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 …
Tag Archives: small business
R&D Tax Relief – Is your company eligible?
What is R&D Tax Relief? R&D Tax Relief is the term used to describe when companies are awarded R&D Tax Credits. “R&D” stands for “Research & Development” in R&D Tax Credits. These particular tax credits are special in the sense that they are designed to reward innovation and fuel growth. For businesses that invest in …
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Making Tax Digital: 1 Million Businesses Still Left To Comply
Although the government initiative Making Tax Digital is now live, it is estimated that around 1 million businesses still need to sign up. Approximately only 70,000 businesses have now registered, which is 4% of all UK businesses. A Freedom of Information Request submitted to HMRC by cashflow forecasting software firm Float has revealed that approximately …
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Tax Year 2019-2020: How To Prepare Your Business
April can be a daunting time for many small-to-medium businesses, with the end of the current tax year and the start of a new one. New tax rates and thresholds have to be taken into account, and it can be difficult for businesses to prepare for all of these changes on top of making sure …
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No-Deal Brexit: How your business needs to prepare if you trade with the EU
On 14th March there was a majority vote to delay Brexit, and delay leaving the EU on the 29th March. The EU has now granted the UK 3 weeks to seek a further extension or leave without a deal on 12th April, meaning that there is a limited time for businesses to prepare in the …
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Spring Statement 2019 – What Are The Key Points, And Will Your Taxes Be Affected?
Yesterday, Chancellor Philip Hammond delivered his Spring Statement – here are the main points given in the Statement regarding the economy and how these changes could potentially affect taxpayers. Key Points Economic growth UK gross domestic product (GDP) is set to grow by 1.2% in 2019 Then 1.4% in 2020, and 1.6% in the following …
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An Introduction To Making Tax Digital
You have probably heard about how Making Tax Digital (MTD) is going live in April – as HMRC is quickly becoming one of the most digitally advanced tax administrations in the World, more individuals and small businesses are getting ready to submit their VAT tax returns using online software from 1 April 2019. So how …
J&P Accountants: Blog 