Blog

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.

Network Marketing and VAT Registration

The current compulsory VAT threshold in the UK is £85,000 – in other words, if your annual turnover exceeds that level you are obliged to register for VAT and complete quarterly VAT returns. In the case of Network Marketers, turnover is the aggregate of product sales and commissions received. If...

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How much money should I put aside for tax?

A question we commonly encounter when advising our Network Marketing clients on their tax affairs is how much money they should put aside to pay for their taxes. Initially, when you first set up your business you may not make a profit and therefore you do not need to pay tax. Once you start making...

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Network Marketers and Black Friday Deals

With Black Friday coming up later this month, you may wonder if you should jump on the bandwagon and offer Black Friday discounts for your customers. There will no doubt be a deluge of promotional offers hitting everyone’s inboxes - and whilst some bargain lovers eagerly await Black Friday, there...

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Tax return checklist

With tax return season looming, we’ve rounded up some helpful tips to get you started and ensure that the end of January deadline doesn’t leave you stressed and overwhelmed. As a reminder, you have until 31 January 2020 to complete your tax return for the tax period of 6 April 2018 to 5th April...

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Meet the network marketing team

In this blog, we would like to introduce you to those members of our team who work with our Network Marketing clients, many of whom have been with PRB for years - if not decades! Over the years, our small team have developed an in depth understanding of the sector in general and client businesses...

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How do you make money in network marketing?

Companies such as Avon, Forever Living, Amway and Ann Summers have been around for many years and have grown into internationally successful, reputable businesses. Whilst at first glance they may not have much else in common, they all share the same business model – Network Marketing, or...

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Case study – PRBookkeeping

  An Amway Distributor tells of her experience using bespoke bookkeeping software PRBookkeeping. Amway business owner M. started her direct selling business around 8 years ago and now leads a team of around 100 downlines. She initially fell into the business through her husband and loved the...

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Top tips for working from home

Working from home and flexible working are increasingly becoming popular ’perks’ that businesses across all industries offer their workforce. Flexible working hours and locations have been commonplace in Network Marketing for decades and are in fact one of the reasons that people are initially...

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