Elver Consultancy Chartered Accountants Wigan

The Ecommerce Accountant

Elver Consultancy — Mon, 06 Apr 2020 10:05:09 +0000

Elver Consultancy is delighted to announce its new partnership with The Ecommerce Accountant, a firm of chartered accountants based in Gold Coast, Austalia, headed up by Reuben Bergola. As your e-commerce business grows, it’s likely that you will need to register for GST/VAT in foreign countries as your sales exceed the distance selling thresholds. The […]

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PureClarity Offers free 3 months trial to boost your sales

Elver Consultancy — Mon, 06 Apr 2020 09:50:17 +0000

The idea of Artifical Intelligence can stir up strong feelings, both positive and negative, but there are huge advantages to be gained through the use of the technology by e-commerce businesses. AI can identify hidden relationships that humans can’t, it is data driven with no bias, it can optimise rapidly in real time and can […]

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Does your e-commerce business place too much reliance on Amazon?

Elver Consultancy — Thu, 19 Mar 2020 10:42:07 +0000

We are know that you shouldn’t put all your eggs into one basket and that you should spread risk. It therefore makes sense that you wouldn’t rely on one sales channel for your business, and that’s even more true if that one channel is a marketplace. There are lots of good reasons why you might […]

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Changes to Intra EU Cross Border Supplies

Elver Consultancy — Wed, 04 Mar 2020 10:50:03 +0000

There have been some changes to the procedures and documentation required for the zero rating of B2B intra EU supplies, intended to harmonise and simplify some areas across the EU. Previously the rules on the evidence required to prove a supply is an intra-EU supply (and thus benefits from being zero-rated) differed between EU Member […]

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What is Amazon commingling and why would I use it?

Elver Consultancy — Thu, 27 Feb 2020 09:48:00 +0000

This is the Amazon explanation of commingling: If you participate in the FBA Commingling programme, items in your inventory may be swapped with identical items owned by Amazon Retail or other FBA Sellers who have also elected to participate in the programme. When an order is fulfilled with a commingled item, an (additional) VAT transaction […]

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How do marketplace facilitator tax laws in the USA impact your E-Commerce business?

Elver Consultancy — Mon, 17 Feb 2020 10:31:45 +0000

Marketplace facilitator laws require businesses like Amazon and Etsy to collect and remit sales tax on behalf of their vendors. Ever since the Supreme Court’s Wayfair decision, state governments have been passing new sales tax legislation that applies to remote sales and online marketplaces. Before Wayfair out-of-state sellers couldn’t be held accountable for local sales […]

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The Dangers of Using the Company Bank Account for Personal Use

Elver Consultancy — Thu, 02 Jan 2020 11:52:12 +0000

The Use of company banking facilities for personal transactions recently caused one taxpayer some unwelcome attention from HMRC. In The First Tier Tribunal Case of Matharu Delivery Service Ltd TC7347 and Bhapinder Matharu TC7324 a company and its director, failed to show why it was unreasonable of HMRC to demand a detailed directors’ loan account schedule and copies of his […]

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IR35 changes are looming in April 2020

Elver Consultancy — Thu, 02 Jan 2020 11:50:14 +0000

To prevent self-employed workers sidestepping PAYE and Class 1 NIC through payroll by simply working through a PSC (payments to which are, on basic principles, outside the PAYE regime, and payment out of which can often be made as dividends), the ‘IR35’ rules were introduced in 2000. But although the administration and responsibilities around offpayroll […]

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Implications of the General Election result for employment law

Elver Consultancy — Thu, 19 Dec 2019 04:00:00 +0000

With the Conservative Party having won a majority in the General Election 2019, this has the following implications for employment law reform:

Manifesto commitments

The Conservative Party’s manifesto promised

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X-factor Charity single

Elver Consultancy — Wed, 11 Dec 2019 04:00:00 +0000

The Government will waive the VAT equivalent on the sales of this year’s X Factor Celebrity Christmas Charity single. All proceeds from the sale of the single are going to two children’s charities; Together

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