uk-netmarketing Archive (2011-2015)

[uk-netmarketing] VAT questions

[uk-netmarketing] VAT questions

Miko Coffey miko.coffey at gmail.com
Mon Mar 31 10:45:37 BST 2014


Hi Caroline,

I have been using Freshbooks for the last 5-6 years and love it... here's a
(now very old) blog post about it:
http://www.usingmyhead.com/2009/09/02/online-accounting-winner-freshbooks/

Key points I love:
- Integrated timetracking tool, with an app for on-the-go billing
- Set price/rate per project, per task or per client
- Sends automatic reminder emails
- Recurring billing

Good luck!
Miko


On 29 March 2014 14:58, Caroline <caroline at radarmusicvideos.com> wrote:

> Dear All
>
> Thanks so much for your excellent advice and suggestions, you're all great
> and it's very much appreciated.
> Hope you do a blog post Sam, that would be very useful!
>
> very best
>
> Caroline
> :)
>
>
>
>
> Caroline Bottomley
>
> Managing Director
> Radar Music Videos <http://www.radarmusicvideos.com/home>
> Twitter <https://twitter.com/radarmusicvideo>
> Radar connects labels and artists to talented new music video directors
> worldwide
> Winner European  Lovie Awards <https://www.peopleslovie.eu/#music-0>
> Winner Best Music Start-Up<http://4pt5.com/radar-music-videos-wins-the-music-4-5-pitch-competition/> Music
> 4.5
> Mailing list <http://eepurl.com/1Nzs> - the business of music video
>
>
>
>
>
> On 28 Mar 2014, at 17:37, Dr Benjaman Schogler <ben at skoogmusic.com> wrote:
>
> Xero is awesome really easy to use and great reporting
>
> Sent from my iPhone, please excuse brevity and typing errors.
>
> On 27 Mar 2014, at 12:16, Alan Newman <alan at sensibledevelopment.com>
> wrote:
>
> Hi,
>
> In terms of accounting packages you might want to look at some of the
> online accounting services that have sprung over the past year. Xero.com<http://xero.com/>seems to be the most popular and one that we are just about to start using
> (finally we get to move away from the ridiculous Sage).
>
> VAT - from a pricing strategy point of view it depends who your audience
> is. If you are consumer facing then charge everyone VAT and then take the
> profit for those territories where it isn't applied. It would at least be
> consistent. If you don't increase your prices you are effectively
> increasing your costs as you try to absorb the VAT that you will have to
> pay.
>
> For the technicalities I would always listen to my accountant. We charge
> the VAT based on client location. So for our North American clients we
> charge VAT at 0%. For Europe it depends - it can be done on a marginal
> scheme or not charged at all - it's always a bit trickier and not so cut
> and dried.
>
> In terms of applying to become registered my understanding is that you
> have to apply when you predict you will exceed the current threshold in the
> next quarter.
>
> There are lot of benefits to be VAT registered - it was a no brainer for
> us - your office rent becomes cheaper for one!
>
> Regards,
>
> - Alan
>
>
>
> On 25 Mar 2014, at 08:04, Caroline wrote:
>
> Hello Chinwaggers,
>
> We're beginning to get close to the VAT threshold, so we're having to
> consider thorny issues of pricing.
> But there are other questions too, you might have some advice to share?
>
> Book-keeping
> I currently run our book-keeping on Google Docs. Now might be a good time
> to swap to something like Quickbooks.
> Any suggestions on accounting software, preferably free software?
>
> Rules
> When should we apply VAT and when shouldn't we? Our accountant has advised
> the preferred rules are to apply VAT only to sales to UK residents, but
> that HMRC sometimes take a different view and to check. I guess the budget
> announcement makes this preference law? viz:
>
> ""As announced at budget 2013, the government will legislate to change
> the rules for the taxation of intra-EU business to consumer supplies of
> telecommunications, broadcasting and e-services. From 1 January 2015 these
> services will be taxed in the member state in which the consumer is
> located, ensuring these are taxed fairly and helping to protect revenue."
>
> Any advice from anyone on how to easily spot where your blumming customers
> live? We use Paypal & Paypoint.
>
>
>
>
> Any other words of wisdom on the headaches & otherwise of becoming a fully
> fledged VAT registered company
>
> Many thanks all, as ever :)
>
> Caroline
>
>
>
>
> Caroline Bottomley
>
> Managing Director
> Radar Music Videos <http://www.radarmusicvideos.com/home>
> Twitter <https://twitter.com/radarmusicvideo>
> Radar connects labels and artists to talented new music video directors
> worldwide
> Winner European  Lovie Awards <https://www.peopleslovie.eu/#music-0>
> Winner Best Music Start-Up<http://4pt5.com/radar-music-videos-wins-the-music-4-5-pitch-competition/> Music
> 4.5
> Mailing list <http://eepurl.com/1Nzs> - the business of music video
>
>
>
>
>
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>
> www.sensibledevelopment.com - online auction development that looks good
> and works in real time.
>
>
> twitter: twitter.com/alannewman
> linked in: www.linkedin.com/in/anewman
> email:  alan at sensibledevelopment.com
>
> land:  +44 (0)1273 621110
> mobile:  +44 (0)7711 006551
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
> ~~ Chinwag Jobs: Find your perfect new job or next team member ~~
>
> Chinwag Jobs is the leading specialist recruitment website for digital
> roles in the UK. Used by major companies such as BBC, Electronic
> Arts, Kingston University as well as the majority of recruitment
> agencies who place staff in the sector.
>
> Take a look through our listings or register to advertise your
> own vacancies today.
>
> CHINWAG JOBS: http://jobs.chinwag.com
>
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> You're subscribed to uk-netmarketing to change your options or
> unsubscribe: https://mm.chinwag.com/options/uk-netmarketing
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> uk-netmarketing discussion list is powered by http://chinwag.com
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> ~~ Chinwag Jobs: Find your perfect new job or next team member ~~
>
> Chinwag Jobs is the leading specialist recruitment website for digital
> roles in the UK. Used by major companies such as BBC, Electronic
> Arts, Kingston University as well as the majority of recruitment
> agencies who place staff in the sector.
>
> Take a look through our listings or register to advertise your
> own vacancies today.
>
> CHINWAG JOBS: http://jobs.chinwag.com
>
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> You're subscribed to uk-netmarketing to change your options or
> unsubscribe: https://mm.chinwag.com/options/uk-netmarketing
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> uk-netmarketing discussion list is powered by http://chinwag.com
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>
>
> ~~ Chinwag Jobs: Find your perfect new job or next team member ~~
>
> Chinwag Jobs is the leading specialist recruitment website for digital
> roles in the UK. Used by major companies such as BBC, Electronic
> Arts, Kingston University as well as the majority of recruitment
> agencies who place staff in the sector.
>
> Take a look through our listings or register to advertise your
> own vacancies today.
>
> >> CHINWAG JOBS: http://jobs.chinwag.com
> ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
> You're subscribed to uk-netmarketing to change your options or
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-- 
---------------------------------------
Miko Coffey, BFA FRSA

Independent Web Consultant
http://www.usingmyhead.com
email: miko at usingmyhead.com

Freelance Photographer
http://www.mikocoffey.com/photography
email: mail at mikocoffey.com

phone: +44 (0)20 8678 0860
mobile: +44 (0)794 100 5431
skype: miko.coffey
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