With the run up to Christmas and New Year fast approaching, this week’s news roundup shows both prospects and delays for small businesses across the board. Read to find out about which news has been hitting the headlines this week…
Feature of the week
VAT changes for digital services | freshbusinessthinking.com
From 1 January 2015, businesses offering online services (such as retail) to non-business customers will need to charge and account for VAT in each member’s country they sell to. HM Revenue & Customer (HMRC) has introduced a scheme called Mini One Stop Shop (MOSS) to help make the process easier for business owners.
From legislation changes to government intervention, have a look at what other headlines have been big this week.
Small businesses facing ‘bullying’ by corporate customers | The Guardian
One in five firms are currently suffering from supply chain bullying by larger firms, according to the Federation of Small Businesses. Practices include the “pay-to-stay” demands Mr Kipling cake maker Premier Foods asked of their suppliers, where they were asked to make cash payments to keep their contracts. This article discusses the impact it has on small businesses and the following investigation into the issue.
The major courier firm, Yodel, has announced that they are stopping parcel collections from retailers due to the up-surge of online orders created this holiday from both cyber Monday and Black Friday sales. Read this press release to see how it will affect deliveries over the Christmas period.
Growth ambition apparent among small companies | smallbusiness.co.uk
The recently released Small Business Finance Markets 2014 report indicates that 54 per cent of high street companies are planning for growth in the next year. However, a significant barrier still remains for small businesses. This feature focuses on key statistics of the report and its impact on local companies.
There are different ways to achieve publicity and this feature article discusses how a small, unheard of business came to a mutual agreement with celebrity Sophie Ellis-Bextor at a low cost. It helps indicate that not only the big businesses can gain celebrity endorsements, and that of a changing market focus.