Managing an employee’s retirement in a small business
Retirement is a major milestone for everyone, whether you’re CEO of a multinational corporation or a self-employed business owner with no other employees. The transformation from being responsible for the success of a business on Friday to waking up on Monday morning with all those hours to fill provokes many emotions from delight and excitement […]
How does a bookkeeper strike the right balance between technology and the human touch?
The role of a bookkeeper covers many different services and includes credit control, payroll services, budgeting and cashflow, pensions auto-enrolment and financial processing. It’s a profession which requires accuracy and efficiency, attention to detail, time management and problem-solving, and in which the use of technology plays a major and continually increasing part. Cloud accounting software […]
What might change for businesses after the general election?
After a whirlwind six weeks, canvassers are nursing their sore feet, ballot papers are off to be recycled and the country is recovering from the excitement (or terminal boredom depending on your interest levels!) of the 2024 general election. As the new Labour government gets its feet under the table, what can businesses expect to […]
How data analytics can improve profit in a small business
For a small business owner who is juggling sales, finances, customer service, tax returns and any number of other responsibilities, investigating the use of data analytics as a business tool is probably not at the top of the to-do list, or even on it at all. However, data analytics can be an extremely effective way […]
How to protect your business from industrial fraud
As a business owner, you’ll have a lot to juggle on a daily basis – sales and marketing, quality assurance, bookkeeping, HR, tax compliance – and you probably barely have time to grab a coffee, let alone worry about the possibility of industrial fraud. Yet this type of crime is rapidly increasing. According to a […]
Changes to the Employment (Allocation of Tips) Act
Tips are an important part of the income accumulated by hotel, restaurant and bar staff. However, it’s not always been the case that the people for whom tips were intended have ended up getting the money; some unscrupulous employers keep back a large percentage, or even all, of the tips received. In the UK, hospitality […]
June Newsletter
Hello, June holds the longest day of the year, also known as the summer solstice and where the earth’s axis is titled at its closest point from the sun. As L.M. Montgomery said, “I wonder what it would be like to live in a world where it was always June” – it certainly gets our […]
5 bookkeeping tips for independent estate agents
Estate agents’ ‘For Sale’ boards are a familiar sight along streets throughout the UK, and many of us regularly Google houses in our neighbourhood to check on both the prices and the interior décor of our neighbours! There are a variety of major national chains with branches all over the country, but competing with these […]
Changes in paternity pay and leave – what businesses need to know
Managing maternity and paternity leave can be a juggling act, mostly for the new parents, but also for the businesses they work for. In June 2023 the government published the results of its consultation on parental leave and pay, and the March 2024 budget contained the resulting changes in the paternity leave regulations. All employers […]
Bookkeeping cybersecurity risk assessment – will your business pass?
Every operational business in 2024 is interwoven to a greater or lesser extent with the digital world. Identities are forged and developed online and there are few aspects of our corporate lives which aren’t managed by and dependent on technology. However, with that dependence comes corresponding risk. Cybersecurity is the process of protecting computer systems, […]
