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mindspaceoutsourcing123 · 3 days ago
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Top Benefits of Outsourcing Bookkeeping and Accounting Services in UK
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For businesses in the UK, managing finances is critical to long-term success and growth. However, bookkeeping and accounting tasks can be time-consuming, especially for small to medium-sized enterprises. Outsourcing these services to a reputable accounting firm can save time, reduce costs, and provide access to expert financial guidance. Below are the top benefits of outsourcing bookkeeping and accounting services in the UK.
Top Benefits of Outsourcing bookkeeping and accounting services
1. Cost Savings
Hiring in-house bookkeepers and accountants can be costly when considering salaries, benefits, and training. Outsourcing to an external provider can help reduce these expenses, providing businesses with flexible payment plans based on their financial needs. For companies in need of bookkeeping services in London or across the UK, outsourcing is a cost-effective way to access professional support without the commitment of full-time employment.
Must Read : Increasing Revenue and Productivity With Excellent Bookkeeping and Accounting Services
2. Expertise and Accuracy
Outsourced providers typically have a team of experienced accountants and bookkeepers with up-to-date knowledge of industry standards and regulations. This expertise can lead to increased accuracy in managing your finances, ensuring compliance with HMRC requirements. With professional bookkeeping services in UK, businesses can focus on growth while trusted experts handle their financial records accurately.
3. Time Efficiency
Time saved on bookkeeping and accounting can be invested back into core business activities, such as sales, marketing, and customer service. For small and medium businesses, outsourcing accounting services allows management to prioritize growth and productivity rather than spending valuable time on financial paperwork.
4. Access to Advanced Technology
Accounting service companies often use advanced financial software and technology to streamline processes and enhance reporting accuracy. Outsourcing provides access to these cutting-edge tools without the need to invest in expensive software or training. The use of advanced accounting systems helps maintain organised and accessible records, making it easy for businesses to generate reports, track expenses, and analyse cash flow.
Suggested Read : E- commerce Bookkeeping and Accounting Tips for businesses
5. Improved Financial Decision-Making
Outsourced accounting services for business provide timely and accurate financial insights. With access to up-to-date financial data, business owners can make well-informed decisions, whether it’s about expanding services, managing cash flow, or optimising budgets. Reliable accounting services in UK can contribute significantly to better financial planning and strategy.
6. Scalability
Outsourced bookkeeping and accounting services offer flexibility as your business grows. Whether you need basic bookkeeping support or comprehensive financial management, outsourcing providers can scale their services to meet your business’s evolving needs. This scalability makes it easier to manage the ups and downs of financial demands without sacrificing quality.
7. Compliance and Risk Management
Regulations and tax requirements in the UK are complex and ever-changing. Working with a trusted accounting provider ensures your business remains compliant with current legislation, reducing the risk of penalties and audits. Outsourced providers stay up-to-date with changing regulations, so your business can avoid compliance issues and financial risks.
Suggested Read : Everything to Know About Accounting and Bookkeeping Service Providers
Conclusion
Outsourcing bookkeeping and accounting services in UK provides numerous benefits, from cost savings and access to expertise to improved time management and enhanced financial insights. For businesses looking for bookkeeping services in London or comprehensive accounting services across the UK, outsourcing is a strategic choice that helps drive growth, ensures compliance, and supports better financial decision-making. Embracing this approach allows businesses to focus on what they do best while leaving financial management in the hands of skilled professionals.
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majesticaccountants · 3 months ago
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Comprehensive Chartered Accountants Services in London
London, a global financial hub, is home to businesses of all sizes, from multinational corporations to small startups. In this dynamic economic landscape, the role of chartered accountants is indispensable. These professionals provide essential services that help businesses navigate complex financial regulations, optimize tax strategies, and maintain compliance with the ever-changing legal framework. Whether you’re a business owner or an individual looking to manage your finances better, understanding the value of Chartered Accountants Services London is crucial.
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Why Choose Chartered Accountants?
Chartered accountants are highly qualified professionals who have completed rigorous training and examinations. They are members of professional bodies such as the Institute of Chartered Accountants in England and Wales (ICAEW), which ensures they adhere to strict ethical standards and continue their professional development. This commitment to excellence makes chartered accountants uniquely positioned to offer high-quality financial services.
Core Services Offered by Chartered Accountants
Chartered accountants in London offer a wide range of services tailored to meet the diverse needs of their clients. Some of the core services include:
Tax Planning and Compliance
Tax laws in the UK are complex and subject to frequent changes. Chartered accountants help businesses and individuals navigate these complexities, ensuring compliance with all tax regulations. They offer advice on tax planning strategies to minimize liabilities and maximize savings. From corporate tax to personal income tax, their expertise can lead to significant financial benefits.
Audit and Assurance
For businesses, regular audits are crucial to maintaining transparency and trust with stakeholders. Chartered accountants provide independent audit and assurance services, evaluating financial statements to ensure accuracy and compliance with accounting standards. This service is particularly important for companies looking to attract investors or secure loans.
Financial Reporting
Accurate financial reporting is the backbone of any successful business. Chartered accountants help prepare financial statements that comply with local and international accounting standards. This service is vital for companies operating in London’s highly regulated environment, where accurate financial reporting can mean the difference between growth and stagnation.
Business Advisory Services
Beyond traditional accounting tasks, chartered accountants offer strategic business advisory services. They help companies develop growth strategies, manage risks, and improve operational efficiency. Whether you’re looking to expand your business or streamline operations, their insights can provide a competitive edge.
Payroll Services
Managing payroll can be time-consuming and complex, especially for businesses with a large workforce. Chartered accountants offer payroll services that ensure employees are paid accurately and on time, while also managing tax deductions and compliance with employment laws.
Personal Financial Planning
For individuals, Chartered Accountants in Ealing provide personalized financial planning services. This includes everything from retirement planning to estate management. Their expertise ensures that your financial goals are aligned with your current assets and future aspirations.
Choosing the Right Chartered Accountant in London
With so many firms offering chartered accountancy services in London, choosing the right one can be challenging. Here are some tips to help you make an informed decision:
Experience and Expertise: Look for firms with a proven track record and experience in your specific industry.
Reputation: Check for testimonials, reviews, and any professional accolades that demonstrate the firm’s credibility.
Personalized Service: Ensure that the firm offers a tailored approach to meet your unique needs.
Technology Integration: In today’s digital age, a firm that leverages technology for efficient service delivery can offer added value.
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efjconsulting · 8 months ago
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Efj Consulting Provides Specialist accountants in Bexleyheath and Tax Support
In the United Kingdom, EFJ Consulting is a well-known accounting and tax consultancy. Our accountants in Bexleyheath is well-versed in corporation tax returns standards and how to adjust them to business requirements. Maintaining proper financial records is crucial for all organizations, particularly those that are just getting started. Not only does it make budgeting easier, but it is also essential for tax purposes. Many firms can face disaster if their bookkeeping and VAT records are not kept up to date. Tax audits, client loss, fraud, or the inability to acquire new services or accurately price items may have negative consequences for firms. Keeping financial records, on the other hand, may be more challenging for certain businesses than it appears.
Our Services:
vat on entertainment uk | cfo services for small business | management accounting consulting | vat assessment expert consultant | vat consultants london | cis self assessment tax return | corporate tax consultants | limited company accounts in london | company formation experts | cis accounting | accountant bexleyheath| 
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hudsonmckenzie · 2 years ago
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How intellectual property law impacts small businesses in UK?
Businesses can take on small but practical steps to protect their fixed assets, prefer their stock and equipment. But unnoticeable assets can be difficult to secure.
Intellectual property (IP) denotes to an intangible asset. Your IP isn’t physical in essence, but patents, trademarks and copyrights are meant to bring in indispensable value to your business.
What does IP mean?
Your IP is somewhat distinctive that you create. Ideas are not considered as IP under UK law, but things that come up from a concept too. This could be a big innovation, the name of your product, your brand, your services, or even the look of your products.
But in case when businesses bring in something to the global landscape, there’s a chance the work might get replicated. This risk is increased by the internet, which makes it calmer for unique IP to be stolen.
Small businesses specially need to guarantee that they’re securing their IP, as competitors can feasibly copy ideas. If your business is based around your IP and someone steals it, you carry the risk of wasting market share – but there are rights and protections that make it easier to go ahead with a legal action.
According to the leading law firms in London, “Even if your business doesn’t count on around your great idea, it’s necessary to be aware of intellectual property law to make sure you’re not inadvertently stealing somebody else’s IP.”
How to safeguard IP?
How to protect IP
You obtain some intellectual property rights automatically but, basis on the kind of IP, you might need to approve. It’s a great idea to take a comprehensive look at your business to find out what IP you have that needs defending. This is known as an IP audit and it should help you worth your IP assets just as you would your physical possessions.
There are law firms in London that can help you with protecting your unique work and products. There are different types of IP one can register. You should ensure that they meet the standards for registration before moving ahead:
Trademarks: You can safeguard words, images, slogans, and others under trademarks. This can help you guard a distinctive brand. Your trade mark must be exclusive and can’t be deceptive or non-distinctive. It also can’t define the goods or services it relates to – so striving to trade mark ‘lawnmower’ for a new lawnmower won’t cut it. A general online trade mark application comes at a cost of £170.
Registered designs: you can roll the appearance of a product you’ve made, as long as if it’s novice and unique. You can shield its look, physical form, decoration and the formation, which is how different parts of the design are settled together. Registering a design makes it feasible to handle any violation legally.
Patents: These move ahead than safeguarding your design – they can shield a new invention, such as a tool or machine, and how it performs. You can only obtain a patent if your invention is a kind that can be made (or used), it’s new, and not just a modification to something that already in place. Patents are costly, with differentiated fees involved at various stages of the process.
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leftpandatimemachine · 4 years ago
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Dallas B2b Tech Pr Firm Blog
The agency also offers strategic marketing plans, digital marketing and brand experience solutions to achieve growth in any industry. Since 2002, its team of about 30 specializes in digital strategy, branding and marketing strategy. DeSantis Breindel mainly works with mid-sized and enterprise-level clients in the information technology, business services, financial services, healthcare & medical, legal and manufacturing industries.
However, if you just need a new logo, your costs could drop to $3,500 to $150,000. Arby’s is the second-largest sandwich restaurant brand in the world with more than 3,400 restaurants in seven countries.
Established in 2006 by Narelle Morrison, Ian Hood, and Jenny Mowat in London, Babel PR’s portfolio comprises companies such as Vertical Aerospace, Mirakl, and Parallel Wireless. Silicon Valley-based Hedge Trackers provides SaaS software, analytics, consulting and outsourcing services in support of corporate hedge programs. The company had a great story to tell, but its marketing message was fractured – its technology, consultants and CEO were basically separate brands. Altitude was the B2B agency that offered the bandwidth, expertise and strategy to leverage a sterling reputation.
Clarity PR is a global integrated tech branding agency that is focused on storytelling about brands that are driving change with technology. It serves clients ranging from entry-level startups to industry experts. Clarity PR’s team focuses on solving communication challenges and drive real business results with paid, owned, and earned strategies and proprietary technologies. The other services offered by the company include media relations, strategy and counsel, social and digital, and content studio. Founded in 2013 by Sami McCabe, Clarity has offices in London, New York, San Francisco, and Los Angeles and serves clients including Bambuser, Hired, and ChargePoint. First and foremost, we're a user experience agency, branding is an integral part of any UX UI design project.
Rapunzel Creative is a boutique marketing firm and advertising agency in Bergen County, NJ that helps businesses grow through strategic planning and advertising. Our services include marketing plans, corporate branding, logo design, graphic design, website design, email marketing, social media strategy and management, copywriting, SEO and video production. Rapunzel Creative is a woman-owned business, certified by the State of New Jersey as a Women Business Enterprise. Schoesslers supports international clients within the digital economy and focuses on both media and technology.
In order to meet the client's needs, Global Brand Works created strategic messaging and visuals that emphasized the rebrand. The client was very happy with the work done by Global Brand Works. The Co-Founder of the career coaching company was impressed by BatesMeron’s ideation process. Lexicon Branding led a five-part renaming process for an internet company. They collected market, consumer, and linguistics research, and conducted internal interviews. Internal stakeholders reported a significant increase in market recognition following as a result of the rename. After 20 years in the industry, a banking institution wanted to stand out from the rest in the industry.
The PR agency focuses on companies of all sizes ranging from early-stage startups to challenger brands and publicly traded entities. Headquartered in San Francisco, MGP’s team is distributed across the US, UK, and Western Europe. It was founded in 2008 by Mindy M. Hull and provides services such as strategic consulting, media relations, content marketing, analyst relations, social media, influencer relations, and ad hoc marketing services. Its portfolio comprises GitLab, AImotive, Somnox, and BullGuard. is a full-service tech branding agency designed with the purpose of building innovative brands that will help shape our future. Founded in 2015, 45RPM is a full-service digital marketing agency in Washington, D.C.
I’d asked for the hat and coat to sit halfway between a traditional witches outfit and kind of a classic lighthouse-keeper raincoat and hat for a little bit of nautical feel. When I contacted the designer—NataMarmelada—I discovered that the character design was an ‘off cut’ from a 99designs contest and that she was open to selling it.
Moreover, they offer a free audit in case you would like to refresh your brand rather than building it from scratch. You will enjoy collaborating with them for your small business or startup. Their process starts with an expansive review of your brand’s current status. Afterwards, they run a collaborative workshop with you and your stakeholders to define the organization’s goals.
The company stands out with individually customised communication solutions, a widespread network, a holistic consulting approach, and professional event and project management. Mercury Global Partners is an international B2B and B2C PR agency that offers in emerging tech such as AI, autonomous driving, fintech, 5G, robotics, cybersecurity, digital health, and more.
From Millennials To Boomers: Telling The Right Finance Brand Story
Interested in learning how your brand compares to the market? Check out our free B2B Branding Audit to get a customized look at areas you can make immediate improvements.
From choosing a company and product name to establishing trust in your audience, tech and SaaS companies need to know a lot more than just their product market. From the early days of the business plan right through to launch day, a brand strategy needs to be formulated and in place. For the majority of technology and SaaS companies, that means making use of an experienced SaaS branding agency. is a full-service branding agency with marketing expertise that spans across the e-commerce, retail, restaurant, entertainment and corporate industries. Miller Ad Agency offers a full range of digital, traditional and social media advertising services, relying on more than three decades of expertise to steer brands across industries to success.
and Mexico City that works with small, midmarket, and enterprise companies. The team of 50 works to provide clients with branding, web development, content marketing, and web design for clients in the IT and business services industries.
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Miller Ad Agency
It’s no surprise that our web design clients are often the same companies who hired us for UI/UX design projects, because who can explain the product better than the people who designed it? We’re a web design agency that believes a great website should efficiently convert visitors to customers while providing a delightful web experience that’s true to the brand. Good UX UI design of a digital product or website leads to higher conversion rates. That’s why unlike other web design agencies, we have UX designers collaborate with web designers on all website design projects. The company offers a range of services from website development, graphic design, content writing, social media marketing, SEO and more with the aim of converting clients' ideas into digital realities.
The agency offers full branding capabilities along with TV advertising, logo design, email marketing, public relations and more, forming campaigns that leave impacts on all fronts. Bold Entity utilizes proven growth strategies and a bevy of best-in-class services to achieve profitable results for brands with big goals in mind. Traditional branding agency capabilities including logo design, brand messaging, and corporate identity creation are available from Bold Entity.
in our lives, and digital brands have become as important as ever. Traditional graphic design firms and creative agencies simply don’t know how to create a brand identity for such clients. As a result, many top branding and digital marketing agencies have emerged to exclusively serve the companies building digital products and services. Our experienced team of design, branding, marketing, content and SEO experts will consult with you to help achieve your goals relating to your business and brand for ongoing success. As a city where high tech meets a world-class arts scene, Austin naturally boasts many branding agencies built upon the union between artistry and technology. While branding may appear to be a solely creative trade at first glance, this particular craft requires as much tech expertise as it does artistic ingenuity. Luckily, Austin’s branding experts have the skills needed to help brands beat out the competition, specializing in areas such as web design, brand positioning and social media management.
He gave me a bunch of type foundry recommendations which I browsed through until I found Chapeau from Milieu Grotesque which was the perfect blend of professional and friendly. To finalise the wordmark I just needed to tweak the crossbar on the H a little to line up with the e. I took the colour scheme from the mascot design and plugged it into the various colour pickers recommended in the book like the Adobe Colour Wheel until I had a pallette I could work with. In progress character design by NataMarmelada.I wanted Hecate to be a little more ‘witchy’, so she got a little update, and a hat.
“I’m equally thrilled to provide their diverse clients with an expanded set of PR and social media services as well as a much broader geographic reach. Calypso’s PR, branding, and web design professionals perfectly complement Matter’s award-winning integrated marketing team,” Signore added. As a top Orange County marketing agency we have a team of experienced, creative innovators who are down-to-earth, tech-minded, and brand-savvy entrepreneurs. We all speak fluent English and have the ideal blend of talent, experience and skills to bring your company or product vision to life. A friendly solutions provider, we are your one-stop-shop for unmatched branding and increased market visibility. From simple tweaks to your website to a complete overhaul of your company image, we will ensure your brand gets what it wants and needs so you achieve your business goals.
DeSantis Breindel created a new website and messaging package. A candle company went to Lounge Lizard for a more modern, user-friendly, and sleek website.
Then, target audience research and competitive analysis follow. Also, they consist of strategic analysts, information architects and UX interface designers. After getting to know your startup, they can help build it and take care of it along the way. Because you can lose a lot of audiences if you just use one word wrong in your messaging for your small business or if you come up with the wrong color. The Naming Group is a naming agency headquartered in Los Angeles, Calif. The agency has fewer than 5 employees and was founded in 2009. Global Brand Works established a consultancy's new brand using research and information gathering practices.
99designs instagram post featuring the work of top level designer NataMarmeladaHowever, this brief never saw the light of day because I saw this Instagram post from 99designs. With a brief taking shape, I pulled ideas together on Pinterest. I tried to keep a pretty open mind while I was pinning things I liked, but by the time I had the board together, it was pretty obvious I was leaning towards developing a character or mascot for Hecate. We'll also send you creative tips, trends, resources and the occasional promo (which you can opt-out of anytime). Shoppers very often make a purchasing decision based on their perception of a brand. And, the more they are familiar with a brand, the more they trust it. Strategic use of color can increase your brand recognition by as much as 80%.
Lounge Lizard redesigned the site from top to bottom and audited the site for SEO performance. The client says that users love the graphics and functionality. You want to charge a premium for your product or service offering. The way you talk about your services is all over the place. If done well, it can be the key that unlocks a company’s success.
We position ourselves as a new kind of branding agency focused on tech companies, digital products, and direct‑to‑consumer brands. Not so many UX design agencies can create a visual identity for a coffee shop like we did for Joe & The Juice. Our branding capabilities include research, brand and digital strategy, logo design, visual identity, graphic design, motion design, and style guide development, and web design, among other things. Babel PR is a communications agency for brands in the digital economy. The company interprets the complexities of technology and is specialised in creating engaging stories. The communications agency operates with the goal to drive business results. Besides PR services, Babel also offers messaging, media analysis, media relations, thought leadership, analyst relations, crisis communications, social media management, and event management.
Branding can be a complex process, which is why it’s so vital that you make use of a tech branding agency with experience in this difficult sector. While we provide you with a fully bespoke service, we also give you options in terms of promotional products and services. These professional finishing touches are the ideal way to make your company stand out at trade shows and tech events where you need to be seen and remembered. The right branding combined with the best in merchandise design will ensure that no matter the event, you will make your presence felt. B2B tech branding agencies that fail to deliver should be avoided.
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bookkeepingservice12-blog · 4 years ago
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Reasons Why Bookkeeping Services is Good for Your Accounting Firm
We at gorings accountants meet a lot of bookkeeping firms in London who are at basic turning pointing in their development stage. Bookkeeping firms/organizations that are nearly meeting their million-dollar mark in yearly income out of nowhere begin feeling like they can’t deal with their accounting a lot errands.
Cooperating with a London-based rethought bookkeeping firm like gorings accountants can be profoundly fulfilling and accommodating. Reevaluated bookkeeping firm like gorings accountants has long stretches of involvement with offering exceptionally proficient re-appropriated accounting administrations to singular bookkeepers and bookkeeping firms in London. Here are some solid motivations to why rethought accounting administrations are useful for bookkeeping firms in London, and they are:
Spare Cost and Time: The most remunerating some portion of the re-appropriated accounting administrations is that it can help you spare colossal on schedule and cash. It is additionally one of the most well-known reasons why London bookkeeping firms are changing to rethinking. Being reasonable, reevaluating administrations can build your overall revenue without making any trade off in the nature of the work. Additionally, you don’t need to stress over the cutoff times, as the entirety of your undertakings will be done before the submitted cutoff times.
Better Business Decisions Faster: The group of clerks and bookkeepers at the re-appropriating bookkeeping services near me like gorings accountants is exceptionally qualified and experienced. They have an astounding capacity to bring to the table educated and exact monetary choices identified with your business, and hence lead your business to fresher statures of accomplishment. Working with experienced experts will yield more solid data to settle on improved business choices in less time.
Improved Scalability: Business extension frequently begins with more modest necessities be that as it may, quick development requires a full set-up of expert accounting administrations. Recruiting a rethought accounting administration with regulator oversight and a full-administration offering empowers the administration to scale to needs, without employing or train extra staff.
Assessment and Audit-Ready Financial Data: When you settle on reevaluated accounting administrations in the UK, the group of experts set up the entirety of your monetary information so that they are duty and review prepared anytime. There is no worry about whether the books are precise or scrutinizing the uprightness of the monetary information. Regardless of whether a bookkeeping firm requirements the fiscal summaries for bank, fulfill their speculators, or offer data with government bodies, rethought accounting administrations help ensure there is no uncertainty about the information.
Get in touch with us for Bookkeeping Services in London
In the event that you are thinking about joining forces with a London-based respectable rethought bookkeeping firm for accounting administrations, at that point gorings accountants is the most ideal decision. With more than 30+ long stretches of involvement, we are extraordinary compared to other rethought accounting administrations suppliers in the United Kingdom (UK). We make specially crafted monetary and Human Resource frameworks dependent on inventive procedures that are constantly conveyed with commendable client support.
To get familiar with our rethought accounting administrations in the UK, and how it very well may be remunerating for bookkeeping services for small business at that point, if you don’t mind don’t hesitate to call us at +44 (0) 20 8004 7390 or visit our site https://goringsaccountants.co.uk/bookkeeping-accountant/. Our colleagues will be glad to meet you to examine answers for your novel prerequisites planned explicitly to amplify the entirety of your business openings.
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dippedanddripped · 4 years ago
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MADRID/NAIROBI (Reuters) - Clothes recycling is the pressure-release valve of fast fashion, and it's breaking under Covid-19 curbs.
The multi-billion-dollar trade in second-hand clothing helps prevent the global fashion industry's growing pile of waste going straight to landfill while keeping wardrobes clear for next season's designs. But it's facing a crisis.
Exporters are struggling, as are traders and customers in often poorer nations from Africa to Eastern Europe and Latin America who rely on a steady supply of used clothes.
The signs are everywhere.
From London to Los Angeles, many thrift shops and clothing banks outside stores and on streets have been deluged with more clothes than could be sold on, leading to mountains of garments building up in sorting warehouses.
Since the Covid-19 pandemic began early this year, textile recyclers and exporters have had to cut their prices to shift stock as lockdown measures restrict movement and business slows in end markets abroad. For many, it's no longer commercially viable and they can't afford to move merchandise.
"We are reaching the point where our warehouses are completely full," Antonio de Carvalho, boss of a textile recycling company in Stourbridge, central England, wrote to a client in June, asking for a price cut for clothes he collects.
De Carvalho pays towns for clothing collected in his containers then sells it on at profit to traders overseas.
Since May, he said, the price he has been able to charge overseas buyers had dropped from 570 pounds ($726) a tonne to 400 pounds, making it hard for his company, Green World Recycling, to cover the costs of collecting and storing items.
Buyers were also asking to increase the credit periods before they had to pay from 15 days to 45-60 days, adding to cash-flow problems, de Carvalho wrote.
"We are losing ... a huge amount of money, making a big loss for the operation."
'Going Out of Business'
De Carvalho's experience is mirrored across the sector, suggesting that, even once the pandemic passes, the battered trade could take a long time to recover.
Recyclers are removing clothes banks from streets, reducing the number of times they are emptied per week and looking at laying off workers to conserve cash, according to Reuters interviews with 16 market players in Britain, the United States, Germany and the Netherlands.
At the same time, in a bleak irony for such firms, donations have mounted as people stuck at home clear out their wardrobes — a boon in normal times.
"This is unlike any other recession in a century," said Jackie King, executive director of U.S. trade body the Secondary Materials and Recycled Textiles Association (SMART). "I would anticipate there will be companies going out of business."
The retreat of recyclers is having far-reaching consequences for an industry that has seen an annual average of more than $4 billion of used clothing exported globally over the five years to 2019, according to U.N. trade data.
Exports have shrunk this year.
In Britain, the weight of used clothing exported from March to July was around half what it was for the same period last year, official trade data shows. Exports improved in July— the latest month on record— as merchants rushed to shift stock as countries began to re-open, but were still down around 30 percent.
In the United States, the value of exports from March to July fell 45 percent compared with the same period last year, government data shows.
Up to a third of clothes donated in the United States — the world's biggest exporter of used clothing — ends up for sale in markets in the developing world.
Kenyan Woes
The consequences of the decline can be seen in countries like Kenya, which imported 176,000 tonnes of second-hand clothing in 2018, equivalent to over 335 million pairs of jeans.
Business is sluggish in the open-air Gikomba market in Nairobi, one of the biggest second-hand clothes market in East Africa. Shop assistants stand idle while traders call out to shoppers asking them to try their garments
Traders have been hit with a double-whammy of the shrinking supply, exacerbated by the government banning the import of used textiles in March on concerns they could carry the novel coronavirus, and a drop in footfall due to people staying home.
"Before coronavirus came in, I would manage to sell at least 50 (pairs of) trousers a day," said trader Nicholas Mutisya, who sells jeans and hats. "But now with coronavirus, even selling one a day has become difficult."
"We cannot buy bales (of clothes) directly, so we buy our stock from those who have already bought them."
The ban on used textiles imports was lifted in August after pushback from traders in Kenya and industry bodies in Europe and the United States who said second-hand clothes were safe as the virus could not survive the journey to Africa.
Yet the struggle continues for traders like Mutisya and Anthony Kang'ethe, who works as a driver for a shop selling second-hand clothes in bales shipped from Britain. He said the business had been hit hard by the supply crunch.
"Before we used to have five workers in our company," Kang'ethe said. "We are left with two."
Dark Side of Fashion
Large-scale commercial trade in second-hand clothing from Europe and the United States to emerging markets took off in a big way in the 1990s due to growing African and Eastern European demand for Western fashion.
Such demand has provided a badly needed release value for a booming fashion market, where clothing production has approximately doubled over the past 15 years, according to sustainability charity the Ellen MacArthur Foundation.
The fashion industry is the second-biggest consumer of water and is responsible for up to 10 percent of global carbon emissions — more than all international flights and maritime shipping combined, the U.N.'s environment programme said in March 2019.
Meanwhile, clothes account for a massive, and growing, pile of waste that ends up in landfills.
In Britain, shoppers buy more clothes per person than any other country in Europe, amounting to some five times more than what they bought in the 1980s, according to a 2019 UK parliamentary report by the Environmental Audit Committee.
About 300,000 tonnes of clothing goes to landfill or incineration per year, the report said.
The United States produces just under 17 million U.S. tons (15.4 tonnes) of textile waste per year, according to the Environmental Protection Agency —  equivalent to around 29 billion pairs of jeans. Two-thirds of this ends up in landfills.
Many fashion retailers, including Zara owner Inditex and H&M, encourage shoppers to bring unwanted textiles to their stores for collection and, in the case of H&M, even offer discounts on new purchases in exchange.
Only a small proportion of clothes collected by Inditex end up for sale in international markets, a company spokesman said. H&M said clothing collected in its stores was processed by I:CO, a unit of German textile recycling company Soex.
"The whole problem is just getting bigger," said Anna Smith, a doctoral researcher at King's College London looking at a so-called circular economic system, which aims to eliminate waste.
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reasonray45 · 4 years ago
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Make Is A London
We love dealing with organizations to aid bring their interactions to life, drive development and also provide gorgeous provocative layout remedies with the best blend of imagination and performance. We are down-to-earth, pleasant, approachable and also effective. They are an honor winning imaginative company whose creative projects get individuals discussing brand names, a lot to make sure that I have actually listened to people speaking about some of their great work for Panasonic, Environment-friendly & Blacks, Moet as well as Reebok. Some of the current job you could have seen on TELEVISION are the brilliant adverts for the new Panasonic starring the magician Dynamo. Our electronic advertising and marketing company experts are always available to address any kind of inquiries that you may have, and also enjoy to discuss your existing digital marketing approach with you to see exactly how you can fine-tune and optimize this. 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Design Intellect are an active boutique layout agency that have been around the block and back, we have actually been going strong considering that 2003. We incorporate tiny company emphasis with huge agency believing to give a full series of branding, style for print, product packaging, web design and also strategic solutions to clients over a large range of organization markets. A straight-talking number of 40 'atoms', based in London, who enjoy what they do and also appreciate that they do it for. If you await a refreshingly different take on the exhausted old client-agency connection, we 'd love to assist. Kas Andz Advertising Group is a SaaS marketing agency situated in London. Right here we have Wavemaker ... it's a merger between MEC and Maxus. They are thrown right into the mix as an honor winning media planner and also purchaser as quite honestly advertising and marketing agencies can not actually be without them, and also obviously some clients use them direct to stay clear of expensive company mark ups. Among the partner companies, MEC were named Media Company of the Decade by Media 360 in 2013 defeating off the likes of Carat, Mediacom, ZenithOptimedia and also PHD at a big ceremony in the O2 in London. They have a group of online search engine professionals that style and also optimize websites to make sure that they supply the most effective feasible lead to terms of online search engine performance. The company is based in Birmingham and several of their existing consumers as well as customers they have actually collaborated with consist of University of Birmingham, Apsley Home Resources, Veridon, Stoford, Visican, and also Birmingham Botanical Gardens. Did you know that there are currently more than 25,000 marketing firms in the United Kingdom? One of their older adverts was for the Lumix G2 which included blokes running around taking photos whilst performing some parkour stunts on a street-scape and also it was fantastic. Regardless of your requirements, our digital advertising agency services in London and also Essex can assist. Guarantee that your service's message is seen in the right location, at the correct time, by the ideal target market; with a creative social networks approach created to trigger new discussions and also develop partnerships with the community. Content is king as well as a core focus of each of our electronic advertising London and also Essex projects. We craft engaging content customized to your service's voice and style. Operating in partnership with our customers, we mould around inner teams to supply support in the locations where they're needed most to give and provide a well-connected procurement focused digital advertising approach. With a team of 8, Bird Advertising and marketing Limited specializes in SEO as well as website design. Yando Consulting is a small, active group of digital advertising ability headquartered in London that focuses on SEO, Pay Per Click, as well as conversion optimization. Founded in 2017, Yando Consulting collaborates with midmarket business, small companies, as well as ventures throughout the online reputation management sector. Yando Consulting is comprised of less than 50 workers and also has additional workplaces in Vancouver, Berlin, and Raleigh, N.C. They carried out SEO, handled social media sites and, developed web site updates. Digital Litmus is an advertising and electronic firm based in London. Founded in 2015, their team of around 10 workers concentrates on web content advertising, digital approach, as well as PPC. digital marketing agency london Bird Advertising Limited is an electronic advertising and marketing company located in Essex, UK. These range from tiny, specific niche advertising companies to huge, full-service advertising and marketing services. With a lot option, it can be difficult to narrow down your search as well as locate the right agency to make you feel like your brand gets on top of the world. From service naming to social networks marketing, we understand just how to launch, market and expand effective brands. We function across a selection of industries as well as have assisted big organisations reconsider their whole brand identity, in addition to enabled local start-ups to hit the ground running. guerrilla advertising and marketing, and full service integrated advocate charities and brand names with positive tales to inform. As well as these tasks continue to capture also the chilliest of hearts-- there's a factor we have a BAFTA remaining on our awards shelf. Barques has a condition as one of the leading web design companies in the United Kingdom. When choosing a digital advertising and marketing agency, it's important to know who they've worked with previously, and to talk with them regarding exactly how they can best help you. At Outright Digital Media, we more than happy to have a discussion regarding your internet site and also will additionally provide you with a complete electronic marketing audit to show you just how we can assist to boost your online efforts.
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majesticaccountants · 6 months ago
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Accounting Services in London: Comprehensive Solutions for Businesses
In the bustling metropolis of London, businesses of all sizes and industries rely on robust accounting services to maintain financial health and ensure compliance with regulations. From startups to established corporations, the need for precise and strategic financial management is universal. Accounting Services London offer a wide range of solutions tailored to meet the diverse needs of businesses, providing essential support that goes beyond mere number crunching.
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The Scope of Accounting Services
Accounting services in London encompass a broad spectrum of functions designed to keep a business’s financial affairs in order. These services include:
Bookkeeping: Maintaining accurate records of all financial transactions, bookkeeping forms the foundation of effective accounting. It involves recording sales, purchases, receipts, and payments, ensuring that every financial movement is tracked and documented.
Tax Planning and Compliance: Navigating the complexities of tax regulations is crucial for any business. Accounting firms in London offer expert advice on tax planning, helping businesses minimize liabilities while remaining compliant with HMRC regulations. They also handle the preparation and submission of tax returns, VAT filings, and other mandatory documentation.
Financial Reporting: Accurate financial reporting is essential for making informed business decisions. Accountants prepare financial statements, including balance sheets, income statements, and cash flow statements, providing a clear picture of a company’s financial health.
Payroll Services: Managing payroll can be a time-consuming task. Accounting services streamline this process by ensuring employees are paid accurately and on time, while also handling deductions, benefits, and compliance with employment laws.
Auditing: Regular audits are vital for verifying the accuracy of financial records and identifying any discrepancies. Auditors provide an independent assessment of a company’s financial statements, enhancing credibility with stakeholders and ensuring regulatory compliance.
Why Businesses Choose Professional Accounting Services
Expertise and Knowledge: Accounting firms in London employ professionals with extensive knowledge of UK financial regulations and standards. Their expertise ensures that businesses can navigate the complexities of accounting and taxation with confidence.
Time and Cost Efficiency: Outsourcing accounting functions allows businesses to focus on core activities, saving time and reducing the risk of costly errors. This can be particularly beneficial for small and medium-sized enterprises (SMEs) that may not have the resources to maintain an in-house accounting team.
Scalability: As businesses grow, their accounting needs become more complex. Professional accounting services offer scalable solutions that can adapt to the changing requirements of a growing business, from basic bookkeeping to advanced financial analysis.
Technological Integration: Modern accounting firms leverage advanced software and technologies to enhance accuracy and efficiency. Cloud-based accounting systems, for example, allow for real-time financial monitoring and seamless collaboration between business owners and their accountants.
Choosing the Right Accounting Firm
When selecting an Accounting Company in London, businesses should consider several factors:
Reputation and Experience: Look for firms with a proven track record and positive client testimonials. Experienced accountants are more likely to provide reliable and insightful advice.
Range of Services: Ensure the firm offers the specific services your business needs. A comprehensive service provider can cater to all your accounting requirements, offering a one-stop solution.
Communication and Support: Effective communication is key to a successful partnership. Choose a firm that is responsive and offers personalized support tailored to your business.
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Are you looking for Auditors & Accountant for all over in UK? Windsor Audit Limited is the Auditing Company in London, the expert teams offer the auditing Services in UK. Live Chat Support is available! Free consulting Help!
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