Posts tagged: small business

Choosing a Serviced Office

The use of serviced premises can offer significant benefits to business cost and efficiency. There are many companies out there offering the following services for your serviced offices Victoria.

Personalised Switchboard and Telephone System

Having the ability to catch every phone call is essential for a growing business. Your customers can be routed through a bespoke telephone answering service equipped to deal with their enquiries no matter when you’re in business. A number of serviced offices Mayfair, for example, even provide a receptionist whose only job is to answer your phones and provide a first-class professional service to your clients. Other useful services include extra rollover lines, voicemail, call patching, call screening and remote call forwarding.

High Speed Internet and IT Support

Hiring your own computer technology staff is expensive. Serviced offices that provide high speed internet access and tech support can be an invaluable tool for your business. Businesses without effective access to IT equipment and the Internet will look severely behind the times

Client Meeting Space

Face to face meetings with clients are always key somewhere in your process, but finding the space to do can be difficult for many smaller businesses. You will find serviced offices London have meeting space as a standard, and offer it to clients on a very short-notice basis. These spaces will come equipped with standard office resources. Completely furnished and supplied, the offices also contain white boards and audio/visual equipment.

Office Mail Receiving

It would be foolish to overlook mail as a communication channel, and even small businesses have need for post handling. By shopping around, you can get yourself an impressive postal address, gaining credibility for your company’s reputation.

Clerical Assistance

When you run your own business it is easy to get bogged down with clerical tasks. Rather than hiring someone into an official position, serviced office clerical support is the best compromise between cost and convenience. They can be part of your phone or customer facing team, whilst also dealing with paperwork filing and other organisational tasks.

Information On Business Telephone Systems

A telephone system is, arguably, the most important communication tool that you have in your office. It helps your business grow and helps you forge closer links with your clients. When it is time to buy a new system you need to think carefully about the telephone needs of your company. A wrong choice could cost you financially and ruin the good communication you have with your clients. The closer the fit between your company’s telephone needs and the system that you purchase, the more valuable it will be to your company. Consider the questions below before purchasing a system:

- How many calls does your current system need to manage and is that a number that is likely to increase?

- Do you need to purchase a phone system that is compatible with equipment and client management software that you currently use?

- Can you make a list of special features that you would like your phone system to have?

You also need to have a good handle on how many trunks and how many extensions you are going to need to fulfill your current needs as well as your future telephone needs. Trunks are outside lines and extensions are the lines used by modems, fax machines, and, of course, individual handsets. There will always be more trunks than extensions as many extensions can feed through a trunk. However, if you have too many extensions for the trunks to handle, your telephones will constantly be busy. This will frustrate clients who will need to constantly call back to get their call through.

If you are not sure what telephone system you need then you should contact a representative from a business telephone system supplier. The number of suppliers has grown dramatically in recent years, which is a good thing, but it can also mean that the vast number of options available become daunting. Bear in mind these points when considering which supplier to sign up with:

- What are credentials of the company and do they have reputation of providing a good service?

- Will they provide a complete package that includes software and cables?

- How much will the new system cost you in support and maintenance?

- Will training for the new system be provided and is it free or is there a fee and, if so, what will it cost?

Do not be afraid to speak to a number of suppliers. It is quite common for telephone service companies to offer demonstrations of their systems and features that the systems offer as well as offering to negotiate on the costs. You will get a better idea of the level of support the company offers if you take the time to sit down and talk with them and they, in turn, will be able to suggest options and features that you may not even be aware that you need.

More : Business Telephone Systems UK

Business Creations – How Do I Form a Ltd Company?

Contractor Question – How Do I Form a Ltd Company?…

Contractor Expert David Hughes from Accountants 4 Contractors replies…

There are several options available when forming a company and the easiest typically tends to be to use an Accountant to take care of the process and all paperwork for you.

The steps you should consider:

Firstly it would be wise whichever way you are considering forming, for you to have a look at Company names that are available and this can be done by reviewing the Companies House webcheck service.

If you find that the name is already highlighted then this means that the name is already in use, so another name choice would be required.

You will then need to consider whether you want to get professional help to set the company up, or complete this yourself.

Paper or Electronic Formation?

In the event you are conducting the formation yourself you may choose to complete the paperwork and these would include:

Memorandum of Association giving the names of each subscriber and authentication that they have agreed to become members of that company.

Articles of Association (unless the company adopts model articles in their entirety), describing how the company will be run, the rights of the shareholders, restricted objects if they have any and details of the directors’ powers

Benefits of Completing the Work by Different People

Formation agent they have experience in the formation process and can take a lot of the administration off your hands. These companies will have already taken time to draft Articles of Association which will save you time on this matter

Accountant formation Equally all the areas that the formation agent has worked hard on, such as the articles become part of the standard service for Accountants.

Timescales on Setting Up

Depending on how you form the company I would suggest that formation agents and Accountants will have the company registration all completed with relevant documents received (Certificate of Incorporation / M&A’s) within 24 hours. If this is done by post then this could take around a week.

Officer Requirements

Once again it is always seeking some advice before forming the company to ensure that all of your professional and personal circumstances have been considered. This will therefore ensure that the company is formed in the best and most appropriate manner.

Shareholding

You can appoint 1 person as the shareholder and then allot 1 share to that person and that will be sufficient to start the company.

Registered Address

In the event you form this company yourself the Registered address would be your own.

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Business Strategies Tips – Steel Residential Development Trends And Prospects In China

Green building materials and energy saving facilities, maximizing the use of available space, are the advantages of steel structure residential building. Implementation of factory production, and promote the industrialization of residential steel buildings, has a broad market prospect.

At present, China nearly 40 billion square meters of existing buildings, 99% are high-energy buildings; each year nearly 2 billion square meters new building in 95% of building energy consumption is still high, its energy consumption per unit area of about 28%, plus materials production of energy, the energy consumption for building energy consumption accounts for 40% of the total community.

If saving energy and building energy strongly promote the economic interests of their community and use the earth’s resources will have positive effects.Steel housing – high efficiency green building green building known as eliminate the production of steel for residential and other building materials sand lime brick damage to the environment and the impact of construction waste, construction noise is reduced to a minimum, seismic performance high, alteration and demolition easier, materials recycling and re-utilization is high, is the harmony between man and nature for sustainable development ‘green industry’.

The Chinese steel housing still in its infancy, although has made nearly 300 million square meters of building test, but the overall level of development is not high, generally remain in the place of traditional steel structure system plus the structure of boards and block wall system stage, not a substantive breakthrough.

The company needs the entire steel structure house, floor boards, wall to stop supporting R & D and industrialization.The company’s technology staff that if only a given part is steel, other parts are still using the traditional concrete and brick , then, not only can not the most optimal performance of the house, and works Zaojia not low.

Steel housing – the refinement of environmentally friendly residential construction steel structure itself is a refinement of environmentally friendly building. A 24-story building, with concrete construction, the pillar side length 1 m; use of steel construction, the safety standards under the premise of optimizing and fine design, the pillar side length of 0.5 meters, the cross section only one-fourth of the former. In the optimization space, lower cost, the latter are superior to the former.

In the steel structure design, designers through detailed design, in the premise of safety, to optimize re-optimization, while considering the safety factor, but also focus on the economic environment, to achieve beautiful, safe and economical combination of the three best.

In the production of the production process, Hangxiao strictly IS09000 standards of product by the process and quality control to ensure products meet the national standard level of 100 percent. Installation process is developed in detail, demanding specifications and standards.

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Business – Minimize My Tax Liabilities

A Contractor Asks:

“I am returning to contracting after 10 years of permanent employment. I have tried to do some research and read a lot of forums but the advice is conflicting to say the least.My natural instinct is to want to minimise my tax liabilities but I don’t want to take a risk to far what should I do?”

Contractor Expert David Colom of DJ Colom & Co responds:

Since then, we have had IR35, Section 660, managed service company legislation and a whole host of tax cases related to those changes.More recently, changes in legislation have forced high earning contractors to seek more innovative solutions involving Employment Benefit Trusts (EBT’s) and an element of offshore salary packaging services.With all of those choices, the decision making process is a lot more complex but essentially it boils down to your priorities as follows:-

1. Wish to be master of your own destiny in complete control of your transactions, bank account and all aspects of your business life.

The current legislation still allows you to take a low salary and high dividends just as you did 10 years ago, but you do need to keep a spreadsheet of transactions and keep up with all of the accounts, tax and administration responsibilities of being a director of your own limited company. For that, you would be best advised to engage a specialist Chartered Accountant who will provide you wish a comprehensive service for a fixed monthly fee so you know exactly where you stand.

2. You want a really simple carefree life with absolutely no risk whatsoever and you are more than happy to pay your full share of taxes to help minimize the National Debt.

Do not be tempted to make claims for expenses that you do not actually incur as you might be encouraged to do by some of the less scrupulous umbrella company providers.The concept of claiming “fairy-tale” expenses is tantamount to fraud and at high risk of Inland Revenue attack notwithstanding what some of the umbrella company salesmen will say.

3. Your priority is to minimize your tax liability, not be involved in any administration and minimize risks of HMRC attack.

Under current legislation, which is always subject to change, you could consider an offshore salary packaging service in conjunction with an employment benefit trust. There are a number of providers in the marketplace of varying quality and provenance, some of which provide a first class and fully compliant business model but sadly others which may simply be an attempt to copy a general business model but without the all important backup and “belt and braces” approach to compliance and implementation that you would hope for and expert.

This term is really quite subjective and often used in marketing campaigns by opposing providers of different business models who seek to create unjustified fear.It could also be argued that if you run your own limited company paying high dividends, that is also “aggressive”.

The term “risk” is also widely abused in marketing campaigns and by uninformed and unqualified commentators of various contractor fora. The uninitiated often see “risk” in anything that they do not fully understand or know how to implement in a fully compliant way. Taking “fairy-tale” expenses could also be considered a highly risky strategy in an umbrella company solution.

In summary, you need to consider your options as above and then perhaps talk to a qualified and experienced professional who can give you good advice regarding each of the different strategies available to you.

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Supply Chain : Save Time And Money With EDI

EDI, in a nutshell, is a way to communicate facts and figures between computer applications electronically, with little to no input from a real person. It is the backbone of most, if not all eCommerce, and all manner of software exists that can facilitate it, be it via the Internet, email, or even special connections between locations. You can do more with EDI than get invoices and buy things over the Internet. Read more »

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