From it’s humble beginnings in 1995, where one of it’s first auctions was the sale of a broken printer, Ebay is one of the dot.com’s success stories. Trading on Ebay has exploded in recent years and many people use an eBay shop as their sole online outlet. The Advantages of Selling on eBay It’s easy to […]
Tax
Introduction to Payroll
Payroll Basics Logically, the basics of payroll are straightforward but unfortunately, there are various rules and thresholds which can make actually operating a payroll less so. In calculating an employee’s pay, normally, you begin with their gross pay and then work out the deductions. After taking away all the deductions, the net pay figure is what […]
How VAT Works
How Does VAT Work? VAT is a tax on consumer spending. Under the system, every VAT registered business is effectively a tax collector. Most transactions are standard rated (currently at 17.5% in the UK at the time of writing). However, transactions could also be zero-rated, exempt or outside the scope of VAT. A VAT registered […]