Renovating the house on your own may not be the wisest option all the time. It takes a lot of effort and time for such a big project. Hiring a contractor, who is professional in what they do, can be an alternative. However, nowadays, there are a bunch of contractors already, which makes it hard to decide.
When working on a job for some business you can be classified as an employee or independent contractor. There are guidelines set by government that determines the proper classification. The classification determines what benefits you will receive, what type and how much tax you will need to pay and so on. That is why it is important that you pay close attention to your classification and take appropriate action if you are not classified correctly.
SMEs have historically been exempted from UK transfer pricing rules. This year’s new rules have extended the rules to all UK businesses, including SMEs. What are the new rules, how do they work, and how we as North London Accountants can help SMEs prepare for them?
In recent years, there have been major changes to UK tax legislation to ensure that large international businesses cannot take advantage of differences between domestic and international tax rules. Amazon is an obvious example we’re all familiar with.
As part of HMRC’s ongoing efforts to close tax loop holes and ensure that taxpayers and businesses are declaring and paying the correct amount of tax, in April last year the government introduced new legislation governing anti-profit fragmentation.
Borrowing money from friends is a great way of meeting your immediate/urgent monetary requirements. It offers you a chance to repay the loan as per your convenience. There is no rate of interest (in most cases). Most importantly, you are not required to fill any document while borrowing money from a friend.
In all fairness, borrowing money from friends is quite tempting. Some of your best friends (who trust you) will never think twice before lending money. Well, trust is a big thing, much bigger than profit and loss, isn’t it? Lending money adds to an individual’s goodwill. As a borrower, you are considered trustworthy when you repay the loan amount on time (again and again).
As the famous adage goes, “The first impression is the last impression”, it seems that businesses today cannot agree more to it.
The entire game revolves around packaging well, in a manner that will attract the attention of customers in just a glance. It is vital as it not only enhances the brand value but also plays a role in influencing the buying decision of the customer.
And, owing to this reason, brands leave no stone unturned in making their packaging as innovative, unique, and most importantly, attractive as possible. For the same, they are seen shelling out a hefty sum of money.
After a rocky few years following the infamous financial crash of 2008, the construction is well and truly back. Indeed, these are considered to be something of boom years for the industry — from a small to large scale, things are getting built. If you have a construction company, then you’ll be in a strong position to reap the benefits of the building boom. But of course, you can’t expect the pie to be fed to you; you have to go out there and take a slice for yourself. And that’ll mean growing and developing your business. But how can you do this? We take a look at a few tried and tested tips below.
Many homeowners have lately started to replace their old appliances with smart ones, as smart appliances provide more convenience and energy efficiency. Now, technology has made it possible for you to manage all your home appliances and devices from one place while saving more money and reducing your carbon footprint. For example, you can start your air conditioner or preheat your oven remotely before you get home. You can also add a smart indoor garden to your home if you like fresh herbs, and the system will automatically notify you about when to add more water or nutrients.
To say that small and medium enterprises (SMEs) are the backbone of the country’s economy is an understatement. In the U.S, there are over 30 million small businesses, with half a million more coming up every month. These businesses employ over 57 million people highlighting their influential role in the economy.
However, things are not so rosy for most SMEs startups. It is tough to set up a small business in the current, highly competitive business environment. A large number of small businesses fail with records showing only 50% of SMEs survive past five years.
If you want to set up a business, it is important to learn from those who came before you. Learning from their mistakes will set you up for success. Here are some common pitfalls you should avoid.
The famous adage, “When the going gets tough, the tough get going” best relates the ambitious nature of any entrepreneur. They are undoubtedly persistent and thrive on reaching small milestones and ultimately attain the desired goal.
Sure, the overall experience and skills in a particular niche are the essential characteristics of an entrepreneur. But, is that all they got?
Definitely not!
So, what are the other vital skills that are integral to the success of all the entrepreneurs out there? Take notes as we have mentioned them below for you.
A successful retail store will live or die by the quality of its customer service. Essentially, your customer is at the center of every decision you make from the products you sell the layout of the merchandise. While it’s a bit of a cliché to say that the customer is always right, if you want to secure a bright future for your enterprise, it’s a concept you’re going to need to take to heart and remember on a daily basis. You should be familiar with the basics of smiling and saying please and thank you (hopefully), but if you have recently opened or about to launch a new retail store, here are 5 less obvious customer satisfaction tips to keep in mind.
