For a business looking to get the most out of office floorspace, an element of sharing can make perfect sense. After all, why pay to accommodate workstations that are empty for much of the time? But employees can sometimes be less enthusiastic, and the culture of possession (“This is my seat and my desk”) can be hard to shake off.
You want flexibility, but equally, you don’t want hotdesking and other forms of space sharing to turn your workforce into an army of disgruntled nomads. So here’s how your choice of office and working practices can prevent that from happening… Continue reading →
Did you know that 73% of UK employees don’t use up all of their annual leave? That means that only a quarter of us are actually making the most of our time off allowance. It’s no wonder that more people than ever are reporting feelings of burnout, listlessness and tension at work.Continue reading →
If you’re thinking of structuring your business so that it enjoys the benefits of limited liability, you have a choice of three different options; a company limited by shares, a company limited by guarantee, or a limited liability partnership.
Emily Coltman FCA, chief accountant to award-winning online software provider FreeAgent, explores the difference between these three.Continue reading →
Whether its clients “forgetting” to pay, stalling for time before settling their bill – or sometimes just deciding not to pay you at all – having to chase up money that’s rightfully yours is frustrating and time-consuming. And the problem of late payment is more widespread than you might think – the UK government estimates that small firms are currently owed around £26bn in late payments, while the process of chasing debts costs these businesses millions of pounds more. Continue reading →
In the first part of our interview Lord Young gave his opinion on what makes a great entrepreneur and his most recent initiative, Start Up Loans – and how it has created opportunities for small businesses which did not exist before. In this week’s post Lord Young gives his views on the possibility of a tech giant emerging from the UK and what he thinks of the EU (amongst various other things). Let’s get started. Continue reading →
Lord Young has had a remarkable career in both the business and the political worlds, serving under various conservative governments and acting as the Secretary of State for Employment. He has spearheaded multiple initiatives including Start Up Loans, was an Enterprise Adviser to David Cameron and has written a number or vital reports about the small business landscape in the UK. Towards the end of last year we were lucky enough to sit down with him and discuss ‘business’. Continue reading →
James Crowther owns one of Europe’s 20 million SMEs. Utilising his background in finance and fleet management, James’ vehicle brokerage business, Trade Vehicles Direct, finds clients the best deals on cars by sourcing direct from suppliers. His negotiation skills and industry relationships are key to his success and have allowed him to grow fast in his niche. Unfortunately, he struggled to fund the rapid growth since the main banks struggled to analyse his model and fit his business in a convenient box. Continue reading →
It is a question that entrepreneurs, business owners and management should ask themselves – whether to put themselves in the limelight and enter an award. As the organiser of one such programme, Arabella Dymoke, of The Good Web Guide shares her thoughts. Having worked with businesses and startups over the years, The GWG knows what makes a winning site. Continue reading →
While there is no legal requirement for limited companies to employ an accountant to look after their affairs, there are a number of reasons why the vast majority of limited company owners opt to use accountants instead of taking charge of their own record keeping and tax affairs.
An accountant can be relied upon to add considerable value to your business; preventing errors, ensuring accurate year-end statutory accounts and reviewing potential tax savings.
So what are the biggest advantages of putting your faith in an accountant to take care of your firm’s financial duties?
Accurate record keeping
Engaging an accountant to take care of bookkeeping isn’t always viable for small firms, but as your business grows you may have the budget to sign up with a local accountant to take charge of the more complicated tasks. Continue reading →