Margins are being eroded in the short term and prices will need to be increased in the longer term if GBP does not recover. But for those who sell their products and services overseas, the value they are receiving in dollars and euros is giving them a higher income on their sales.
Many of our clients have been selling overseas for some time, the internet makes this easier than before and (relatively) cheap and easy travel means, if necessary, you can physically be elsewhere. If you have expertise which is valued here, it is equally likely to be valued overseas, possibly more so.
But, it’s a challenge and requires focus and a strategy, like any other business development.
One of our clients, Blue Eyed Sun, who design and hand make greetings cards here in Sussex won the Queens Award for International Trade this year. Here’s what the Managing Director and co-owner, Jeremy Corner had to say about their experience of exporting.
It’s always nice to reward your employees, especially those who may have worked for your business for a long time. Find out how you can do this and still reap the tax benefits.
If you want to grow your exports then the government want to help you on your way with Finance, Insurance and opportunities to meet potential customers. Yippee!
There’s a hidden gap in skills and knowledge between those of us who are qualified Accountants, and those who refer to themselves as Accountants. Every day we make an investment in your business to ensure you receive the quality of advice you need to protect your business.
It’s January and its ‘National Pay Your Self-Assessment
Your tax return should be safely in the HMRC net now but if you didn’t file before 12th December you will not receive a statement and payslip in the post. In any case, it’s best to brace yourself for making the payment as the statements are drip feeding very slowly through the postal system as I write.