Business and Accountancy Blog - My Web Accountants

Jan 9

e-Commerce Selling: How to calculate your Inventory Value

Calculating Inventory Value and Cost – The Importance

We all know the importance of holding the correct inventory levels in our business, ensuring we meet customer demand, yet minimising stock holding costs and risks of obsolesce. However, do you know the impact of ensuring you have inventory recorded at the correct value?

Business and Accountancy Blog by Edward Brainchild

Nov 30

UK Gift Aid Rules: When a gift not a gift?

Don’t get caught out on UK Gift Aid Rules: When a gift not a gift? In general terms a ‘gift’ is something freely given, with no expectation of anything in return. If something is received in return, either contractually or as a reciprocal benefit, the ‘gift’ is not actually a gift or no longer qualifies […]

Business and Accountancy Blog by Edward Brainchild

Nov 26

How to account for VAT in Takeaway Food Business: Restaurants, Bar or Cafe

How to charge and account for VAT on takeaway food business, chicken or kebab shop, fish and chips, eatery or restaurant, bar or cafe VAT accounting For businesses that are runny a cafe, restaurant, bar, chicken shop, eatery or just a bar and cafe, accounting for the regular take away business VAT charge can be […]

Business and Accountancy Blog by Edward Brainchild

Nov 25

Spending Review 2020: Rishi Sunak Raises National Living Wage Only Just

Spending Review 2020: National living wage to increase by 2.2% this April The national living wage will rise from £8.72 to £8.91 an hour and will be extended to workers aged 23 and over from April 2021, the Chancellor has announced. Rishi Sunak confirmed the increase in his Spending Review 2020, which was set out […]

Business and Accountancy Blog by Edward Brainchild

Nov 14

Accountants for Dropshippers

Accountants for Dropshipping Businesses: Work with accountants who understands your business. We know the dropshipping model inside and out. See how we can help your dropshipping business today. What is dropshipping? Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product […]

Business and Accountancy Blog by Edward Brainchild

'Bounce back loans' – help for small businesses

Nov 14

COVID 19 Help for small businesses – Bounce Back Loan Top-Up

‘Bounce back loans’ – help for small businesses Most high street banks have all got their Bounce Back Loan top-up systems live, however as predicted many people are experiencing all manner of problems trying to top up their loans. These Banks are Paying Top-Ups Those of you wondering, these are the banks that are […]

Business and Accountancy Blog by Edward Brainchild

when a gift is not a gift: gift aid and tax

Oct 31

When is a gift not a gift?

The art of Charitable Giving and Gift Aid Tax In general terms a ‘gift’ is something freely given, with no expectation of anything in return. If something is received in return, either contractually or as a reciprocal benefit, the ‘gift’ is not actually a gift. In the context of charitable giving the Gift Aid rules […]

Business and Accountancy Blog by Edward Brainchild

have you paid enough tax to cover your gift aid donations

Oct 31

Are you sure you have paid enough tax to ‘cover’ your Gift Aid donations?

Have you paid enough tax to ‘cover’ your Gift Aid donations? A client asking why they are being taxed on their gift aid-donation got me to ask, “Have you paid enough tax to ‘cover’ your Gift Aid donations?” HMRC are very keen to ensure that Gift Aid donors are paying enough tax. In recent times, […]

Business and Accountancy Blog by Edward Brainchild

Oct 29

UK Government Coronavirus Job Support Scheme – FAQs for UK Employers

Coronavirus Job Support Scheme – FAQs for UK employers The government’s new Job Support Scheme replaces the furlough scheme and starts on 1 November 2020. It comprises two wage support schemes – a scheme to support businesses required to close as a result of coronavirus restrictions and a scheme to support businesses that can stay […]

Business and Accountancy Blog by Edward Brainchild

Oct 29

UK Government New JSS

New Job Support Scheme I hope you are well and keeping safe during this outbreak. As you are aware that JRS (furlough scheme) will be finishing from 31 October 2020 which is why the government has announced numerous schemes to avoid mass redundancies. One of that schemes is Job support scheme (JSS), which is slightly different for a business which […]

Business and Accountancy Blog by Edward Brainchild

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e-Commerce Selling: How to calculate your Inventory Value

Calculating Inventory Value and Cost – The Importance

UK Gift Aid Rules: When a gift not a gift?

How to account for VAT in Takeaway Food Business: Restaurants, Bar or Cafe

Spending Review 2020: Rishi Sunak Raises National Living Wage Only Just

Accountants for Dropshippers

COVID 19 Help for small businesses – Bounce Back Loan Top-Up

When is a gift not a gift?

Are you sure you have paid enough tax to ‘cover’ your Gift Aid donations?

UK Government Coronavirus Job Support Scheme – FAQs for UK Employers

UK Government New JSS

Tiverton Drive

8:30 AM - 5:30 PM

+44 (0) 118 207 7274

Category: Business and Accountancy Blog

Calculating Inventory Value and Cost – The Importance