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SME checklist – 10 things you need to do in June 2015


As we hit the all-important halfway-through-the-year mark, we highlight the key dates your small business needs to remember. With more sunshine hours in the day, June could be your most efficient month …

Get your July finances in order

Make sure you’re on track for submitting any information needed in this potentially busy month for HMRC demands. You need to make your second self-assessment payment (including class four National Insurance if you’re self-employed) by midnight, July 31. See more here.

Enter the National Business Awards

Previous winners of the SME category have included Bulldog Skincare for Men and the awards, backed by David Cameron, will see 1,200 business leaders get together on November 10 so it’s a good place to be seen. The deadline is Friday, June 5. Enter here.

Check you’re not using out-of-date platforms

Microsoft is shutting down Windows Server 2003 and removing support on July 14 so you need to act fast if you’re still using it. Even more businesses are expected to move to the cloud as a result, so now’s a good time to update and think about taking IT advice.

Send your entry to The Pitch

It’s the UK’s biggest small business competition. Your business needs to be less than three years old and a winner, chosen after a stage of bootcamps, will get mentoring and business support. You have until July 31 to enter. Find out more here.

Shop around for a loan

Interest rates are low so if you need to invest, there are plenty of competitive options. HSBC is waiving or refunding its £100 arrangement fee and personal guarantee fee on small business loans of up to £25,000, until July 31.

Book your Christmas party

Or at least set a date. Venues will be offering discounts halfway through the year – and all the best places will be booking up. The last thing you want for staff morale is a half-hearted bash at the back of the office come December.

Be prepared for the EU VAT deadline

If you sell digital services to other European countries, you’ll be charged local VAT in the country where your products are bought. New rules also mean SMEs must prove place of supply and you have until June 30 to adapt your website.

Do your housekeeping

The summer can impact some businesses with it being a quieter period due to holidays (albeit not hotels and B&Bs). Use this time to evaluate, refresh and catch up on business housekeeping – whether it’s updating systems or taking the team out for an away day to blow away the cobwebs.

Go office shopping

With wedding season in full swing, things like dishware for the staff kitchen or event hire equipment are cheaper. And (sexist as it may be), tools and gadgets will be on offer next month, after the Father’s Day rush, so if you need new stuff, buy in the summer sales.

Have your say on SME protection

Do you think small businesses have enough protection around the sale and supply of goods? The consultation closes June 15. Take your thoughts to the table here.

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