As an online trader who sells on online marketplaces, you may be familiar with the differences between eBay and Amazon – eBay is better suited for individuals and sole traders, and Amazon is a platform oriented towards third-party sellers and small businesses. That said, this is not the only difference between these two, as there …
Continue reading “eBay Sellers: The £1,000 Tax-Free Allowance You May Not Know About”
The Fulfilment House Due Diligence Scheme was introduced on 1 April 2018 by the UK Government in order to prevent sellers from outside the EU committing fraud when storing their goods in UK warehouses. It is common for sellers based outside of the European Union to make online sales to customers in the UK, and …
In our previous article we discussed how it is important for your business to optimise its online platforms so that you can stay ahead in the E-Commerce game, and presented 3 E-Commerce trends that are predicted to be popular this year. Here is Part 2 of Popular E-commerce Trends to Start Following In 2019, in …
Continue reading “Popular E-Commerce Trends to Start Following In 2019 (Part 2)”
The E-Commerce landscape is always changing, and as it is growing every year, more and more businesses are selling their products and services online. More businesses mean more competition, and it is important to optimise your own online platforms so that you can stay ahead in the E-Commerce game. Here is Part 1 of Popular …
Continue reading “Popular E-Commerce Trends to Start Following In 2019 (Part 1)”
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 …
Continue reading “R&D Tax Relief – Is your company eligible?”
What are PSD2 and SCA? On 14 September 2019, the Payments Service Directive 2 (PSD2) will come into effect. This is a new regulation that was passed by the EU in 2015, designed to make online payments more secure for both the merchant and the customer. The directive enables consumers and businesses to use third-party …
Continue reading “PSD2 and Strong Customer Authentication (SCA) – How will they affect me?”
UK Businesses big and small have demonstrated that they won’t let the uncertainty of Brexit phase them too much, and this is evident from the recent boost in the UK Economy which was reported by The Office For National Statistics (ONS). The statistics authority has revealed that despite the uncertainty of Brexit and the worry …
Continue reading “UK Businesses Boost Economy By Stockpiling”
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 …
Continue reading “Making Tax Digital: 1 Million Businesses Still Left To Comply”
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 …
Continue reading “Tax Year 2019-2020: How To Prepare Your Business”
As discussed in our previous article, the EU has now granted the UK until the 12th April to seek a further extension or leave the EU without a deal. If your business trades with EU countries and we leave without a deal, you will need to follow the same processes that apply when trading with …
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