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ecommerce business cash flow

Why is my ecommerce business lacking cash?

You’ve been working hard on your ecommerce business, and it feels like it’s paying off: you’re making more sales, attracting new, loyal customers and increasing your profit. Despite all these positive signs, there are still times when you feel cash-starved. You’re worried about paying suppliers late, stressing over bills and constantly checking your bank account…

VAT for ecommerce

Am I paying too much VAT for my ecommerce business?

Value Added Tax (VAT) accounts for 17% of the £732 billion of tax revenue collected a year by HMRC. While you’re hyper diligent about not underpaying VAT for your ecommerce business and being hit with costly interest rates or penalty fees, you also don’t want to end up overpaying and losing out on money that’s…

Taking Advantage Of The New EU Vat Rules Coming On 1 July 2021

Taking Advantage Of The New EU Vat Rules Coming On 1 July 2021

What are the changes on the 1st of July? If you sell items with a value of up to 150 euros (excluding the postage cost), you can register for the Import One Stop Shop (IOSS). You can choose which EU country to register for IOSS in. The key is that the total value of the…

Should I Do My Own Book-Keeping?

Should I Do My Own Book-Keeping?

Picture this, you have subscribed to a cloud system such as Quickbooks or Xero, and it’s the end of the month. You login and are faced with 100 bank entries to explain for the month. You don’t go in more than once a month because it’s not a job you enjoy. You sit and try…

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