GDPR is coming into force in May 2018. But how worried should B2B lead generators REALLY be?
We know it is big news for the B2C firms but if you are selling to other businesses not individuals, what exactly applies?
In this webinar we focus on the impact on B2B lead generation and what is needed to be compliant. We also cover off what marketers should be doing according to the spirit of GDPR rather than the letter of GDPR.
Industry Expert Mark Gracey presents ‘GDPR’
If you’ve not already started thinking about GDPR and how it will impact your business, time is running out. It comes into force on 25th May 2018!
If you want to understand more about what the GDPR means for your small/medium sized business and the best practical approach to complying in time for the deadline, join this Industry Expert session where we’ll be joined by Data Compliance Expert, Mark Gracey from Flavourfy Digital. Mark will be covering data protection basics, a look at the most significant changes for small/medium businesses and practical tips on what compliance looks like followed by a Q&A.
09:00 Refreshments & Registration
09:30 Mark Gracey ‘GDPR’ presentation
11:00 Q&A open to the audience
11:30 End of session.
Availability to stay for refreshments and networking
With the GDPR deadline looming on the horizon (25th May) there’s no better time to be thinking about how your business should be getting ready and putting a plan in place to deliver compliance.
Being prepared is about understanding what the GDPR means for your business and analysing what needs to be done to meet GDPR compliance by May.
Join this free webinar during GDPR Week (12 – 16 Feb) to discover what you need to do to get a plan in motion. We’ll be covering:
Join The Chartered Institute of Marketing (CIM) and Mark Gracey from Flavoury Digital to discover the impact GDPR and new privacy regulations will have on marketing and digital marketing disciplines.
The evening event, on 8 November at Bournemouth University’s Lansdown Campus, will include practical guidance to help marketers and SMEs ensure their businesses are compliant when the Regulation becomes law in May 2018.
GDPR and marketing – practical guidance to meet compliance
Date: 8 November 2017
Time: 18:00 – 20:00
Venue: Lansdowne Campus, Bournemouth University, 89 Holdenhurst Road, Bournemouth BH1 3LH
Cost: CIM Member: £20.00, CIM Studying member: £10.00, Student: £10.00, BCTC Member: £20.00 Non-member: £25.00
For further information and bookings:
telephone: 01628 427340
With the build up to XeroCon in October, Xero have gone very quiet on the update front. Word has it that we can expect some rather exciting updates to be released at XeroCon so we will keep you posted.
So, what has happened in the past month?
1) Depreciation – There have been two main updates here. The first being that you can now easily roll depreciation forward for the months were there are no depreciable assets. Previously you had to create a dummy asset to achieve this. The second update is the addition of a Pool Detail Report, allowing for significantly improved depreciation reporting.
2) Auto-enrolment – The only real change here is an improvement to the on-boarding process for both the auto-enrolment and pension syncs.
3) Statutory Sick Pay – Again, a very minor change but a number of new statutory payment types have now been added, which should make your payroll process a little easier.
4) iOS – The iOS app has undergone quite a significant change, albeit to many minor features rather than one or two major changes. The most significant of these are the improvements to the dashboard – allowing you to view overdue invoices, unpaid invoices, approved expense claims and quotes sent. You can now also add / edit contacts with the app. The biggest improvement for us has been the integration of Xero contacts with Apple Spotlight.
Xero Tip of the Month
Multiple PagesYou can view multiple pages in your Xero organisation at the same time by using tabs: • To open a link in a new tab on a PC, right-click on a link and select Open a new Tab. • To open a link in a new tab on a Mac, hold down the Command key and click on the link.Do not use tabs to view multiple Xero organisations.
Multiple OrganisationsIf you need to view multiple Xero organisations at the same time, open each organisation in a different browser. For example, log in to your first organisation in Chrome and your second organisation in Safari.
If you don’t use separate browsers, your changes may be saved in the wrong organisation. Different browsers ensures that each organisation has its own separate data session.
Xero Add-on Review
Do you have a lot of recurring invoicing on Xero? It’s nice to know just how much your monthly billing will be worth across the next 12 months, especially if you’ve been winning a lot of new clients. Well, in this edition we will be looking at DonkeyBean.
DonkeyBean is a great, inexpensive, app that allows you to easily run reports looking at what your monthly billing will be each month. You can also drill down into this and see which repeating invoices are due to end soon. A very simple idea, that provides exactly the information you need.
High value dealers need to register for cash payments
Businesses accepting cash payments of €10,000 or more in exchange for goods are required to register with HMRC under money laundering regulations (MLR).
Recent changes to regulations mean that companies accepting cash payments on or above the threshold limit (or equivalent in sterling) will be classed as high value dealers.
Transactions that are considered high value payments include: • single cash payments of €10,000 or more for goods • several payments for a single transaction totalling €10,000 or more • payments of €10,000 or more divided into smaller amounts so they come below the high value payment limit.The types of businesses that may be classed as high value dealers include: • jewellers • dealers in cars, boats, art or antiques • builders • bathroom or kitchen suppliers • auctioneers and brokers.Registering
If your company is currently accepting or making high value cash payments then you are immediately obliged to register with HMRC under MLR.
There is a non-refundable fee of £100 when you first register and you must pay £115 for each of the premises you include in your application. You will not need to register under MLR if your business: • only receives payments for services or for a mix of goods and services where the value of the goods is less than €10,000 • only accepts large payments by credit card, debit card or cheque. We can assist with your business compliance.
Rising national living wage hits SME profits
64% of small businesses are seeing profits fall as a result of the national living wage (NLW) rise, according to research.
The NLW increased from £7.20 to £7.50 per hour on 1 April 2017.
Out of 835 businesses surveyed by the Federation of Small Business (FSB), 39% have put up prices to cope with the NLW increase.
Almost one in four (24%) firms either cancelled or downscaled investments, while 22% reduced working hours and 19% hired fewer employees.
43% of businesses increased wages in line with the NLW, suggesting the majority of owners are already paying their workers above the new rate.
Mike Cherry, national chairman at the FSB, said:
“Small businesses owners have demonstrated their resilience in meeting the challenge set by the NLW, with many cutting their margins or paying themselves less to pay their staff more.
“In sectors where margins are tight, small firms are resorting to more drastic measures to cope with the NLW. It is vital the NLW is set at a level the economy can afford, without job losses or harming job creation.”Dealing with the wage rise
Less stressful, but far from straightforward, ways to manage the costs of the NLW include: • increasing productivity • streamlining your processes • passing on additional costs on to your customers.Penalties
If you fail to pay staff the NLW, you will face a fine based on the underpayments.
The penalty for firms who do not comply with the NLW is 200%, although this will be halved if employers pay within 14 days. The overall maximum penalty is £20,000 for every underpaid worker.
Recruiters working harder to fill vacancies
Recruiters are finding it difficult to hire new staff due to increasing competition for highly skilled employees, a study has found.
Of 400 recruitment agencies surveyed by IHS Markit for the Recruitment and Employment Confederation (REC), 40% found the availability of temporary staff had got worse in July 2017 compared to the previous month (35%).
In addition, 43% said it was the same for permanent staff (up from 41% in June).
This has generally resulted in permanent staff commanding better starting salaries, with earnings growth reaching a 20-month high.
Demand for staff in private sector businesses outpaced demand in the public sector over the same period, while the biggest increases in year-on-year demand for workers was felt in: • engineering (66% – up from 57% in July 2016) • accounting (65% – up from 56%) • IT (65% – up from 57%).Kevin Green, chief executive of the REC, said:“It’s clear employers are having to work even harder to fill jobs as vacancies rise and candidate availability shrinks.
“Employers are not just struggling to hire the brightest and the best, but also people to fill roles such as chefs, drivers and warehouse workers.”
With employers facing stiff competition for staff, it’s proving more challenging to attract and retain the best talent.
There are ways, however, to attract new workers or retain your existing skilled staff. These include: • offering flexible working arrangements • investing in career development • providing additional benefits, i.e. attractive pension contributions, company cars, entertainment incentives • performance-related pay rises.Get in touch to discuss your business.
Businesses urged to prepare for Data Protection Bill
Individuals will be able to legally ask businesses to delete certain personal data under new proposals outlined in the Data Protection Bill.
The Bill forms part of the EU’s General Data Protection Regulation (GDPR), which is due to come into effect on 25 May 2018.
The legislation will allow individuals greater control over their personal data, including the right to fully close accounts or data to be erased.
Some of the proposals outlined in the Bill include: • making it simpler for people to withdraw consent for the use of their personal data • allowing people to ask for their details to be deleted • requiring companies to obtain ‘explicit’ consent when they process sensitive personal data • making it easier for people to require firms to disclose the personal data they hold on them.Adam Marshall, director general of the British Chambers of Commerce, said:“This is a complex set of changes, so firms must be helped to get them right – and no small or medium-sized business working hard to adapt to the new regime should be hauled over the coals for unintentional mistakes in the early days.”
Businesses need to manage and secure data property or risk significant fines if they fail to protect data or suffer a breach.
Some steps you can take to prepare for GDPR include: • reviewing and updating your existing data protection policies • reviewing and updating your policies and privacy notices • use of up-front payments or taking down payments • having suitable systems in place to manage potential data breaches.Chat to us about how this may affect you.www.taylorcocks.co.uk email@example.com 0330 088 7111
Join Bournemouth Chamber and guest presenter Mark Gracey from Flavourfy Digital in a Training Seminar this September.
The General Data Protection Regulation will become law in the UK in 2018 and will impact any business that processes personal data. Mark Gracey from Flavourfy Digital will take you through how data protection is changing, how it will impact your business and what you can do be prepared for the May 2018 deadline.
Time: 4:30p.m. till 6:30p.m
Location: The Factory CoWorking Hub | 14 Alder Hills | Poole | BH12 4AS
Members: Free – Non Members: £10
Refund Policy – 7 days: Attendees can receive refunds up to 7 days before your event start date.
To find out more on how to become a member, please visit: http://www.bournemouthchamber.org.uk/members/
Places are limited, only registered guests will be guaranteed entry.