Is your business ready for the April 2019 VAT changes?

VAT changed April 2019 Explained

Is your business ready for the April 2019 VAT changes?It’s now less than a year until businesses that file VAT returns will need to do so online via accountancy software. Apart of the Making Tax Digital (MTD) programme, the initiative means some 2.5 million VAT registered businesses in the UK with a turnover exceeding £85,000 will need to submit their VAT returns through software compliant with that of MTD rather than through the HMRC portal.

Both businesses and their accountants are therefore being required to set up and use online software such as QuickBooks, Xero and Sage.  But many companies are still unprepared for the changes. So what can you do to ensure you comply in time? Here, we offer some tips:

Educate yourself and your staff

The first thing to do is confirm – as soon as possible – that your organisation is subject to MTD. There are a few exclusions, including being subject to an insolvency procedure, or being a member of a religious society that has beliefs incompatible with using electronic communications.

If you aren’t exempt, you’ll need to sit down with your accountant to discuss how the changes will affect your business and come up with a new process for billing, preparing accounts and filing data. You can then begin to research different software options to see which would suit your company best.

Inform your staff

Allow your staff as much time as possible to get on board with the idea of digital accounting. Speak to them about what the changes involve and why moving to online accounting is necessary. You may then want to appoint a champion or group of champions – depending on the size of your business – to lead the introduction of the programme.

Introduce the software

Once you’ve found an online provider that fits with …

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New Techs And Gadgets That You Can Use In Business

The number of techs and gadgets are increasing constantly with the development of technology. Now more people are getting inclined towards using these techs and gadgets to make their work easy and more productive. In this article, some of the newest gadgets and techs that had been gaining popularity will be discussed.

New Techs And Gadgets That You Can Use In Business

VOIP phone system

They are the new generation phone system that connects your phone to the internet. It is better than a traditional landline in many ways. It can be used to call from a mobile, desktop and also be used to connect to software that are vital to the business. It has been giving business users many advantages and benefits in recent years.

New POS systems

POS stands for point of sale system. Due to the advancement in technology now there are many easy ways to monitor the pos systems. A touch screen pos system makes the job of monitoring the system very easy. New gadgets are on the process of being developed to make the system easier to monitor.

Wall mounted TV dashboard

Now it is common to see a wall-mounted TV dashboard in the office mostly situated in a place where most of the employees can see it. It displays a dashboard where maximum information on the performance of the team as a whole can be displayed. It keeps the team reminding that their efforts and performance are constantly being monitored and also evaluated. The TV dashboard is also used to display notices to the employees.

Earbuds

You would need to make many business calls in the office if you are in marketing or if you are in sales. Earbuds can keep your hands free so you can multitask while making a call. It is one of the best gadgets that can make your life …

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Mandatory Things to Consider Before Starting a Business – Startup Ideas

A great business idea can help to become the successful business. But the big question is where the business idea will come and how to implement it. A winning business idea is that you are really interested in that work and good enough to do and valuable. An idea is that makes any business successful. Your interest is what makes the business success that you have ever thought. Try the met pet printing to promote your new startup.

  • Do Your Market Research

You make something and provide in the market doesn’t mean that anyone will buy it. The first essential step is to research in the market about your reputation & the product you are providing there. Too many entrepreneurs are already in the market for their products. You need to research and analysis the data. A good market research helps you to survive in the market well.

  • Show Yourself the Money

The first thing to run any business is capital or finance support. Calculate the financial costs that you need, you have and that you use. You must have a plan to implement the money on your product or other causes such as promotions. Use Met Pet printing that is cost low as you are thinking and also effective.

  • Hire a Good Business Attorney

You should hire a good business attorney only when you need it. If you hire an unnecessarily attorney then it just increases the financial spends. Your attorney can suggest you many things to make your business better such as right business structure, drafting contracts. You can find the good attorney through the networking and also some referrals makes your search easy.

  • Decide on a Business Name

You should need to think too much about it as the peoples will recognize you with it. The name …

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