Almost every UK worker over compulsory school age is legally entitled to be paid at least the National Minimum Wage. This is obligatory regardless of any working conditions and agreed terms. Entitlements are due… whether the worker is paid monthly, weekly, in cash or by other means. whether the worker works full-time, part-time or in…
New European Directives Could Change Financial Reporting Requirements For Small Businesses. Annual accounts could be simplified for the smallest companies and financial reporting requirements could be reduced in 5 major areas including: accounting policies; guarantees, commitments, contingencies and arrangements not recognised in the balance sheet; post-balance sheet not recognised in the balance sheet; long-term and…
The Agency Workers Regulations (AWR) is now effective. What does this really mean? This law was introduced in 2010 to protect temporary / agency workers from exploitation and give the workers various levels of rights that they would otherwise not be entitled to as ‘non-permanent employees’. Following on from this, many companies are rethinking their…
Our Discovery Event is not just a sales pitch. It is a two way exchange in which you learn the details of our unique offer, and we learn what it truly is that you desire in a start-up package and do our best to accommodate your needs. Our offer is unique in the financial management…
If banks are in the lending business, whey should they be forced to lend by any other requirement other than an inherent obligation? If a prospective lender meets clearly defined criteria, it should be difficult to refuse a credit request, especially from small businesses struggling under the strain of the credit crunch. There was a…
To avoid going to the banks for invoice discounting, factoring, overdraft or any form of debt, here are a few simple internal strategies for your business: Bill early: Send a bill as soon as you have rendered a service or sold your goods. If you have longer term contracts arrange for stage billing or, even…
We hear and read a lot today about “outsourcing” and indeed “off-shoring”. They are not the same thing, of course. “Outsourcing” seems to mean contacting others – outside your own organisation to get specific things done. A good example is manufacturing. So, invent it, design it, and have a specialist company make it. Smaller companies…
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