With government research indicating that one third of payments to small businesses are late, we take a look at the latest initiatives designed to encourage prompt payment. The Small Business Commissioner The government estimates that 20% of small businesses in the UK have encountered cashflow issues as a direct result of late payments. Were small … Continue reading Handling Late Payments
Social media can be a useful tool for marketing your services and building a client network. However, the flip side is that it can be all too easy to create negative social media situations. Here are some of our top tips to ensure you get the most out of social media. Stay active Businesses should … Continue reading Social Media Do’s and Don’ts
In a recent survey, 67% of small and medium sized enterprises stated they believe that charitable giving has had a positive impact on their businesses. However, not all entrepreneurs were aware of the potential benefits of adopting a policy of “Giving Back”. New research suggest that those who give an equivalent of at least 0.5% … Continue reading Does Your Business Give to Charity?
With such an emphasis on taxpayers to keep data safe, wouldn’t it be ironic if HM Revenue & Customs (HMRC) cannot do just that? It seems that this may well be the case. During a recent court case, HMRC said in a witness statement that their data retention policy means the tax office do not … Continue reading Double Standards for Data Rentention?
New rules which come into effect on 13 January 2018 will mean it will be illegal for companies to charge customers for paying by a non-commercial card. The Economic Secretary to the Treasury, Stephen Barclay stated: “It’s about fairness and transparency”. “These small charges can really add up and this change will mean shoppers across … Continue reading Credit and Debit Card Fees to Be Banned
On 30 October 2017, the Cheque & Credit Clearing Company (C&CCC) introduced a new and quicker way of clearing cheques. Called the Image Clearing System, it means that cheques can be cleared using a digital image of the cheque rather than the current paper based system. While the new system went live with some banks … Continue reading Faster Cheque Clearing System Has Launched
There is often plenty of help and advice available for start-ups, but for businesses that have entered a 'scale-up' phase of rapid growth, success can bring a new set of challenges. If you have ambitions for your business to achieve scale, there are a number of key areas that raise unique challenges, and which may … Continue reading Scaling Your Business – Identify and Meet the Challenges
New online tools and the desire for a better work-life balance have made flexible working a realistic option for many people. But whether you want to work from home yourself, or are considering offering more flexibility to your employees, it is important to avoid some common traps. Challenges for home workers People who start working … Continue reading Flexible Working: the Pros, the Cons and the Technology
The most worn out phrase in the world of business valuations is that “it’s an art not a science”. This could not be more true, but what does it mean? To put it simply, it means there is no technically right answer when it comes to valuing a business. It is only worth what someone … Continue reading The Art of Valuing Your Business
Local Councils and Police, currently cracking down on licensing laws, have been focusing on the beauty industry. It has become common practice for hairdressers and beauty parlours to offer a complementary alcoholic drink as part of a ”pamper” package, without realising that an alcohol licence is required. A licence must be held, not just to … Continue reading Does Your Business Need to Be Licensed?