Amazon accounting is extremely complicated with many traders using the net amount paid to them as their sales figure, which inevitably ends up with tax investigations. The Amazon report summaries are very confusing, none of which seem to tally back to the amount paid into the bank account, if you are using date range reports […]

One of the biggest mistakes Amazon traders are making, is spending far too much time on bookkeeping, instead of driving their business. The complexity of the Amazon summary sheets can cause all sorts of problems for business owners. You need to have the confidence that every transaction has been recorded correctly and feeds through from […]

Since Brexit, trading via Amazon has been made even more complicated with the new treatment of VAT. In 2020, 92% of businesses did not pay the correct amount of taxes and some didn’t pay any at all! So what do you need to look out for? You need to know where you are buying your […]

With the 6th April fast approaching, when the new off payroll working rules come into effect, we wanted to highlight the options you still have;   You might be in a position where your agency or client have not done their due diligence or completed a proper assessment of your role, regarding the IR35 status. […]

    Changes to IR35 in April 2020 and how to protect yourself as a contractor.  

From April 2019, most VAT registered businesses with a turnover above £85,000 must keep their VAT records digitally and use Making Tax Digital compatible software to submit their VAT Returns. We explain what you need to do.

With Metro Bank being one of the fastest growing banks in the UK, we have pleasure in announcing preferential rates for any of our clients. Find out more about the benefits we can offer such as ongoing free banking and automated bank feeds.

Did you know that HRMC provides exemptions from tax and National Insurance on limited company Christmas parties for employees? Find out what you need to do to take advantage.

The Budget, what it really means It’s hard to follow the budget with full attention…let’s be honest, it resembles a late night brawl in a pub at points with all the incoherent moaning and heckling but here’s the most important things we think you should know about. IR35 We’ve been waiting with bated breath to […]