FAST FOLLOWER VERSUS FIRST MOVER ADVANTAGE

  Most of us are familiar with the term “first mover advantage” but sometimes the “fast follower” is the winner. A Fast Follower is a company that quickly imitates the innovations of it’s competitors by collecting research and data. By figuring out the innovations that seem to have the greatest potential, companies are able to...

DUVET DAYS AND HANGOVER DAYS

  As flexible working becomes more commonplace, new trends are emerging in terms of absence management. Employers are embracing change. Flexible working, working from home, working part time or job-sharing, all relatively recent developments in the modern workplace. As businesses battle to attract talented employees, some firms have started offering duvet days and hangover days...

KEY BUSINESS TRENDS FOR 2020

  The environment, well-being, mental health and technology look set to be some of the key business trends for 2020. As we move into 2020, businesses will have to adapt in a world that places greater emphasis on sustainable business practices. People will want to work for firms that take care of their employees in...

Sajid Javid confirms next Budget will be held on Wednesday 11th March 2020.

  The Chancellor of the Exchequer, Sajid Javid, announced that The Budget will take place on Wednesday 11 March 2020.   The Chancellor of the Exchequer, Sajid Javid, said: “People across the country have told us that they want change. We’ve listened and will now deliver.” “With this Budget we will unleash Britain’s potential –...

Tax Investigation Protection 2020

In the past, HMRC’s role was to ensure that you or your business paid the right amount of tax. However, in recent times its key objective has changed to maximise the amount of revenue it can collect from taxpayers.   This will be achieved by increasing the number of compliance checks, enquiries and investigations it...

ADVISORY FUEL RATE FOR JANUARY 2020

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 December 2019. Where there has been a change the previous rate is shown in brackets.     Note that for hybrid cars you must use the petrol or diesel rate.   You can continue to use the previous rates...

NEW YEAR’S RESOLUTIONS TO SAVE TAX

At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April. What new year’s resolutions to save tax should you make?   An obvious tax planning point would be to maximise your ISA...

DO YOU NEED A DESK FOR EVERYONE IN YOUR OFFICE ?

Office space is expensive. Do you really need to have a dedicated desk for each and every employee? Recent years have brought a lot of changes to the office environment, particularly as technology develops and the next generation of employees has come through to management. This new generation of managers brings new thinking about the...

REDUCE DEBTOR DAYS TO IMPROVE CASH FLOW

  Cash flow is king in any business. Yet cash flow is one of the areas that many businesses struggle to manage. Customers are reluctant to part with their money, even if it’s to pay for your goods or services. As such, it can take a while for them to pay their invoices; but how...

AVOIDING BURNOUT

Is anyone thinking about avoiding burnout ? In today’s “always-on” society, business owners and managers are under more pressure than ever. Stress related workplace burnout is now recognised by the World Health Organisation (WHO) as an official medical diagnosis. Here are some tips to help to avoid burnout.   Manage your time It’s impossible to...