February is Random Acts of Kindness Month and top UK reward and incentives experts Appreciate, home of Love2shop, have developed a business tool for success that’s generated by goodwill.
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If your company is ready to grow, or you just want to improve your marketing strategy, there are several innovative ways to utilise advertising that you probably already have in place, as well as additional options you might also want to consider.
[continue reading…]Many social entrepreneurs are now starting businesses with the aim of making a profit and putting a percentage of that profit to good use, to ‘make a difference’. An increasing number of businesses in the UK are taking this approach and are putting social impact at the heart of what they do. It is also the case that many consumers want to buy from businesses which are making a contribution in the wider world.
Readers Question: I have a trading company with a high level of retained earnings. Rather than liquidate, I am thinking of taking £500k in dividends (grossed up to £555k) and then making a donation to the charity of say £500k (adjustable for tax efficiency), which would extend my basic rate band by £625k. Am I correct in thinking that this combination of dividend and charitable donation is a tax efficient way of charitable giving, in the sense that I would avoid the higher rate dividend taxes?
Giving back to the community and giving to charities has become a core part of most small business culture. From the Federation of Small Business (FSB), a ‘Small Business, Big Heart’ was published highlighting the ‘giving back’ attitude of small businesses in the UK. It is, therefore, the time for the Government to deliver on the National Insurance Contributions manifesto promise (NIC’s), which consisted of a year holiday from the NIC’s for small businesses.
Giving to charity is an honourable, kind-hearted thing to do, yet for many, the giving stops once we enter our office or place of work. Although putting money in charity collection boxes, donating to food banks and homeless shelters or even just volunteering an hour or two of our time is becoming increasingly commonplace, when we are at work, the options for giving seem to dwindle.
Getting free publicity for your small business is great. It means exposure for your small business and that can really help you expand your reach. There are multiple ways in which you can get free publicity for your business, which will ultimately help you get noticed. When running a small business, it may be difficult on focusing on exposure when your main concern is running the business itself. However, once you are in a comfortable state, it’s time to invest time in expanding and getting noticed.
