News
What Is Business Planning?
Thousands of e-commerce businesses spring up every year. But the sector is not immune from the failure rates seen in other sectors. So many great ideas that, each year, fail to reach their potential. One of the biggest causes of failure is a lack of business planning....
Do Amazon Pay Tax in the UK?
As one of the world's largest e-commerce companies, Amazon's tax practices have come under intense scrutiny in recent years. This is particularly true in the UK, where the company's tax contributions have been a subject of heated debate. Let's delve into the complex...
Do I Need Accountant for Shopify?
Running a Shopify store can be an exhilarating venture, but it also comes with its fair share of financial responsibilities. As your e-commerce business grows, you might find yourself wondering whether it's time to bring in professional help to manage your finances....
Do I Need to Register My Online Business in the UK?
Starting an online business in the UK can be an exciting venture, but it's crucial to understand the legal requirements surrounding business registration. This guide will walk you through the essentials of registering your online business in the UK, helping you make...
Selling an Ecommerce Business
Are you considering selling your ecommerce business? Whether you're looking to cash in on your hard work or move on to new ventures, selling an online business can be a complex process. In this comprehensive guide, we'll walk you through the key steps to ensure you...
Dropshipping Tax in the UK
As the e-commerce landscape continues to evolve, dropshipping has emerged as a popular business model for entrepreneurs looking to enter the online retail space. However, navigating the complexities of UK tax regulations can be challenging for dropshippers. In this...
Step By Step Guide On How to Register With HMRC
Registering with Her Majesty's Revenue and Customs (HMRC) is a crucial step for individuals and businesses in the UK. This guide will walk you through the process, ensuring your set up correctly to manage your tax affairs. Step 1: Determine Your Need to Register...
Reclaiming VAT on eBay Purchases
For e-commerce business owners, reclaiming VAT on eBay purchases can significantly impact your bottom line. This guide will walk you through the process of reclaiming VAT, helping you maximise your tax savings and boost your business's financial health. Step-by-step...
Managing Inventory to Improve Cashflow
It has always been important for e-commerce businesses to manage their inventory, but Amazon’s change to the way that fees are invoiced, which now include VAT, brings that into even sharper focus. Reducing inventory has a number of advantages: Better Cash Flow: the...
Is There VAT on Amazon Prime in the UK?
Quite simply, yes. It is subject to the standard rate of VAT of 20%. Can I reclaim VAT on My Amazon Prime Subscription? Since a Prime subscription is subject to VAT, the same criteria would apply that applies to any other business expense. A business that has a UK VAT...
What is Amazon FBA UK?
FAB stands for “Fulfilment by Amazon”. Using Amazon FBA services enables businesses to store inventory and fulfil orders without having to own/rent their own warehouses and fulfil orders themselves. Amazon seller's responsibilities are to ensure that inventory is kept...
VAT on eBay
What Is VAT? Value Added Tax (“VAT”) is a consumer tax in the UK and EU. VAT is imposed at each stage of the supply chain. As a business, you can claim back any VAT you pay your suppliers on your costs. However, you must add VAT to your sales prices and collect and...