In the next blog in his series, HR specialist, Adam Janering MA MCIPD explains how HR can play a pivotal role in helping companies that are facing severe financial challenges and are considering the options available to them.
If you’re a stock-based business, then getting your stockholding and product costings right can be tricky at the best of times. But recently, the effect of high shipping costs, long lead times, material shortages and inflation have made the job even harder. Get it right and you will have a strong cash flow, happy customers, efficient use of space and most importantly, profit on every item you sell! Get it wrong and you risk letting customers down, locking-up valuable working capital and reducing your margins.
It’s December. We’re approaching the end of another year – a clearly defined period with a beginning and an end because a year is a year, right? It has 12 months, 365 days, sometimes 366, or 52 weeks. So why would a financial year be anything different to that and what difference does it make from an accounting perspective?
On Wednesday 22nd November 2023, Chancellor Jeremy Hunt delivered his Autumn Statement. With an election now on the horizon, he was always going to be hunting for some headlines whilst acknowledging that living costs are still high, inflation is still more than double its target rate of 2%, borrowing and debt remain at near record levels and wars rumble on in Ukraine and the Middle East, creating uncertainty and nervousness in global markets. So, what did he announce and what does it mean for you?
A recent case between an employer and employee involving a sandwich, has provided a sharp reminder that the accurate claiming of expenses is a key part of employment policies and even the slightest infringement can carry significant consequences.
The Economic Crime and Corporate Transparency Act, which received its royal assent in October, will herald a major shake-up for Companies House. The new legislation is set to introduce new powers which will allow UK authorities to proactively target organised criminals, reduce fraud, improve security, and enhance company data.
The 2023 Autumn Statement is due to be delivered on Wednesday 22nd November. We look at what might be announced by the chancellor.
Adam Janering MA MCIPD is an HR consultant, supporting local SMEs with HR advice. He’s kindly offered to share some thoughts with our clients through a short series of blog posts. First up, Adam addresses whether HR is still required in today’s word of work.
At the same time as the French government announced plans to mandate e-invoicing, the UK government confirmed it is set to act on late payments, the scourge of the SME and something that is estimated to cost the economy £billions each year. eInvoicing to become mandatory in France With the EU version of Making […]
Recently released data would suggest that things remain tough in the economy as the number of insolvencies in August was the highest in that month in four years and the number of VAT and PAYE registered businesses overall dropped by almost 40,000.
For the first time in almost a generation, there’s actually some incentive for investors to invest. With interest rates at their highest for more than a decade, and the International Monetary Fund (IMF) reporting that these are likely to remain above government targets for around 5 years, even the novice investor has plenty of options to put their savings to work.
Since the pension triple lock was first introduced in 2010, the economic circumstances have always meant that it’s a manifesto commitment that any party is willing to stand behind, after all, who wants to be the political party that alienates the ‘grey pound’?
But in 2023, off the back of double-digit price inflation and significant pay increases, the triple lock is looking like an expensive policy for the government to apply.