Accounting news and guidance for Ecommerce.

Postponed VAT Accounting, also known as PVA, is a process for accounting import VAT that was introduced on 1st January 2021. Essentially, rather than pay import VAT when your goods are imported into the UK, and then reclaim the VAT on your VAT return, PVA allows you to both declare and reclaim the import VAT on your VAT return. Meaning no cash is transferred and your VAT liability is neutral (as the amount you pay is offset by the amount you reclaim).

Salary, dividends, or both? And how much?

An overview of payroll, relevant for anyone paying a salary to a UK employee. We cover legal obligations and how to handle it.

Amazon recently announced changes to their payments service provider (PSP) policy. Make sure your PSP is an approved provider otherwise you may face payment disruptions.

As a business owner, you have probably wondered about selling your business. How much might you expect to sell it for, what does the process look like and how do you find a buyer?