Getting connected means getting paid - integrate your payment systems with Xero

August 31, 2020 | by Sian Kelly | No comments

As an e-commerce business, you rely on efficiency, automation, and accurate information to help you make informed decisions and grow. We are proud advocates of Xero as the cloud accounting solution of choice for e-commerce businesses. One of the benefits using a system like Xero is the ability to access data in real time, but the information is only as up to date as you enable it to be. 

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HMRC guidance on collecting debts

August 27, 2020 | by Sian Kelly | No comments

Cash flow has been a real issue for many businesses over the last few months, and you might have found yourself in a position struggling to pay your taxes to HMRC. The good news is that HMRC are encouraging businesses and individuals to contact them to set up Time to Pay arrangements (TTP).

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Unexpected tax bills on horizon from coronavirus grants

August 25, 2020 | by Sian Kelly | No comments

Depending on how businesses and self-employed individuals prepare their accounts, there could be unexpectedly large tax bills for those that have received small business or retail, hospitality and leisure grants during the pandemic as early as this tax year.

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Delay to EU’s e-commerce directive raises questions for UK business

August 20, 2020 | by Sian Kelly | No comments

There are big changes on the horizon for all UK businesses, as the end of the Brexit transition period inches closer. But for e-commerce companies, additional significant changes are due to happen next year - the EU’s e-commerce directive was due to come into force on 1 January 2021, the same date as the end of the transition period.

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The implications of furlough fraud

August 17, 2020 | by Sian Kelly | No comments
You're worried about the possible implications of furlough fraud... What are the penalties, how can you avoid it, and will you still have to pay out even if you've overclaimed in error?
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£20 million in new grants to support small businesses

August 14, 2020 | by Sian Kelly | No comments

At the beginning of the month the Minister for Regional Growth and Local Government, Simon Clarke MP, announced £20 million of new government funding, set to help smaller businesses recover from the effects of the coronavirus pandemic.

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Amazon hikes UK seller fees in response to digital services tax

August 11, 2020 | by Sian Kelly | No comments

Online marketplace Amazon is to increase fees for UK sellers next month by 2%, in response to the introduction of the UK’s digital services tax (DST), in a move which is likely to increase costs for small businesses and traders who use the platform

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Eat Out to Help Scheme - Should you be paying VAT on the full bill?

August 05, 2020 | by Sian Kelly | No comments

You’re running a restaurant and will be registering for the Eat Out to Help Out Scheme, where you can claim back the 50% discount offered to customers for supplies made on Mondays to Wednesdays between 3rd August and 31 August 2020.

As you are offering a discount to customers on their bill, does this mean you only pay VAT to HMRC on the discounted amount?

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Live page: Accounting advice during business disruption

August 03, 2020 | by Sian Kelly | No comments

As the situation changes we'll be updating this page to keep you up to date with the latest developments. We'll cover all of the different financial support measures introduced by the government, as well as advice to help you manage your finances during business disruption.

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