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.
This is the first in our series of blogs designed to help you better understand your business accounts. We’re kicking things off with the profit & loss report!
Taking on your first employee can be an exciting time but there are some responsibilities you need to be aware of. One of them is compulsory pensions these are your auto-enrolment responsibilities. Find out what this means below.
This is the second most popular question from business owners. This sounds like a simple question but the answer is complex and involves many aspects to consider. The answers will depend on the make of the car, the tax position of the owner, their business and the method of ownership.
Dealing with overseas
customers and VAT rules can be a bit complicated for some businesses,
particularly those in retail where you may not have proof that goods are
leaving the UK.
Read below to find out more about the options available to your business.
If you receive rental income from a furnished residential letting then you’ll be aware of a “Wear and Tear” allowance, eligible for use against your properties. This allowance recently saw a change to its terms, read below for more details.