Your Business Magazine

Current Issue: Spring 2010

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Message from The Vice Chair

Well here we are, already several months into the New Year and we seem to have all the problems of last year still with us. Operating a business in the current climate continues to be a challenge with cash management continuing to be a real issue, even with businesses that are currently trading successfully. These challenges will, I am sure, be with us all for the foreseeable future. The reality is that you need to adopt good business practices to running a business, no matter how small, at the present time. There is too much at risk to have a carefree approach. Whilst not ignoring financial matters our constituent business clubs and networks try to focus on developing members’ business opportunities in the best way they feel able. This is the aim of the monthly meeting. An opportunity for members to gain knowledge to benefit their business. Meetings are structured in a friendly relaxed way. Networking opportunities are there. Business is done. I am really pleased to see so many businesses joining their local club. Times of recession normally see a significant reduction in membership numbers however the majority of the clubs are experiencing increasing membership, as can be seen on the new member pages, as businesses seek new networking opportunities. Our magazine does truly get great reviews; there is so much information in it, especially for the smaller business. I would urge all businesses to fully utilise the magazine to promote their business to the wider northeast region. The local press picks up stories in this magazine. It is all free publicity for your business. Now who is going to say “no” to that?

VAT Returns - Major Changes in 2010

Sunderland based Chartered Accountants TTR Barnes are urging VAT registered businesses to get ready for major changes to VAT return filing and payment on 1 April 2010. HM Revenue & Customs (HMRC) has sent a leaflet to all 1.9 million VAT registered businesses alerting them to the fact that from April those with an annual turnover of £100,000 or more (excluding VAT) must file their VAT returns online and pay their VAT electronically. Businesses registering for VAT on or after 1 April 2010 must also file their return online and pay electronically, whatever their turnover. To file a VAT Return online, businesses new to HMRC's online services need to register for the VAT Online service by visiting www.online.hmrc.gov.uk.

Asbestos - The Facts

Every week 20 tradesmen die from asbestos-related disease. If you carry out work on a building that was built or refurbished before the year 2000, you could have been exposed to asbestos, without even knowing it. Asbestos is a hidden killer. So now's the time to get clued up on the facts, so that you, your workmates, your friends and family are protected. For further information visit http://www.hse.gov.uk/asbestos/index.htm

Derwentside Enterprise Agency - Workforce Development Team

Who are they:- Enabled by the Working Neighbourhoods Fund, Derwentside Enterprise Agency’s Workforce Development Team promotes the continuum of experience, learning, gaining skills and achieving qualifications. What do they do? We work with the businesses and the education establishments to create innovative activity that has mutual gains for both the employers and the schools or colleges. What do they want? Is your business interested in working with schools? We are interested in hearing more about your business and can tell you more about the education establishments in Derwentside. For more information visit www.derwentsideenterprise.co.uk Call Lester of Louise on 01207 585804

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