While we are all busy making personal New Year’s Resolutions, our businesses are often neglected, or at least overlooked. The Christmas break, however, provides the ideal opportunity to take stock and consider the perfect business New Year’s resolutions to take forward into 2018.
- Consider your Business Structure
As businesses grow, so their complexities evolve along with the specific needs of the enterprise. What was once an entirely appropriate business set-up may no longer provide the ideal commercial structure, for the future. Have you had new business opportunities? New starters? New financial drivers? Now is the time to review the current situation and look to ensure that your business plan supports your business now and for the coming year.
- Review you Shareholder Agreement
Where you are operating as a limited company by shares, a shareholder agreement is a vital document to ensure that the owners are all pulling together…
With the school year back up and running, there are many parents who are looking to return to the workplace on a flexible basis and to work around school hours.
Whilst many businesses may be unable to accommodate this type of working, more and more companies are seeing the benefit of providing flexible working arrangements to tap in to the pool of skilled and experienced parents looking to return to the workplace.
Existing staff can benefit too and whilst there is no mandatory requirement to grant flexible working, parents of children aged 16 and under (disabled children under 18) and carers…
Management Buy Outs (MBOs) are frequently in the news and often linked to large businesses however MBOs are not just for large, multi-million pound companies.
MBOs are a great way for businesses of all sizes to plan for succession in particular those businesses that are family run or have a very small team of Directors.
A well structured MBO can make it possible for business owners to have peace of mind that what they have built will continue to progress when they retire and for those Managers and Directors, knowledge that their hard work and dedication will be rewarded with shares…
A question we are frequently asked is “Is it better to hire staff as employees or as self-employed contractors?”
The answer depends entirely on you individual business need and each option has its own merits.
Employees provide much greater certainty in knowing what resources are available, when and with what skill-set.This not only enables you to plan ahead more accurately but it gives you greater control over what tasks are carried out, by whom and how much it will cost.
As an employer it is worth noting you will have a number of statutory obligations to uphold such as holiday entitlement, termination…
If you run a small business and have “big-businesses” as your customer base, you know only too well the stress caused by late payments of invoices.
Many small businesses worry that if they cause a fuss, they may jeopardise a potentially lucrative contract however when invoices are unpaid for 60 days, 90 days and sometimes longer, it can have a detrimental impact.
Fortunately, a new Government Act is on the horizon that could help the situation.
Payment Practices of Large Companies Tackled by the Small Business, Enterprise and Employment Act 2015.
One of the key provisions of the Small Business, Enterprise and Employment…