General News

Value is Not the Same as Price

In order to create an effective pricing strategy for your products or services, you need to understand your customer’s perceived value of your offering.

Value is a complex issue. Different customers perceive the value of a product or service on factors varying from quality through to brand equity, ethical considerations, environmental sustainability and customer service etc.

Managing Change

In business, change is inevitable. The business landscape is constantly evolving and how effectively you manage change can determine the success or failure of your firm. 

Communication is Key

Any time there is a major change in a business, there will be a natural dip in productivity levels as people react and adapt to something new. Explain what is happening to your team members, keep them up to date and encourage them to ask questions. This will help them to feel involved in the changes.

GDPR, What is it? Why You Need to Know

All businesses must be fully compliant with the new General Data Protection Regulations (GDPR) by 25 May 2018. Businesses that are not compliant may face a penalty of 4% of their global turnover for each offence.

Most businesses are aware of the data protection act, the information commissioners office and the payment of an annual fee of £35 for many businesses.

Key Trends to Watch in 2018

Technology and innovation are driving the evolution of most businesses these days. Here are some of the key business trends to watch out for in 2018.

Changes to the Government Gateway

The government gateway that many businesses use to make online submissions for VAT Returns, EC sales lists, and CIS Returns is to be decommissioned on 14 February 2018. This will be replaced with a new platform.

HMRC PCThis change will affect some businesses using old software that currently integrates with the gateway to make online submissions.

Shifting Your Networking Focus

Networking isn't just about attending an event with a stack of business cards and speaking with random people. People want to do business with people they like and trust, and people they know through friends and shared connections.

Let it Snow - Adverse Weather Conditions

The snow and ice conditions throughout the UK are making it difficult for employees to travel to and from work.

Business Rates Relief for Small Businesses

There has been much lobbying from the small business sector to reduce business rates. The Chancellor stated that 600,000 small businesses currently benefit from small business rates relief.

Mileage Allowance for Buy to Let Landlords

Another measure hidden away was the proposal that buy-to-let landlords will be able to claim 45p a mile for necessary visits to their rental properties.

This will be as an alternative to claims for capital allowances and deductions for actual expenses incurred, such as fuel.​

SDLT Relief for First-Time Buyers

In an attempt to help first-time buyers get on the property ladder and stimulate the housing market the chancellor announced that for property purchases completed on or after 22 November 2017 there would be no SDLT payable if the purchase price is below £300,000. 

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