Good communication skills are essential in pretty much every aspect of life, none more so than in the workplace. Today’s workplace can be a tricky area for employees to navigate, as so many generations are now mixed together and each age group has specific ways they prefer to communicate.[continue reading…]
Over the past decade office desks have changed massively, no longer do we see the dominance of calculators, notepads, writing equipment and instruments we used to update company accounts – our desks are now clutter-free and the computer has taken over. All of our trusted aids and devices can now be accessed through our PC, tablet or even our mobile phones. Most businesses have welcomed these changes, as with them they have brought dramatic increases in efficiencies and improvements in the way we work. Yet, one out-of-date accounting tool that many companies still hang on to is the “trusted” spreadsheet.
When your company turnover reaches the ‘VAT threshold’ (currently £85,000) in a twelve-month period, you must register for limited company VAT. Even if you don’t, there may be professional reasons why you would want to register anyway. So, how does the VAT registration for limited companies work?
In a recent study carried out by the Close Brother Asset Finance, it was found that small and medium-size businesses find diversity is good for business. However, they still struggled to achieve a diverse workforce. There are a number of benefits of having diversity in the workplace and SMEs may be missing out on these benefits.[continue reading…]
Salary aside, most limited company directors (and shareholders) typically draw down most of their income in the form of dividends. Dividends are distributed by companies of all types in order to return a proportion of company profits back to their shareholders. Here we look at what are company dividends and how to calculate them.
Are you hoping to launch your start-up business overseas? If so, you may want to contemplate locating your business in one of these super start-up friendly nations. To learn more about the best start-up destinations in the world, check out the below infographic guide which comes courtesy of the team at Hansen and Company.[continue reading…]
If you have started a business or are thinking about starting one, then you will need to decide on a business structure. You can choose to create a limited company, work as a sole trader or a partnership. Each business structure varies, especially when it comes to accounts and the bookkeeping. Sole trader owners are classed as self-employed, therefore they have their own set of tax rules and regulations to adhere to.
You can commence the striking off procedure for a limited company providing certain conditions are met, and the company has not traded for the past three months.
According to the Office for National Statistics, a “high street” is “a cluster of 15 or more retail addresses within 150 metres”. In other words, the presence of retail outlets is literally what makes a high street and the media often uses the phrase “high street” as a synonym for the retail sector.[continue reading…]
Are we surprised that there are still more male entrepreneurs than female entrepreneurs? Maybe not. However, some parts of the world see this inequality much greater than other parts. The majority of females in business say that the further up the ladder they get, there is a lack of female role models that they can aspire to be. In a male-dominated industry, women are not always treated the same as male entrepreneurs.[continue reading…]
We all know to recycle paper, turn off a light when we leave a room and choose to walk or take public transport over using the car wherever possible. But there’s a significant threat to the environment that nobody is talking about. E-waste, when electronic products end their ‘useful life’ and are thrown away. This is the single fastest-growing waste stream with 80% off the world’s electronic devices end up in the landfill.[continue reading…]
As the weather gets a little colder it’s good to keep warm indoors and celebrate the season of goodwill. It’s also a time to enjoy staff parties, give Christmas bonuses and some well-deserved annual awards.[continue reading…]
Your business needs happy, healthy employees who enjoy their work. They are your greatest business asset while for the individual their greatest asset is their health and mental wellbeing. A person who feels appreciated will ALWAYS do more than expected.[continue reading…]
The majority of schools will close on 20th December so from that Friday the pressure is on! With Christmas Day and New Year’s Day both being on a Wednesday, this holiday season may be proving a bit more complicated to plan than usual. What time off will you be giving your employees?[continue reading…]
One unfortunate truth of being in business is that you might at some point get sued or get into some legal trouble. While not every lawsuit will be legitimate, it’s important to know what to do when you do get sued so you are prepared.[continue reading…]
The share capital in a private limited company is the amount of money invested by its owners in exchange for shares of ownership. Company directors are typically shareholders in their own companies. Shareholders exercise certain powers over how the company is run.[continue reading…]
Project management is not as easy as you think. There are a lot of things you need to take care of. From planning to final submission, the list is endless. If you have to keep a record of every step you take in your project or to know what all steps are to be taken for the completion of the project, using a Gantt chart tool is the ultimate solution.
Christmas sales are crucial in the success of a business and is the key period of the year that determines the overall profit margin for the year, so it is vital to implement a strong business and marketing plan for the festive season to make sure that your business will continue to grow and thrive into the New Year.[continue reading…]