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Network Marketing Blogs
Browse our collection of monthly blogs on all things Network Marketing. In this area, you can find out about industry and company news, top tips to succeed in Network Marketing and read useful guides to ensure your tax and bookkeeping practices are up to date.
WHY STRONG LEADERSHIP IS IMPORTANT IN NETWORK MARKETING
Strong leadership is crucial in any business, and network marketing is no exception. In fact, the quality of leadership is often the deciding factor in the success or failure of a network marketing company. Network marketing is a growing industry that offers individuals the opportunity to start...
How to Choose the Right Network Marketing Company for You
How to Choose the Right Network Marketing Company for You Network marketing, also known as multi-level marketing (MLM), has become increasingly popular in recent years. However, with so many network marketing companies to choose from, it can be challenging to determine which one is right for you....
How to turn a side hustle into your dream job
The fundamentals of setting up a business. A side hustle refers to any additional work or job that an individual can earn money from, besides their main job. From tutoring, copywriting, to driving for a ride-sharing company, a side hustle can be any profitable venture. During the Covid-19...
I have a Network Marketing business and I’m using products just for myself, do I need to register with HMRC?
I have a Network Marketing business and I’m using products just for myself, do I need to register with HMRC?
What is the difference between Direct Selling and Multi-level Marketing (Network Marketing)?
Direct selling and multi-level marketing (MLM), also known as Network Marketing, are two business models that are often used by companies in the UK, and Worldwide, to sell products or services. Key differences Both models involve selling products directly to consumers, but there are some key...
Do I have to prepare a tax return for my side hustle?
The concept of having a business on the side alongside main employment has been around for decades. So-called side hustles have gained in popularity during the Pandemic and can range from earning a bit of extra cash to replacing the income from full-time employment over time. In an article by...
PRB: THE NETWORK MARKETING ACCOUNTANTS
PRB Accountants are a firm of Chartered Accountants based in Haywards Heath who specialise in the Network Marketing Industry.
Self-Employed Struggling with Tax Obligations
Self-employed tax obligations are the focus of a new HMRC report. Self-employed individuals, like Network Marketers, are having difficulties completing their self-assessment tax returns, according to a new report commissioned by HMRC. A lot of people have trouble with their tax reporting duties...
How do you make money in network marketing?
Despite what the media would have you believe, Network Marketing can be a genuine business opportunity. This blog explores the two revenue streams in Network Marketing, and what will ultimately make you money.
PRB are back to in-person events
Since restrictions have been lifted, the PRB Network Marketing team have been delighted to attend more in-person events with Network Marketing organisations. Chris Whitley-Jones and Cherylin Brooker recently went to an event for nutritional product company Zinzino where they got to meet...
The benefits of becoming a limited company over a sole trader
The majority of Network Marketers choose to operate as a sole trader when they first start out – and there are a couple of good reasons for this: It’s easy to get set up and registered with HMRC It gives you flexibility to utilise losses against other income We’ve previously written an overview of...
Common accountancy terms explained – Network Marketing edition
Running a Network Marketing business brings with it tax and accounting obligations. Regardless of whether you use an accountant to handle your affairs, or whether you manage them yourself, you may come across some unfamiliar terminology. Here, we explain what some of the most commonly used...
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