#AskAnnette

Annette hosts the weekly #AskAnnette Show, a business growth and finance focused Q&A video show.

a blog featured image with a topic title Dealing with Duty and C79s

Dealing with Duty and C79s

Import and export come with corresponding VAT and duty rules and procedures. As business owners dealing with import and export, you must ensure that you pay (or charge) the right amount of VAT. Transactions to other countries may also come with corresponding import duty. It is important to adhere to these rules and procedures when …

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a blog featured image with a picture of Annette Ferguson about What You Need to Know About Artificial Separation or Disaggregation?

What You Need to Know About Artificial Separation or Disaggregation?

In order to avoid reaching the VAT threshold, which amounts to £85,000 in the 2021-2022 tax year for every individual business, and in order to avoid registering for VAT, some businesses resort to separating into multiple business elements. This is more commonly known as “artificial separation” or “disaggregation.” To get help with your taxation and finances, feel …

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a blog featured image with a picture of Annette Ferguson about How Cryptocurrency Is Taxed in the United Kingdom

How Cryptocurrency Is Taxed in the United Kingdom

The way that technology has been affecting our lives can be mind-blowing for most people. We do not think about it too much as it is the reality we are facing every day. However, there are facets of it that are still being developed to this day. People want change, even though most of us …

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a blog featured image with a topic title about How HMRC Taxes Crypto Currency?

Cryptocurrency Tax – How does HMRC Works with it?

Ever since its successful launch back in 2009 by Nakamura Satoshi, cryptocurrency has been increasingly rising in popularity. That’s more than 10 years ago now, and this currency has seen many ups and downs in its journey. Ultimately, it has been found by HMRC as something more than just a currency used all around the …

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a blog featured image with a topic title about How Do You Calculate Net Profit Margin?

How Do You Calculate Net Profit Margin?

Net profit margin is computed by dividing the net profit by the revenue, and then multiplying it by 100. It is a percentage that indicates a company’s profitability. A 20% net profit margin means that for every dollar in revenue, there is a $0.20 in clean profit. The higher the net profit margin, the better.  …

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a blog featured image with a topic title about Accounting Quirk: Profits but No Cash and a picture of Annette Ferguson

Accounting Quirk: Profits but No Cash

It starts with the accounting method Setting up a business can be tricky. Despite good intentions, it is easier to fail than it is to succeed. For those who manage to do well, a positive profit and loss statement is nothing less than victory. But there are times when this victory does not seem to …

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a blog featured image with a topic title about How Do I Pay Myself?

How Do I Pay Myself?

As a business owner, it is already a challenge to start and build a company. Even if it is just a little store in the middle of nowhere, you still want it to be as successful as possible. It is defined by the way you manage it though, and that process will continue even if …

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a blog featured image with a topic title about How to Double Net Profit Margin?

How to Double Net Profit Margin?

The net profit margin, also referred to as the Net Margin, is a profitability metric used in corporate finance that’s considered as the most comprehensive evaluative ratio. It reflects a business’s ability to turn its revenue into profit after accounting for all their day-to-day expenses, including taxes and debts. In order to compute a business’s …

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a blog featured image with a topic title about How Much Can I Claim for Using My Home As An Office?

How Much Can I Claim for Using My Home As An Office?

Working at home has now become a necessity more than a personal choice. But for self-employed individuals, this is already their “new normal” long before the pandemic started. For years, Her Majesty’s Revenue and Customs (HMRC) drafted several legislations to soften the blow of tax fees charged to self-employed workers. They made tax-deductible expenses to …

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a blog featured image with a topic title about Beware Of Fake Accountants with a picture of Annette

How to Avoid Fake Accountants!

Startup businesses tend to focus more on income generation and building revenue streams. Money matters never end during the early days of a venture. So, most entrepreneurs allocate their funds on production and operational costs, leaving the financial management on the owner’s shoulders. However, as the money starts to flow, essential details tend to get overlooked as finances become …

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