Accounting news and guidance for Ecommerce.

Payments on Account (POA) are payments made in advance of next year's tax bill. However, the rules around them and how they're calculated, often lead to questions. This blog post aims to cover the basics and the FAQs that we receive on the topic.

With Christmas fast approaching, we thought it would be useful to remind everyone of the tax rules around annual staff parties.

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).

Have you or your employees asked: why do I have that deduction on my payslip? This post will give you insight into what deductions are and how they are calculated.

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.