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...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...23 Jul 2019 | Network marketing, Tax
Question: Can I claim my gym membership and clothes as a business expense for my health product network marketing business? Answer: Unfortunately not, as they are not wholly and exclusively for the business. Generally speaking, you can claim for expenses that you...