Blog - page 3

THE EFFECT ON SMES BY BREXIT

THE EFFECT ON SMES BY BREXIT

Our latest guest blog from the Forum of Private Business - what does Brexit mean for SMEs?

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Managing late payments for SMEs

Managing late payments for SMEs

Dealing with late payments can be a frustrating task for a busy SME or startup. On top of the various issues faced by small business on a daily basis, chasing payments can be time-consuming and could have a negative impact on cash flow.

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Businesses should be prepared for six drivers of FX volatility in 2018

Businesses should be prepared for six drivers of FX volatility in 2018

Uncertainty in the political and economic landscape was the story of 2017 and this unpredictability doesn’t look set to change for the year ahead. With a number of significant events outlined for 2018 that are highly likely to influence financial markets around the globe, businesses need to be prepared for further turbulence during the next 12 months.

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AUTOMATIC ENROLMENT AND ONGOING DUTIES – WHAT EMPLOYERS NEED TO KNOW

AUTOMATIC ENROLMENT AND ONGOING DUTIES – WHAT EMPLOYERS NEED TO KNOW

Every employer has automatic enrolment duties. They need to assess their staff, put them into a workplace pension scheme if they meet certain criteria, write to them to tell them what they’ve done, and complete and submit a declaration of compliance with The Pensions Regulator (TPR).

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It’s time for businesses to stop blaming poor results on currency movements

It’s time for businesses to stop blaming poor results on currency movements

For any business importing or exporting, dealing in foreign currencies is an unavoidable prerequisite. Despite this, we are continuing to hear of companies blaming unforeseen movements in the currency markets as a key driver for poor performance. Halfords, Sports Direct & Easy Jet are high profile examples who reported significant financial loss this year due to currency volatility. Is such an oversight of what is now a fundamental part of international trade really a palatable excuse as we head into 2018?

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How to: Avoid the common business accounting errors

How to: Avoid the common business accounting errors

Mistakes in accounting can seriously impact on your small business, and that’s why you should always hire a good accountant to manage your financials for you. However, you can take steps to keep things in order by avoiding the most common errors.

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Do you know what GDPR is and how its enforcement will affect your business? Our Legal Partner LawBite Can Help!

Do you know what GDPR is and how its enforcement will affect your business? Our Legal Partner LawBite Can Help!

With all the hype around GDPR and 2017’s cyber-attacks (remember what happened to the NHS?), individuals are far more aware and hot on their data rights than they ever were before. The EU's GDPR is the result of four years of work by the EU to bring data protection legislation into line with new, previously unforeseen ways that data is now used. However it’s pretty safe to assume that most smaller businesses are still not completely clear about what they need to do to ensure they’re comfortable and ultimately compliant.

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Four ways to avoid business growing pains

Four ways to avoid business growing pains

'Remember that innovation is an instinct. Harnessed and cultivated successfully, it can grant a more efficient use of resources, instil a proactive mindset and produce results that keep an organisation supple as it grows.'

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Increasing the choice of SME finance in the UK

Increasing the choice of SME finance in the UK

On the first anniversary of the Government’s bank referral scheme, HM Treasury announced that Alternative Business Funding had joined a major initiative to broaden the financing options available to the small business owner.

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How would a Brexit ‘no deal’ affect your business?

How would a Brexit ‘no deal’ affect your business?

As David Davis (UK Brexit Secretary) and Michel Barnier (Chief EU negotiator) close in on 7 months of Brexit negotiations, it’s worth looking at how far they have come and whether a deal that is beneficial for both parties is a distinct possibility. Sceptics raised concerns from the beginning questioning whether a deal could ever be struck, let alone within the two year window that was set.

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