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Import One Stop Shop (IOSS) for Sellers

Import One Stop Shop (IOSS)- What Sellers Need to Know The new Import One Stop Shop (IOSS) will begin on July 1st, 2021. This is because the Value Added Tax (VAT) exemption for goods importing into the EU, and under EUR 22 in value will end. If you sell goods into the EU, this could affect you. Find out all you need to know...

How to Price Your Products & Services

How to Price Your Products & Services Getting the right pricing of your product or service can be the most difficult job for business owners.  Occasionally, businesses vastly overestimate the true value of their products, but we find that we are more likely to see our clients underselling themselves.  It may be that feeling of...

IR35

IR35 – Does it Apply to You? IR35, or off-payroll working rules, was introduced by HMRC as a way of assessing whether contractors are genuinely contractors, and not actually what they call ‘disguised’ employees to avoid paying tax, such as NI contributions. A contractor working through a limited company can take advantage of several ...

Domestic Reverse Charge for Construction Industry

Domestic Reverse Charge for Construction Industry The Domestic Reverse Charge (DRC) which has been delayed twice, because of Brexit and then Covid-19, will come into effect on 1st March 2021. HMRC is hoping DRC will make it harder for fraudulent sub-contractors to charge VAT to their customers and then not declare in the returns.  Sadly, t...

Domestic Reverse Charge for Construction Industry Delayed

Domestic Reverse Charge for Construction Industry Delayed If you are in the construction industry you may have been dreading the introduction of the VAT Domestic Reverse Charge this year.  On top of the fears over Brexit and now, of course, the massive hit the economy has taken from the coronavirus crisis, the introduction of anot...

Outsourcing The Pros and Cons

Outsourcing for Your Business Outsourcing could be exactly the right solution for many businesses right now. On the one hand, businesses are facing the challenge of “pivoting” their business to survive the Covid recession.   On the other financial resources are more stretched than ever. So adding new tasks or services will be daunting. The...

Why you need a scalable business model

Why You Need a Scalable Business Model Why should you need a scalable business model? Nobody starts a business to see it crashing  after a couple of years.  Nor does any excited entrepreneur dream that their business will stay small forever or that they will have to throw in the towel when a recession hits. Of course not.  Ev...

Protect your Business from Cyber-Attacks

Protect your Business from Cyber-Attacks Cyber-attacks and security have been prominent in the news lately, and though these high-profile stories may have nothing to do with your business, the threat to small and medium size business of cyber-attacks through malware is very real.  Compound that by the fact that more of us are working f...

Garden Offices for Business

Building a Garden Office Through Your Business As many of us have been working from home for the last few months it seems that our whole approach to work is changing.  Last month Twitter announced that staff could continue working from home “forever” if they chose to. In addition, a recent survey found that 28% of employees expect...

Monitoring Staff Working From Home

Working from Home How to make sure your staff are staying productive We’re talking a lot about businesses that are starting to reopen to the public and returning employees.  But the advice is still to work from home if possible and many businesses are having to carry on with operating remotely. This means that many employers a...

Stop Paying EU VAT for Online Purchases

Stop Paying EU VAT for Online Purchases Do you buy supplies and use services online for your business? Do you order your supplies from Amazon, or share your files with your team on DropBox?  We all do these days, but are you aware that in doing so you are most likely paying European VAT on them, and this cannot be reclaimed through you...

COVID-19 Checklist for Reopening Your Business

COVID-19 Checklist for Reopening Your Business The first steps towards loosening the lockdown after COVID-19 have been taken.  Those who cannot work from home are being "actively encouraged" to return to work.  But as a business owner you have a responsiblity to prepare carefully for the return of your employees and customers.&nbs...