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Millennials ‘the most entrepreneurial generation’


The millennial generation is the one who is most keen to set up their own small businesses in the future – and has the right attributes to make their ventures successful, according to a recent study. Exactly half of adults aged 23 to 38 expressed their hope that they will one day run their own business, with 35% going as far as to call it a life goal of theirs. And the motivation to set up a successful SME was not just about higher financial return but involved work-life balance and job security.https://bit.ly/2UHeIBn 

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The perks of being an al desko worker


When the weather is inclement taking your lunch at your desk has obvious appeal because who wants to eat a sandwich in the park in the wind and the rain? But should you be eating while working and who benefits, you or your employer? Can an employer dictate what you can and cannot eat in the workplace and should they subsidise lunch as a perk if you are eating while working? Would it be better to “get off the hamster wheel” and take some time away from the desk and mingle with colleagues instead? Some thoughts: https://bit.ly/2Het1Gc 

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How to measure and manage your customer success managers


The role of the customer success manager (CSM) is relatively new in business, but is being implemented by more and more companies and is in fact one of the fastest growing jobs in countries like Australia, India and the US. But it is not for every organisation. So how do you decide whether your business needs a CSM to help improve customer satisfaction and therefore promote customer retention? And what KPIs should be set to measure and manage the CSM in your firm? Here’s some considerations: https://bit.ly/2BVD5Q6 

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Why millions of people want to become self-employed in 2019


According to research more Brits want to work for themselves with 2.6 million saying they want to start their own business in 2019. A further 15% say they want to go it alone in the next few years but aren’t ready to do so yet, and 26% said they would like to but haven’t any set plans to do so. Most likely reasons to do so are about life and enjoyment rather than finance with 45.6% saying they wanted a better work/life balance but only 28.9% said their reason was to earn more money. https://bit.ly/2E5zIrw 

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Shoestring startups: Build a business on less than £500


Many people dream of starting their own business and enjoying the obvious benefits of being their own boss, but for many it remains a dream as only the few are bold enough to take the plunge. Several factors come into play but finance – or lack of it – is invariably the key deterrent. So can a business start and be successful with minimal initial investment needed? Here are seven examples of now highly successful businesses that started on a shoestring budget of less than £500: https://bit.ly/2Md4GPS 

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Payslip policy: a guide to the new legislation


The Department for Business has published guidance on payslips to help employers comply with new legislation coming into force from April 2019. The payroll changes require all workers – including permanent, casual and zero hours – to be provided with written, printed or electronic payslips which are fully itemised detailing how any payment was calculated.  Business owners are being advised to act now so they’re ready by the deadline. https://bit.ly/2WE7smX Contact us to transfer this burden https://bit.ly/2RtnbGI

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Cloud Accounting – Make sure your business accounting is online safely with the help Davenports team.


What is Making Tax Digital? Making Tax Digital (MTD) is a new tax initiative that will see UK businesses submit digital updates to HMRC once per quarter. Going digital will see our tax system become more efficient, and make it easier for UK businesses to stay on top of their tax affairs.When are we Making Tax Digital? From April 2019, businesses registered for VAT above the threshold of £85,000 will have to start keeping digital records and submit digital VAT returns to HMRC.You can find out if that applies to you using our MTD calculator on this page.Making Tax Digital for income tax and corporation tax will come into effect once the VAT scheme has finished a successful rollout. This is currently projected to be from April 2020. Once dates have been formally announced, we’ll let you know what to do next.Take a free trial of KashFlow with Davenports click on link below safe and secure – https://bit.ly/2EGsEC9 

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Payslip policy: a guide to the new legislation


The Department for Business has published guidance on payslips to help employers comply with new legislation coming into force from April 2019. The payroll changes require all workers – including permanent, casual and zero hours – to be provided with written, printed or electronic payslips which are fully itemised detailing how any payment was calculated.  Business owners are being advised to act now so they’re ready by the deadline. https://bit.ly/2WE7smX Contact us to transfer this burden https://bit.ly/2RtnbGI

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Cloud Accounting – Make sure your business accounting is online safely with the help Davenports team.


What is Making Tax Digital? Making Tax Digital (MTD) is a new tax initiative that will see UK businesses submit digital updates to HMRC once per quarter. Going digital will see our tax system become more efficient, and make it easier for UK businesses to stay on top of their tax affairs.When are we Making Tax Digital? From April 2019, businesses registered for VAT above the threshold of £85,000 will have to start keeping digital records and submit digital VAT returns to HMRC.You can find out if that applies to you using our MTD calculator on this page.Making Tax Digital for income tax and corporation tax will come into effect once the VAT scheme has finished a successful rollout. This is currently projected to be from April 2020. Once dates have been formally announced, we’ll let you know what to do next.Take a free trial of KashFlow with Davenports click on link below safe and secure – https://bit.ly/2EGsEC9 

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How small firms can find success in the US


A large number of small British companies have found success in the USA in recent years, but success stateside it is not easy to achieve. UK firms, for instance, will need to adopt a bespoke Marketing strategy and can expect to add 30% to UK costs. But it can be done with some simple homework. A good first move is to hire a lawyer to help staff recruitment and it is advisable to know local legislations. If the operation is cross-Atlantic then give each US worker a UK mentor. Here’s how to break America: https://bit.ly/2ttkDtD 

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