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Taxes… they are never ending. National Insurance is basically just another tax. National Insurance Contributions (NICs) were set up in order to fund a number of state benefits, including the state pension, the NHS and additional welfare schemes. Your contributions… Continue Reading →
Tax mistakes can be extremely costly, especially for small businesses. From forgetting employee benefits to submitting the tax return late, here a group of accountants in London take a look at some of the common errors made. Tax… Continue Reading →
Quite a lot of businesses fail to deliver their projects on time. And many of them often experience project failure. According to a study by PricewaterhouseCoopers, only 2.5% of companies successfully complete 100% of their projects.
One of the main reasons why most of the projects fail is poor planning. That’s because as many project managers simply jump in a project without taking the time to carefully plan every step of the way and ensure that everything is going to run smoothly.
How is your success rate when it comes to delivering your projects? Do you manage to deliver them on time and within budget? Are all of your projects actually reaching the finish line? Check the questions in the full article and if any one of your answers is negative, then there is definitely room for change and improvement in your project management skills and process.
Running a small business will always have its ups and downs and whilst the failure rate is high – for instance in the UK 40% of all small businesses fail within the first 5 years the actual number of small businesses is high. With over 5 million SMEs in the UK the success rate means there are at least 3 million businesses running successfully.
Small business owners experience many challenges while building a business from scratch. Every action they take reflects on the business’s progress. This begins with selecting the right small business idea, setting up the right infrastructure, hiring talented staff members and making sure that the management of staff goes well. Anything can go wrong with any one of these tasks and it is unlikely the business owner will have experience in all these areas.
Increasingly too businesses are using freelancers and other self-employed personnel for critical business functions. That is nothing new and has worked well in many organisations over the years, whether on a temporary basis, for example agency staff in care homes to fill staffing gaps or on an introductory basis where a live-in care company introduces live-in carers to prospective clients but then the contract is between carer and client (see liveincarehub.co.uk)
So businesses can be successful, and one success factor is providing the right environment for the employees or those who work on a freelance/self-employed basis. This is why, we have produced a guide that will help you hire the best team members and manage them effectively for your business project.
The paperless office predicted back in the 1970’s still seems a long way off as organisations are required to store more and more documentation for legal or regulatory reasons such as privacy laws. And whilst many documents can be stored… Continue Reading →
Are your sales figures consistently below your forecasts? Do you feel there’s something else you should be doing to improve you company’s bottom line? Effective marketing strategies are at the heart of every successful business, but not all marketing techniques… Continue Reading →
Updated 9 November 2016 No matter how much experience you have had, nothing can prepare you for the unique challenges running your own small business can bring. Many small business owners skip the planning stage and jump straight in with… Continue Reading →
Many small business owners can start up and function for a while with just the directors and maybe some occasional help from friends or family but eventually, if you want your business to grow you will need to consider taking… Continue Reading →
Whilst professional training can provide highly valuable information for those starting a business, there are some key elements of running a business that can only be learnt through experience. There are 5 little secrets that you will probably discover for… Continue Reading →
The new tax year is upon us. This month we welcome the new tax rates and regulations that come with every fresh tax period. As predicted, HMRC have introduced legislation that we all need to be aware of. This… Continue Reading →
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