Complete One urges business owners to stay up to date with key business changes that will be occurring this year to ensure their stability, future prospects and profits are not hindered due to negligence.
2016 has already seen some key business changes announced by the UK government which have had a severe impact on the future of some UK businesses. Moving deeper into the second half of 2016, there will be many more changes happening that businesses need to be aware of that could severely affect business stability, future prospects and profits. Complete One warns businesses that they need to be aware and prepared for more changes including:
The increase of the National Living Wage - In April, 2016, the National Living Wage was increased to £7.20 per hour, which has resulted in a lot of businesses (large and small) having to budget for these changes. Small businesses will have been hit harder because of the limited resources to go around fairly.
Dividend tax regime - Businesses don’t have to pay tax on the first £5,000 of dividends, but new rates have been announced for dividends over that threshold.
Brexit - The UK’s decision to leave the EU in June 2016 will have reverberations on UK businesses because there will be significant changes to trade deals and the UK economy will be in a state of unpredictability due to the level of uncertainty surrounding Britain’s economy.
Visa Debit fees - Changes to the way that Visa Debit fees are calculated will come into force in September 2016.
Complete One is an outsourced sales and marketing firm, specialising in face-to-face promotional marketing and sales campaigns. The firm specialises in creating a consumer base for their clients through creative business strategies and effective techniques acquiring new customers and raising brand awareness. At Complete One, they believe this face-to-face marketing is the best platform for engaging with customers and generating both high quality results.
Complete One highlight the importance of staying up to date with business changes and how failing this can cause a detrimental impact to stability, finances, future prospects. The firm consistently stay up to date to ensure they are not left behind their competitors and remain a strong force within the industry.
Date Published: 11th August 2016
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