Passive Income – what it is and how to generate it
Along with side hustles, SheEO and boss babe, passive income is another buzz word commonly found in the Network Marketing industry. But what exactly is it, and how do you go about generating passive income? What is passive income? Passive income is income that you...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...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...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.
Frequently asked questions – Network marketing and tax
We’ve collated some of the most commonly asked questions around Network Marketing and tax, and provide the answers.