20 Mar 2020 | Network marketing, Tax
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...24 Feb 2020 | Business, Network marketing
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...15 Jan 2020 | Network marketing
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...16 Dec 2019 | Network marketing, 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...20 Nov 2019 | Network marketing
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...6 Oct 2019 | Network marketing
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...