eBay recently wrote to business sellers to remind them of the upcoming changes to how VAT will be charged on fees. Effective from the 1st of August VAT will be applied to all fees. For the first time sellers will be able to reclaim the VAT on their VAT returns.
Historically sellers were unable to reclaim VAT but if they gave eBay their VAT number eBay would deduct the VAT at source. Then for the past 18 months eBay had special dispensation to not charge VAT for any business seller (even if they weren’t VAT registered).
We’re fairly certain you didn’t start your business to become a business, marketing or financial expert. We suspect most of you started your business to do what ever you are passionate about or just really good at! What you probably found very quickly is that what your business actually does consumes most of your day. But maybe you’ve come to find that general information, tips and advice from others has been essential to the survival and growth of your business. Well, if that’s the case, you’re not alone.
Cloud storage is becoming an essential part of running a business, and we know those late to the party are feeling a bit left behind. Today I’m going to run down some of the best options out there to help narrow your search and encourage you to take your business to the cloud.
Instead of being stored locally on your machine, data stored on the cloud is stored on the provider’s server and is accessed through the internet. There are three main motivations behind storing files in this way, and sometimes they seem at odds with one another. The first is security, as businesses need a safe place to store important documents and need control over access permissions. The second is collaboration, as files need to be shared easily around the office. The third is remote access, so you can get to your data when working from home or edit that presentation while on the train.
It seems that with every VAT rule – everything you think you know – there are a bunch of exceptions surrounding it. Motoring expenses are a great example of this – as a rule, you can’t claim VAT when a car is bought, unless…
There is a lot to it, and we know there are plenty of people out there scratching their heads over these rules. So, as simply as we can, let’s see if we can explain things.
For so many modern business challenges, there is an app solution. If finding the programs that are perfect for your business is difficult, finding ones that are compatible with each other can be impossible. The Xero App Marketplace is a great place to start looking as it’s filled with apps that connect with and support Xero. There are over 500 out there, covering every possible business need. You can search via both the app function and business type.