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.
HMRC have released their new advisory fuel rates for drivers of company vehicles. These came into effect from 1st July and allow reimbursement of fuel tax free at these levels.
Nobody wants to pay tax on divorce. So how do you keep your tax bill down while coming to a sensible arrangement with your spouse?
Since the change to Dividend tax came in you may be wondering if there are more tax efficient ways of drawing funds from your company. Read more for an idea that can save tax each year.
I love the summer for sitting back and reflecting on the year. Thinking back to the dark days of winter and forward to the joy of Christmas time. Now is the ideal time to review how your business is going and as you revive yourself through holidays and sunshine you’ll be well placed to make any changes come the autumn.