Monthly Archives: April 2017

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Tax affairs and image rights – lessons to be learned from footballers

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Recent cases involving the tax affairs of top-flight football clubs, international professional footballers and issues surrounding taxation of their ‘image rights’, reinforce the importance of careful planning if investigations by HMRC are to be avoided, tax specialist Simon Littlejohns warns. The Head of Tax at Birmingham-based Chartered Accountancy practice, Friend Partnership Limited, Simon Littlejohns says,
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Finding a software soulmate

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For many start-ups and smaller businesses, software development is an essential part of the success journey. And although a wide range of new companies rely on having the right software in place to take to market as fast as possible, it is a process that can come with its own special challenges. For example, keeping
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Pamela Davis Rises to National Director Rank With Total Life Changes

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Pamela Davis is originally from Kingston, NC and moved to Raleigh, NC many years ago. Pamela joined Total Life Changes (TLC) three years ago.
She was introduced to TLC by current Executive Ambassador, Lenika Scott. Pamela was very hesitant to join another network marketing company, but she trusted Lenika because they met in 2009 in a previous company.
Pamela explains her decision to finally say, ‘Yes’ to TLC:
“After building a high five-figure income within my previous company for two years, the compensation plan just crashed. It wasn’t built to support distributors that I would characterize as, “little people”. It was built to fund only those distributors at the very top. I was not ready to give this industry another chance. Mentally and physically I didn’t have the strength to help build another direct

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ForeverGreen – FgXpress Substantial Doubt To Continue As A Company

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In an in-depth report, Duane Bair, research Analyst of Seeking Alpha, a not-so-friendly website for Network marketing companies, points out that ForeverGreen is running out of capital:
Duane Bair:

Almost half of the company’s members left in 2016 (45.5%), marking the worst year for member retention in recent company history.
With an accumulated deficit of $42.7 million and less than $200,000 of cash on the balance sheet, the company is quickly careening toward complete insolvency.
This year (2017), the company has $1.7 million of debt coming due. Operating cash flow is negative, the balance sheet has $187,000, and the company has been unable to get financing through traditional lenders.
It should not come as a shock that management has finally disclosed that there is substantial doubt regarding their ability to continue as a going concern.

“Through a series of

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