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Network Marketing Blogs
Browse our collection of monthly blogs on all things Network Marketing. In this area, you can find out about industry and company news, top tips to succeed in Network Marketing and read useful guides to ensure your tax and bookkeeping practices are up to date.
What Trading Style is best for my Network Marketing Business?
An area that leaves many Network Marketers stumped is which trading style or business structure they should go for when setting up their business. When we talk about trading styles, we mean the legal structure of an organisation. There are 4 main types in the UK, and we look at their key features...
A New Tax Year and What it Means for Network Marketers
You may have heard the term ‘tax year’ used before, but what exactly is it, and how does it affect you as a Network Marketer? Well, the date is important because it has an impact on how you manage and organise the financial affairs and accounts for your Network Marketing business. If you are...
What the Uber ruling might mean for Network Marketers
Earlier this year, the UK’s Supreme Court gave its judgment in the Uber worker status test claim. It ruled that the 25 Uber drivers that brought the case in 2016 are not independent contractors but are deemed workers and therefore entitled to minimum wage and holiday pay. What’s this got to do...
I’m using products just for myself, do I need to register?
Many Network Marketers start out in the industry by using the products or services of a particular organisation for themselves. They might sign up as a distributor because it gives them access to discounts on products that they like using themselves. Over time, some might start selling the...
I’ve missed the self-assessment tax return deadline – what happens now?
At this time of year, we usually get some panicked phone calls from business owners and taxpayers who realise that the self-assessment tax return deadline has now passed, and they haven’t filed their personal tax returns by the 31st January deadline. We know that life happens, and tax returns...
What 2020 meant for Network Marketers
January is traditionally a time for reflection on the previous year and planning ahead for the following year. In times of a Pandemic, too much forward planning can feel futile, so instead we want take stock of what the last year has meant for the Network Marketing sector. The benefit of having...
Do I have to prepare a tax return for my side hustle?
The concept of having a business on the side alongside a main employment has been around for decades. So-called side hustles have gained in popularity during the Pandemic and can range from earning a bit of extra cash to replacing the income from full time employment over time. In a recent article...
Maintaining motivation in difficult times
We live in difficult times. Amongst news of ongoing Coronavirus restrictions, worries about job losses and an economic downturn it can be hard to maintain a positive mindset. Struggling to stay motivated when so much else is going on in the world is common amongst entrepreneurs – after all, it’s...
Tax returns: a step by step guide to working with your accountant
As a business owner, you will be aware of the legal duties that come with owning a business – and having to complete an annual tax return is one of them. Whilst many choose to do their own tax returns, especially at the beginning of their business journey, there are also many who prefer to hand...
Five tax must-knows for New Direct Sellers
As a supplier member to the DSA (Direct Selling Association) UK, Chris Whitley-Jones shares his five tax must-knows for new direct sellers in this video: If we can be of help with any specific questions please contact us today.
PRBookkeeping software demo
In this brief demo, Cherylin Booker of PRB Accountants outlines the main features of the bookkeeping software PRBookkeeping. Watch the video here: If you have any other questions or want to find out more, please contact the PRB Network Marketing team on 01444 458252 or...
What Network Marketers should expect from their accountant
There may be different reasons why you might be looking to work with an accountant – perhaps you’re just starting out on your Network Marketing journey and want to focus on growing your business (rather than crunching the numbers), or you feel that your current accountant doesn’t quite ‘get’ the...
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