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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.
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...
Free tools for professional looking images and videos
Marketing your Network Marketing business online has become even more important in recent months with people not able to meet in person. And with the rise of digital marketing channels such as social media, email and blogs comes an expectation for high quality visual content. Whether it’s memes,...
How to take your Network Marketing business to the next level
With recent reports that one in four workers in the UK are likely to be furloughed during the Coronavirus pandemic, many people find themselves with more time on their hands this spring. Some may choose to use this time to work on their professional development, upskill or pursue new hobbies....
COVID-19 government support for Network Marketers
We live in unprecedented times. Whilst we’re still getting to grips with the effects that the Coronavirus pandemic is having on us as individuals and our businesses, we have had many of our UK Network Marketing clients worried about the effect COVID-19 will have on their business. On the face of...
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...
Cash flow solutions for small businesses
Most small businesses will suffer from cash flow issues at one point or another. Effective cash flow management is one of the most important factors in running a successful business. After all, even if your sales are growing, if you have more expenses than income, you may not be able to pay your...
How to offset losses from your Network Marketing business
In the early days, your Network Marketing business may not be making a profit and therefore incur a loss. Making a loss simply means that expenses are greater than your income. Whilst business owners would all love to make a profit from the outset, it is very common to incur expenses and make a...
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...
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 are also people who are critical of how genuine these discounts are.
Paying yourself from your network marketing business
Network Marketers are their own bosses. The vast majority are self-employed and operate either as a sole trader or partnership. And that is part of the appeal of having your own MLM business – the freedom to run your business as you see fit, within the hours that suit you, without having to report...
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