The lockdown period created many new and unfamiliar challenges for all of us. Few businesses, if any, have been left unscathed during the past few months. There are still many unknowns ahead, but as lockdown restrictions continue to ease in some areas and schools begin to reopen, businesses too are preparing for the ‘new normal’. 

Small businesses have been rightly focussed on survival and recovery, but there are a number of policy and broader business updates on the horizon. To help you plan for these, we’ve created a list of things to consider.   

Making Tax Digital for VAT

It’s been nearly three years since the very first digital tax pilot from HMRC, commonly known as Making Tax Digital (MTD). Initially, HMRC required UK businesses above the VAT threshold to process their returns digitally. It has now been announced that businesses below the VAT threshold must also be compliant with MTD,

It’s no secret that businesses face a challenging environment right now. Late payments remain a major issue, and many businesses report feeling unsure of their financial position due to slow or insufficient data. And beyond just harming businesses, these stresses can spill over into the personal lives of owners and employees, causing additional harm in an already tough time.

GoCardless brought experts together to offer business owners some expert guidance on all things pricing and invoicing. Rachel Astall, Head of Global SMB Platform Partnerships at GoCardless and I spoke with fellow panelists:

  • Philip King, the UK’s Small Business Commissioner; and
  • James Ashford, Founder of GoProposal.

The discussion centred on the two key stages of the order-to-cash cycle, and we’ve gathered the key insights here to save you time.

All about pricing

Pricing correctly is the key to profitability and longevity. According to James, there are three ways that a lot

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As a website owner, writer, blogger or social media influencer you work hard creating quality content. Chances are you dream of finding the best ways to make money from your efforts — and that includes the best affiliate programs.

Savvy content creators look for the highest earning opportunities that are relevant to their audience. That way they can earn cash at the same time as they serve their readers, by highlighting products and services they’ve taken the time to investigate and carefully select.

The great news is that even people with small social followings or the owners of small blogs can make money from their content. With affiliate marketing you can literally earn while you sleep — waking up to see a nice juicy commission in your dashboard. Wouldn’t that be wonderful?

Get ready for Xero’s ‘On Air’ debut, starting Monday 14 September. This is our first ever free-to-watch digital customer series, designed to connect and share with our community in a brand new way.

We’ll be sharing bite-sized episodes featuring industry experts, panel discussions and the latest product enhancements. The content spans global topics and regional deep dives so there’s something for everyone.

Register here or read on for a sneak preview of some of the exciting episodes coming to a screen near you. 

NOW

Watch the ‘NOW’ episodes to hear more about what’s happening across the global small business community from the impact of COVID-19 on economies, to how to make yourself and your business more resilient.

A stop start recovery: What Xero’s Small Business Insights show us

Xero Small Business Insights (XSBI) provides a picture of the impact that COVID-19 has had on small businesses in New Zealand, Australia