations and stay compliant with them, or you could be fined or even face imprisonment. The rules of VAT vary …
Global VAT Compliance: How can J&P Help Me?
What are the first steps to take when expanding your online business so that you can start selling products in other countries? If you want to trade in Europe, how can you comply with the tax laws of the country that you are selling in? If you are an online business planning to sell products …
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J&P Accountants: Blog 