25 Years and Still Loving It

So, as of 12th Feb 2021, I will have been in business for 25 years.  In that time, my business has supported over 300 other business across Scotland and beyond and I still love it (well once January is out the way for another year)

To be honest, being an accountant was all I ever wanted to be (weird, I know, but ‘each to their own’ as the saying goes). What I didn’t know back then, when I started out, was what a roller coaster the journey would be.

I don’t think it matters what kind of business you are in, it’s almost always a rollercoaster of some kind and I’ve learned a huge amount on the way -  about myself and about business and I thought I’d share my top 5 pointers for staying the course in business. 

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Apply to import multiple low value parcels on one declaration from january 1 2021

 (From the EU into Great Britain) from 1 January 2021

The Government has issued guidance on importing goods from the EU to Great Britain from 1 January 2021.

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Customs Declarations

From 1 January 2021, if you are a UK-based business bringing or receiving goods from the EU, you must complete an import declaration to get your goods through customs.

You can do this yourself, but as completing a customs declaration can be complicated and you will need compatible software to do it, many smaller and medium sized importers typically use a specialist. Please see our guide entitled “Importing goods from the EU to Great Britain from 1 January 2021” if you are thinking of this approach.

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Exporting - Getting an Eori Number

From 1 January 2021 you need an EORI number to move goods between the UK and the EU.

You can apply for your EORI number in advance. It can take up to a week to get one.

You will not usually need an EORI number if you only:

  • provide services
  • move goods between Northern Ireland and Ireland  
  • If you use a post or parcel company they will tell you if you need an EORI number.
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Exporting goods from great Britain to the EU

From 1 January 2021, you will need to make customs declarations when exporting goods to the EU. These rules currently apply to exporting goods to the rest of the world, including Switzerland, Norway, Iceland and Liechtenstein. 

You can make the declarations yourself or hire someone else such as a courier, freight forwarder or customs agent.

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Brexit Trade Agreement

BREXIT TRADE AGREEMENT

The transition period for the UK leaving the EU has ended. The EU and UK have struck a trade deal, and this has been ratified by the UK Parliament so from 1 January we are trading with the EU quota and tariff “free”. There are new Customs regulations and VAT requirements to get to grips with, but we have every confidence once we get used to the new system imports and exports will continue to flow.

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Value to existing customers

Needing a Boost for your Business.

Working with clients on their business numbers means I often hear that a major challenge for business owners is getting more sales. It’s become obvious to me that marketing is a critical business skill for business owners, but that one of the most overlooked elements of marketing success in small businesses is communications with existing customers.

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