Cash is no longer king
November 6, 2018
With 85% of consumer transactions now cashless, and nearly half of us having less than £5 in our pocket, we could now be witnessing the end of cash. Those providing goods and services to the consumer may need to consider their strategy.
Looking forward to the long weekend
October 1, 2018
The OECD has identified a correlation between average hours worked and productivity measured in terms of GDP per hour worked. Many developed countries outstrip the UK in this regard. Workers in Germany and the Scandinavian countries, in particular, illustrate the point that the fewer hours worked per employee, the more output is achieved per hour per person.
New licensing requirement for owners of houses in multiple occupation
September 18, 2018
If you have a building in multiple occupation that will no longer be exempt from 1 October you need to act quickly. Penalties for operating an HMO without a licence include fines of up to £20,000, rent repayment orders and management orders.
Keeping control of your business travel costs
September 12, 2018
Your real travelling costs are much more than the figure on your profit and loss account. What is the true cost of the unproductive time spent by you and your staff in slow-moving traffic or standing on a station platform waiting for a delayed or cancelled train?
Corporate Governance for SMEs: creating long-term success and sustainability
August 25, 2018
The Financial Reporting Council has recently released a consultation document on Corporate Governance for large private companies, containing thought-provoking advice that is just as relevant to small and medium-sized enterprises.
Will you need a branch in the EU post-Brexit?
August 6, 2018
Many SMEs are now exporting routinely to EU countries and are now faced with the question as to whether they will need some kind of subsidiary operation in mainland Europe.
How to make office meetings profitable
July 30, 2018
A few weeks ago I received a phone call from a director of a client company. “About next week’s board meeting, I’m just writing up the last meeting’s minutes; do you have any notes on what we discussed?” Fortunately I was able to help, but it did make me question the value of these meetings.
The retail challenge – can the High Street be saved?
July 10, 2018
House of Fraser has announced the closure of 31 of its 59 stores, Poundworld has entered administration, threatening the closure of 335 shops, and even Marks & Spencer has signalled the closure of more than 12% of its outlets. Statistics published by the Local Data Company confirm that 2017 saw a net loss of 1,772 retail premises, the largest number since the recession.
HMRC’s latest step in campaign against personal service companies
June 4, 2018
Another chapter has opened in the saga of IR35. These are a mechanism whereby a contractor who provides services to his client does so via a limited company in which he is usually the only shareholder and only employee, thus making it possible to save tax and national insurance.
Trade wars and the Iran deal – what threats are there for British business?
May 21, 2018
On 2 March 2018 Donald Trump tweeted: “Trade wars are good, and easy to win”, and announced his intention to start one by imposing a 25% tariff on steel imports and 10% on aluminium. He later backtracked and targeted China specifically.