3 min readDo you have a networking strategy? It takes time and commitment to build up and maintain an effective network, but in our experience these are resources well spent. As with so many aspects of business life, it pays to approach networking in an organised, strategic manner. Read our guide on tips to networking. Before the …
3 min readMore and more businesses are discovering the benefits of benchmarking and of developing a plan of best practice. Would benchmarking your business be something that you would consider? What is benchmarking? In a nutshell, benchmarking involves measuring the performance of one’s business against that of others in similar markets. It has been described as “the …
2 min readRatios are calculated from an organisation’s financial statements and are an effective business tool in measuring its performance. By comparing the ratios to those of the previous year it is possible to determine whether a business is doing better this year than last year. It is also possible to compare ratios of one organisation against those …
2 min readIf a new business is going to stand any chance of surviving then it is essential that you have sufficient financial resources in place to see it through its early stages and beyond. Those setting up in business have a number of different options available to them when it comes to sourcing funding for their …
2 min readTo often organisations have no formal procedures in place surrounding credit control. Without a structured approach there is a greater risk of the accounts team working inefficiently, getting paid late by customer, damaging customer relationships and potentially bad debts. Implementing a company wide Credit Control Policy will help avoid these issues. Such a policy is …
3 min readTechnology is constantly changing. New tools are designed to assist business owners with the day to day management of their business’ finances. Receipt Bank makes the gathering, storage and processing of expenses a seamless and efficient process. What is Receipt Bank? Receipt Bank is a platform that automatically extracts data from your receipts and imports …
2 min readThe recently introduced exemption for trivial benefits provided by employers allows, in certain circumstances, you to provide tax free staff entertainment or make gifts to your staff where the value doesn’t exceed £50.This article explores ways to incentivise your employees with trivial benefits. It must not be a reward for services Trivial benefits are things …
3 min readSmall businesses are owed on average £6,142 mostly by firms not paying for goods and services on time, according to the Federation of Small Businesses (FSB). We explore ways to make sure your business gets paid faster. The research shows 37% have run into cash flow difficulties, 30% have been forced to use an overdraft and 20% …
3 min readAn Enterprise Management Incentive (“EMI”) scheme is an HMRC approved share option scheme aimed at smaller businesses to retain and motivates key employees. This guide will discuss what EMI schemes are and how they work. So what is an EMI share options scheme ? A share option gives the right to someone to purchase a …
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