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Advantages of Cash Flow Forecast for eCommerce Businesses
In this article, we consider how having an accurate and up-to-date cash flow forecast in place for your eCommerce business can positively impact the financial success of your business. What is Cash Flow Forecasting? How does it differ for an eCommerce business? A cash...
Shopify VAT: Everything You Need To Know
Unless you are trading in the UK only with an income of less than £85,000 and are NOT dropshipping from an overseas supplier, then you will need to consider how to account for VAT on your Shopify sales. What is Shopify VAT? VAT is a tax that is levied on the sale of...
Do I Need an Accountant For a Limited Company?
In this article, we'll look at some of the key things to consider when looking at whether to appoint an accountant for your limited company. What is a Limited Company Accountant And Why Does My Business Need One? In short, do I need an accountant? An accountant is an...
Xero Shopify – A Guide to Setting up a Shopify Xero Integration
If you're an eCommerce business owner looking to build your own brand, there's a good chance that you'll have created your own website to do so. There are many different platforms on which you can build the website for your business and many different payment...
Autumn Statement Summary
Income Tax Thresholds All personal thresholds relating to income tax, national insurance and inheritance tax are frozen until April 2028, with the exception of the additional rate threshold which decreases from £150,000 to £125,140 from April 2023. Higher earners will...
Mini Budget
Last week's mini-budget was heralded as a growth plan with tax cuts across the board, although in the most part the cuts were either the cancellation of recent increases or the bringing forward of already announced cuts. The Health and Social Care Levy The Health and...
What is Postponed VAT Accounting (PVA) And How Does it Work
In this article, we will look at Postponed VAT Accounting, how it works and how it could be of benefit to your business. What is Postponed VAT Accounting? So, what is postponed VAT accounting? Postponed VAT Accounting has been available in the UK since Brexit on 1...
VAT In The Digital Age
Hot on the heels of the biggest change to VAT since its inception, there are now proposals to further reform EU VAT that have recently been in consultation. The proposals have three strands: The modernisation of VAT reporting obligations and the facilitation of...
Amazon European Fulfilment Network Opens Up New Opportunities
EU Fulfilment from the UK Amazon's recent opening up of their European Fulfilment Network ("EFN") to allow fulfilment of EU orders from the UK has created new opportunities for sellers to sell into the EU without having to deal with the complexities of cross-border...
Proposals for an Online Sales Tax
The Government issued proposals for an online sales tax earlier this year. Here we take a look at the arguments for and against and what challenges the introduction of such a tax might pose. Why Is An Online Sales Tax Needed? The coronavirus pandemic and consequent...
Benefits of Being Vat Registered: Is It Worth Being Vat Registered?
In this article, we explore the potential benefits to businesses of registering for VAT in the UK. There are many different factors to consider when registering your business for VAT. Depending on your individual circumstances, it may be that you will overall see a...
Walmart Global Seller Summit UK
As the leading provider of accountancy and taxation services to the e-commerce industry it was only natural that we found ourselves at the Walmart Global Seller Summit at the QEII Centre in London for what proved to be a highly informative day. Walmart had...