General News

Gifts of up to £50 to Employees

From April 2016 new rules were introduced to allow employers to provide their directors and employees with certain “trivial” benefits in kind tax-free.

The new rules were brought in as a simplification measure so that certain benefits in kind do not now need to be reported to HMRC as well as being tax-free for the employee. There are of course a number of conditions that need to be satisfied to qualify for the exemption. 

Conditions for the exemption to apply:

Getting Your Whole Business to Make the Most of Social Media

Getting your whole business to make the most of social media 

Most, if not all, of your staff will have social media accounts. What if you could get all of your staff to like and share your business’s social media posts?  

Co-Working Spaces - Can They Work for You?

Co-working spaces were once the preserve of freelancers and creative types. Now medium to large sized businesses are getting in on the act too.

The modern workplace is evolving. First, we had flexible working. Then we had remote working. Now we are seeing an increased demand for co-working spaces – workspaces which are shared by people who don’t all work for the same business.

Confirmation Bias

Most business people these days have too much information and not enough time. We don’t have the time to weigh up every facet of every decision. This tends to encourage us to take shortcuts where we can. As such, we often go into a meeting or a negotiation with an idea as to what the outcome might be.

This is known as confirmation bias. It is our natural tendency to seek out information or to look at things in a way that confirms our preconceptions.

Helping Customers to Pay You on Time

You’ve done the work. You’ve invoiced the customer 60 days ago. You are still waiting to get paid 30 days after payment was due. It’s time to chase for payment.

It’s never easy chasing customers for payment. However, this is business and you are entitled to be paid for the work that you have done. Unless your company is a bank, you are not in the business of providing credit for your customers. So what should you do?

More Money for NHS and an End to Austerity?

As previously announced, these were the main themes of the Chancellor Phillip Hammond’s third budget but what we were waiting to hear was where the extra money was going to come from? Had he found a “Magic Money Tree”, or would tax and borrowing have to increase? 

More Rates Relief for Small Businesses

There has been much lobbying from the small business sector to reduce business rates to enable traditional retailers, in particular, to compete with internet traders.

Leadership Development

It is the management team’s responsibility to invest in, develop and grow the company’s next generation of leaders.

In order to construct a solid framework with which you can develop the next generation of leaders in your business, it’s best to start by identifying the attributes and capabilities of the existing leadership team and work from there to develop a programme that builds on this foundation.

Effective Mid-Year Performance Reveiws

Conducting mid-year performance reviews gives managers the opportunity to check in with employees in order to ensure that their objectives, project work and general day-to-day jobs are aligned with the rest of the business.

Even if your business doesn’t have a formal system in place for conducting mid-year reviews, it is still worth taking the time to sit down and have a catch up with each of your team members. 

Marketing to Millennials

Born between 1980 and 2000, Millennials are now a key target market for businesses. So how do you market your products and services to this tech-savvy generation?

Millennials were the last generation to have witnessed the pre-digital era and they were also the first generation to fully experience the internet age. We have all read articles about how Millennials are difficult to manage, move jobs frequently and aren’t very compatible with traditional business or employment models.

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