Adam Hill

Value added tax (VAT) has never been the most straight forward of taxes to understand and although the are many benefits of VAT registration, many businesses dread the thought of having to register for VAT and file quarterly VAT returns. Ecommerce VAT registered businesses are no exception to that rule. In fact ecommerce VAT is …

Huge Ecommerce VAT Changes In 2021 Read More »

The world of ecommerce presents business owners with an ocean of opportunities, enabling online retailers to access markets and customers that they might have never thought possible. As often is the case though, that increased opportunity can also result in increased responsibilities in particular with regard to ecommerce accounting. As ecommerce accounting specialists we pride …

5 Ecommerce Accounting Requirements You Had Better Know Read More »

VAT  (value added tax) is a tax on some goods and services. As a consumer it’s often something we overlook because the tax is somewhat hidden in the cost of the item. As a business owner though, VAT is something that should constantly be kept under consideration.  It is compulsory for some businesses to register …

Big Benefits Of Registering for VAT As A Sole Trader Read More »

Starting out in business can be an exciting time for those looking to try something new but many find that the early stages can be equally stressful as they are exciting. On top of building something successful, ensuring you meet all of the reporting and registration requirements for your fledgling business only adds to the …

What Are The Official Sole Trader Companies House Requirements Read More »

Knowing your numbers is important for all businesses big or small but for the numbers to really be useful they need to be accurate and current. The maintenance of the numbers is usually achieved by a combination of bookkeeping and accounting which for many would appear to be one and the same but there is …

1 Big Difference Between Bookkeeping And Accounting Read More »

Whether you’re applying for a loan, a mortgage or even a visa there are many situations where you may need to prove your income and you may want to consider obtaining a SA302 form For employees who are paid via PAYE this doesn’t tend to cause any issues as they can simply use payslips and …

Why The SA302 Form Is Great For Proving Income Read More »

When you start a new job it is important that your new employer is in possession of all the relevant details needed to add you to the payroll and ensure the correct amount of tax is deducted from your salary moving forward. This is usually done when the employee provides the new employer with a …

What Is A P46? A Simple Guide Read More »

If you have interests in the UK then it is important to understand your status for tax residency in UK. Whether or not you are considered a UK tax resident can determine whether it’s your worldwide income or just your UK income that will be subject to tax in the UK. As you can imagine …

Tax Residency In UK – 3 Steps To Know Your Status Quickly Read More »

The meteoric rise of this entirely new asset class has been driven largely by retail investors (private individuals) who see cryptocurrency as the investment opportunity of a lifetime. Equally there are those who believe cryptocurrencies won’t stand the test of time. Whichever side of the fence you sit on it’s clear that as it stands …

Cryptocurrencies Tax UK – What You Need To Know Read More »

If you want to gift money to family members it’s important that you understand the potential tax implications of making those gifts. Gaining a basic understanding and staying within the rules may enable you to avoid paying tax on the gift altogether and provides you with a great tool from the tax planning arsenal. In …

Can I Gift Money To Family Members? Read More »