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Pandemic Leadership Programme

PANDEMIC LEADERSHIP PROGRAMME

Posted on: 25/06/2020

 

NED Solutions is pleased to be sponsoring a series of workshops under the heading “Pandemic Leadership. Some lessons for today and tomorrow (in our remote new normal)”.
NED Solutions recognises that the lockdown impact on its clients will result in long term changes that need to be thought about now and is presenting this workshop initiative with its business partner, CoachDirectors. The workshops are being made available free of charge and the introductory first session will run...

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Categories: Business Support, Business Development, Top Tips

Amendments to Money Laundering Regulations, January 2020

AMENDMENTS TO MONEY LAUNDERING REGULATIONS, JANUARY 2020

Posted on: 10/02/2020

 

On 10 January 2020, the Money Laundering and Terrorist Financing (Amendment) 2019 became law. It updates the UK’s existing anti-money laundering regulations, incorporating the 5th EU Anti-Money Laundering Directive (5AMLD). This is a further step by the EU to tackle ongoing and new money laundering threats. It’s a far reaching piece of legislation but here are the key effects it will have on UK businesses.
 
Wider scope of businesses
5AMLD has increased the types...

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Categories: In the news, Business Support, Business Development

Is Your Networking Not Working?

IS YOUR NETWORKING NOT WORKING?

Posted on: 30/10/2019

 

Networking can be a highly effective way of making new businesses contacts and finding new opportunities. But if you don’t approach it in the right way, it can also be a waste of time and something you do simply to go through the motions. So how can you make networking work for you? It’s quite simple – ask the right questions.
It’s natural in all aspects of our lives to feel drawn towards people you like and respect. When you are at a networking event, ask the right...

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Categories: Business Development, Top Tips

Finance Options for SMEs

FINANCE OPTIONS FOR SMES

Posted on: 30/10/2019

 

Finance Options for SMEs
Small and medium sized enterprises - SMEs - account for more than 99% of all businesses in the UK. That’s 5.7 million businesses who employ between 0 – 250 people, amounting to 60% of the private sector workforce. 
Economic uncertainty has seen a slight fall in numbers of businesses but a noticeably larger decline in external financing, with only around a third of SMEs seeking finance. This suggests that expansion and development plans are on...

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Categories: Business Support, Business Development, Top Tips

The Rise and Fall of Small Businesses and External Finance

THE RISE AND FALL OF SMALL BUSINESSES AND EXTERNAL FINANCE

Posted on: 26/07/2019

 

Small and medium sized business are still on the rise in the UK. A recent report by the British Business Bank showed some fascinating findings, many encouraging for SMEs and also indicative of the effect they feel Brexit will have. 
How many SMEs are there in the UK? 
5.7 million UK business are now SMEs; more than 99% of all UK businesses  60% of UK sector employees work in an SME  More than 1000 new business were formed every day in 2018; 382,000 in total.  To...

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Categories: In the news, Business Support, Business Development

Are You Making Tax Digital?

ARE YOU MAKING TAX DIGITAL?

Posted on: 13/05/2019

 

HMRC have been talking about Making Tax Digital (MTD) since 2015 and April 2019 saw the first roll out stage. By their reckoning, errors made in the current system of self-assessment and tax returns costs the Exchequer around £9 billion a year in lost revenue. MTD is their solution; digital records and special software to eliminate errors, making it easier for businesses and individuals to be more in control  of their tax and financial affairs. We will all be able to access our own tax...

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Categories: In the news, Business Development, Top Tips

How to Increase Productivity in the Workplace

HOW TO INCREASE PRODUCTIVITY IN THE WORKPLACE

Posted on: 13/05/2019

 

Good productivity equals good results. Sole traders know this all too well – procrastination is the biggest drain for them. Small business owners also place high value on productivity in the workplace. After all, greater productivity equals better results. Every member of the team needs to be performing well and at least meeting their agreed targets. But how can you maintain – and even better, increase – productivity at work?
Look after your employees
Small businesses...

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Categories: Business Development, Top Tips

Can You Help Leukaemia UK?

CAN YOU HELP LEUKAEMIA UK?

Posted on: 07/02/2019

 

Leukaemia UK, our chosen charity, is still looking for a new Chair of Trustees. If you feel you could be the person to help drive this life-saving work forward then please follow the link below for more details.
 
Blood cancer is the 5th most common cancer but the 3rd biggest killer. Leukaemia UK has supported those affected by leukaemia, myeloma, lymphoma and other blood cancers for the last 40 years by funding research projects, facilities and equipment as well as offering vitally...

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Categories: About NED, Business Development

Mental Health at Work

MENTAL HEALTH AT WORK

Posted on: 07/02/2019

 

Every business is only as strong as its staff, yet 1 in 6 workers is dealing with a mental health issue such as anxiety or stress, which can stop them from performing at their best. How can employers help their staff to feel supported and motivated, thus allowing the business to reach its peak potential?
 
It is vital that employers make their staff feel respected, involved and valued. Introducing schemes such as flexible working encourages a good work/life balance, while regular...

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Categories: Business Support, Business Development

SMALL BUSINESS TOP TIPS

SMALL BUSINESS TOP TIPS

Posted on: 07/02/2019

 

Most small businesses need to keep their costs as low as possible. A minimal budget means careful management of finances is key to success, and planning ahead can make the difference between survival and going under.
 
Here are ten top money saving tips for small businesses:
 
1 - Working to a budget doesn’t mean not spending any money. Rather, carefully select what purchases are essential and stick to these. For example, could you fit the office out with second-hand...

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Categories: About NED, Business Support, Business Development, Top Tips

Creating a Business Continuity Plan

CREATING A BUSINESS CONTINUITY PLAN

Posted on: 13/11/2018

 

When thinking about creating a business continuity plan it’s easy to become bogged down envisaging worst-case scenarios such as fire or terrorism. However, the key is to not think about the cause of the disruption to your business but rather to focus on the potential effect. 
When considering business continuity concentrate on finding a plan that fits your business’ specific requirements. There are several online...

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Categories: In the news, Business Support, Business Development, Top Tips

The Business Basics Fund

THE BUSINESS BASICS FUND

Posted on: 13/11/2018

 

The government has launched a new fund of £8m to support small business growth and to assist them in becoming more digital. 
The Business Basics Fund is run by the Department for Business, Energy and Industrial Strategy (BEIS) in partnership with Innovate UK which will assist businesses, charities, trade organisations and public-sector organisations support small business owners with their digital transformation.
Small Business Minister Andrew Griffiths advised in a speech...

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Categories: In the news, Business Support, Business Development

Non-Executive Directors in the SME Market

NON-EXECUTIVE DIRECTORS IN THE SME MARKET

Posted on: 13/11/2018

 

Non-executive directors (NEDs) play a vital role in the good governance of businesses. They have the same responsibilities and legal duties as their executive counterparts and their potential value to companies has become widely recognised. But any discussion of the role of NEDs inevitably focuses on large listed companies and it is often overlooked that smaller companies have just as much need for independent advice and expertise.

The Association of Chartered and Certified Accountants...

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Categories: Business Support, Business Development

Corporate governance reporting under the Companies Act

CORPORATE GOVERNANCE REPORTING UNDER THE COMPANIES ACT

Posted on: 23/07/2018

 

Corporate governance reporting under Section 172 of the Companies Act 2006
Section 172 is a part of the section of the Act which defines the duties of a company director, and concerns the “duty to promote the success of the company”.
There are several levels of stakeholders listed within the section whose interests are said to feature in the ‘success of the business’. These were named as shareholders, employees, suppliers and local communities. 
Awaiting...

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Categories: Business Support, Business Development

Employee Ownership

EMPLOYEE OWNERSHIP

Posted on: 23/07/2018

 

Employee-Owned Businesses 
In 2017 an independent panel of UK business leaders and industry experts came together to hear and examine evidence from 100+ employee-owned businesses and business advisers.
Its findings and recommendations were launched in the Ownership Dividend report on June 27 2018.
The most high-profile Employee Ownership (EOs) company is the John Lewis Partnership who supported the Ownership Effect Inquiry. 
The panel of the Ownership Effect Inquiry,...

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Categories: In the news, Business Support, Business Development

The Incomplete Leader

THE INCOMPLETE LEADER

Posted on: 23/07/2018

 

Executive Leadership

Do we still believe that an executive leader should be ‘superhuman’? 
Should they be at the top of their game in all skill sets to effectively run a business or organisation? 
Should they be able to solve the most demanding and impossible of problems? 
Should they have the vision and imagination to inspire and enthuse their employees and generate trust in them as a leader? 
No one person could achieve all this...

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Categories: Business Support, Business Development, Top Tips

Government to crack down on irresponsible company bosses

GOVERNMENT TO CRACK DOWN ON IRRESPONSIBLE COMPANY BOSSES

Posted on: 17/05/2018

 

The government has raised concerns that whilst most businesses are run responsibly, company directors could "unfairly shield themselves from the effects of insolvency and – in the worst cases – profit from business failures while workers and small suppliers lose out".
The reforms planned by the government are designed to reinforce trust in business after some recent high-profile failures, such as BHS and Carillion where thousands of jobs were lost.
"These reforms will give...

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Categories: In the news, Business Support, Business Development

Self Employed: to be or not to be?

SELF EMPLOYED: TO BE OR NOT TO BE?

Posted on: 17/05/2018

 

Thinking of starting up your own business and quitting the nine-to-five?
How do you know if you have the right skills and personality traits to make your own business successful? You’ll need more than just an idea and commitment. You’ll need to be dedicated and work long hours so a desire to be sociable may hold you back!
What are the pros and cons of being self-employed? Let’s start with the downside of being self-employed; as well as the obvious (longer hours and no...

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Categories: Business Support, Business Development, Top Tips

New protection against identity fraud for company directors

NEW PROTECTION AGAINST IDENTITY FRAUD FOR COMPANY DIRECTORS

Posted on: 17/05/2018

 

Companies House holds publicly available information which can include personal addresses of company directors.
Research by Cifas, a fraud prevention organisation, has shown that company directors are among the most targeted groups for identity theft, being twice as likely to be affected by this than any other group of individuals.
Research has shown that criminals are using the publicly available information to commit fraud and other crimes. There is also growing concern that this information...

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Categories: In the news, Business Support, Business Development, Top Tips

THE GENDER PAY GAP

THE GENDER PAY GAP

Posted on: 16/02/2018

 

Is your business ready for the new gender pay gap reporting? UK employers with over 250 employees are now required to report their gender pay gaps by April 2018.
Affected businesses are required to publish the following key areas:
• The difference in mean pay – to show the average hourly earnings of the employer’s female employees and the average hourly earnings of its male employees both taken as a solitary group.
• The difference in median pay - the...

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Categories: In the news, Business Support, Business Development, Top Tips

LASTING POWER OF ATTORNEY

LASTING POWER OF ATTORNEY

Posted on: 16/02/2018

 

If you are a business owner, director, partner or sole trader protecting the future of your business is fundamental to your role. So, what would happen if you were incapacitated by illness or injury? Who would take over the running of the business and its financial affairs, and what would it mean for your employees’ financial future?
A Lasting Power of Attorney can make the difference between a business continuing or collapsing if the owner loses capacity. Without one a colleague...

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Categories: In the news, Business Support, Business Development, Top Tips

VICARIOUS LIABILITY

VICARIOUS LIABILITY

Posted on: 16/02/2018

 

In English law vicarious liability is the law that imposes strict liability on employers for the wrongdoings of their employees, provided those acts are done during their employment.
In 2016 there was a case brought against the supermarket chain, Morrisons, where the Supreme Court deemed them liable for a physical assault carried out by one of their employees on a customer. It was decided that the employee had acted in his assigned role to serve customers. The assault was therefore...

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Categories: In the news, Business Support, Business Development

Business Life Cycle

BUSINESS LIFE CYCLE

Posted on: 18/10/2017

 

Whether you are a small start-up or a large corporation, every business has a life cycle. Within this, there are five key stages. Knowing where your business is within this cycle is crucial to planning and understanding what your next steps should be.
The five key stages are:
1: Seed and Development – this is the initial thought or idea of starting your own business. This is the time to assess just how viable your startup is likely to be. Talk to as many people as possible to gain...

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Categories: Business Support, Business Development, Top Tips

FRC Corporate Governance Rules

FRC CORPORATE GOVERNANCE RULES

Posted on: 18/10/2017

 

The Financial Reporting Council is the UKs independent regulator responsible for regulation and standard setting in corporate governance, accounting, auditing and actuarial matters.
The Financial Reporting Council (FRC) has welcomed the government’s response to its green paper on corporate governance reform. Theresa May pledged to have both consumers and workers represented in the boardroom and she announced a green paper on corporate governance shortly after becoming prime minister.
The...

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Categories: In the news, Business Support, Business Development, Top Tips

What’s in a job title?

WHAT’S IN A JOB TITLE?

Posted on: 12/07/2017

 

A job title is the name given to the person who does a particular job, but what if they have other transferable skills which do not fall under that job title but another? How does a company utilise its employees' skills without compartmentalising individuals and their talents?
It seems that job titles are becoming counterproductive; in organisations full of bright people job titles can create a hierarchy where people become more focused on where they are on the ladder rather than being a valuable...

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Categories: Business Support, Business Development, Top Tips

Strategy for success

STRATEGY FOR SUCCESS

Posted on: 11/07/2017

 

The dictionary definition of the word strategy is ‘a plan of action designed to achieve a long-term or overall aim’.
A strategy is a way of describing how you are going to get things done. It is less specific than an action plan but instead, it tries to broadly answer the question, "How do we get from here to there?”
A key element in the process of strategic planning is the engagement of all levels of staff throughout the business. Staff ‘buy in’ generates...

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Categories: Business Support, Business Development, Top Tips

Planning for the future

PLANNING FOR THE FUTURE

Posted on: 11/07/2017

 

It is essential to be prepared for the inevitable especially if you are a business owner. Your will tells everyone what should happen to your money, possessions and property after you die (all these things together are called your ‘estate’). If you don’t leave a will, the law decides how your estate is passed on – and this might not be in line with your wishes.
Your estate plan, no matter how complex, can be implemented any time before you die, if you are still legally...

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Categories: Business Support, Business Development, Top Tips

Changes to Data Protection Legislation in 2018

CHANGES TO DATA PROTECTION LEGISLATION IN 2018

Posted on: 04/04/2017

 

On the 25th May 2018 a new law called the General Data Protection Regulation (GDPR) will come into effect. The GDPR has been created to update and improve upon data protection laws in the UK. Businesses currently adhering to the Data Protection Act (DPA) may be reassured to know that many of the same concepts and principles will apply when the new law is implemented. However, it is important to stress that for all businesses - no matter their size or industry - some changes for compliance will be...

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Categories: In the news, Business Support, Business Development, Top Tips

Finding the Right Non-Executive Director

FINDING THE RIGHT NON-EXECUTIVE DIRECTOR

Posted on: 04/04/2017

 

There are many benefits to hiring a non-executive director (NED) that might quickly spring to mind, such as their ability to bring expertise, fresh perspectives, diplomacy and direction to board meetings. The right NED appointment can strengthen profits and  working relationships and stoke a fire that grows businesses .
NED Soluions offers a fresh approach to completing your Board, an approach that we feel results in your business benefiting from the most appropriate individuals more...

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Categories: About NED, Business Support, Business Development, Top Tips

Apprenticeship Levy

APPRENTICESHIP LEVY

Posted on: 04/04/2017

 

This spring the government is reforming how it funds apprenticeships in England. The changes will result in adjustments to how apprenticeship training is organised and funded which will affect all employers, as well as some larger employers having to contribute to a new apprenticeship levy.
The apprenticeship levy will be introduced officially on 6th April 2017, with the principles of the new apprenticeship funding coming into effect from 1st May 2017. 
Much like other updates at...

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Categories: In the news, Business Support, Business Development, Top Tips

Living Up to the Living Wage

LIVING UP TO THE LIVING WAGE

Posted on: 15/11/2016

 

One of the defining moments in any new business is the moment when you take on your first employees. The company immediately takes on a new dimension as something that was once an idea set out in a business plan now becomes a living breathing organisation that is responsible for other people’s livelihoods. For this reason the taking on of new staff is always a serious matter for consideration, it is a moral consideration - can we offer a role that meets with good standards of employment - and...

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Categories: Business Support, Business Development, Top Tips

Commercial Mortgages

COMMERCIAL MORTGAGES

Posted on: 15/11/2016

 

Depending on your business model there may come a time when it makes financial sense to invest in a property rather than lease one. Unless your wish to buy a property is matched by a sizable cash-rich business (if so, lucky you!) it will be necessary to secure a commercial mortgage to bridge the gap between your saved deposit and the full cost of the property you desire.
Commercial mortgages may sound daunting, but don’t let their persona put you off. Investing in a business premises...

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Categories: Business Support, Business Development, Top Tips

Using the Expertise that Surrounds You

USING THE EXPERTISE THAT SURROUNDS YOU

Posted on: 12/10/2016

 

There is never a point in business where everything will now run smoothly. By its very nature a business changes day by day. Staff leave, the cost of outgoings fluctuate with energy bills, local business rates, rents, inventory costs, etc. Therefore, there is never a point to be reached where there is not more to be learned, planned, adjusted for and considered as a company director.
A company is only as good as the team that make it and sometimes being at the top can seem like a lonely and...

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Categories: Business Support, Business Development, Top Tips

Scale Up - Growing Business

SCALE UP - GROWING BUSINESS

Posted on: 10/10/2016

 

Starting a business takes courage, planning, dedication, vision and hard work, but what does it take to grow a business? More of the same, of course, but also added levels of competency in new areas. The managing of staff, payroll, health and safety, practical premises, delegation and risk analysis to name a few. 
In 2014 the government published the Scale Up Report that investigated the challenges faced by business moving from startups to established SMEs. What were the obstacles to growth...

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Categories: Business Support, Business Development, Top Tips

IOD Up-skills for Directors

IOD UP-SKILLS FOR DIRECTORS

Posted on: 10/10/2016

 

The Institute of Directors has recently launched a Director Competency Framework. This new development aims to help its members, and more broadly all business leaders, to achieve success in their chosen fields. 
The project was set in motion to encourage ‘exceptional leadership’ from directors. The emphasis of the guide is on ‘soft skills’, matching the more obvious and overt expectations of leaders - confidence, financial prudence, responsibility, forward thinking...

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Categories: Business Support, Business Development, Top Tips

IT Security

IT SECURITY

Posted on: 01/09/2016

 

Increasingly we work in a digital world and business data is everywhere, be it from cloud computing software, CRM systems, website data or social media. The way we organise our information and convey it to others more often than not involves a screen and online data.
It is perhaps not surprising then that there is an increased risk of cyber-attacks, lost data, and legal compliance issues in SME’s IT systems.
Recent research by CareersinAudit.com found that nearly half of the auditors...

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Categories: Business Support, Business Development, Top Tips

Holidays

HOLIDAYS

Posted on: 01/09/2016

 

You may have noticed over the last few weeks that offices across the country fell quiet, phones rang less and desks were abandoned as people headed off on holidays. A holiday from work can be beneficial not just for the employee - a change is as good as a rest - but also for the employer. Employees coming back from holiday are (generally) rested, positive and refreshed. They are less likely to take sick days - unless they picked something up on their travels - and they can have renewed enthusiasm...

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Categories: In the news, Business Support, Business Development, Top Tips

New Advisory Fuel Rates

NEW ADVISORY FUEL RATES

Posted on: 21/07/2016

 

From June 1st 2016 new advisory fuel rates took effect for company cars. The new rates concern employees using a company car and the updated rates must be put into effect by 1st July 2016.
These new rates, the guidance states, only apply in two circumstances. The first is if you are a business that is paying expenses for business travel that your employees have undertaken in a company car. The second is if there are instances where you require your employees to pay back the cost of fuel used...

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Categories: In the news, Business Development, Top Tips

Build Diversity at the Top For Better Profits

BUILD DIVERSITY AT THE TOP FOR BETTER PROFITS

Posted on: 06/07/2016

 

Alan Joyce, the highly successful CEO of Qantas Airline has recently made the case that being open and genuine about yourself is better for business. Joyce (who is openly gay) argues that when senior staff appear as real people - diverse, human, unique - they create a culture of openness that embraces difference and helps foster a spirit of opportunity in the wider workplace.
Joyce, who turned around Qantas from a financial and PR disaster, explained to the BBC 
"I can say categorically...

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Categories: In the news, Business Support, Business Development, Top Tips

ELF World Blood Cancer Day

ELF WORLD BLOOD CANCER DAY

Posted on: 29/06/2016

 

Here at NED we are proud to support the pioneering work of ELF - Elimination of Leukaemia Fund. In March we celebrated the opening of a new haematology ward at Kings College Hospital, and now we are delighted to see ELF recognised in a recent advert in the Guardian about World Blood Cancer Day.
Jonathan Neal, one of the directors of NED Solutions in Chatham, is in his second year of being a trustee of ELF and is very proud of NED’s involvement with the charity, which puts leading science...

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Categories: About NED, In the news, Business Development

Significant Control

SIGNIFICANT CONTROL

Posted on: 13/05/2016

 

From 30th June 2016 a new category of information will be required when UK companies or Limited Liability Partnerships fill out their annual return for Companies House. In addition to the familiar categories companies are currently required to declare will be a new section to capture information about all people (or companies) that have significant control over a UK business. Named the PSC Register – People with Significant Control Register - the legislation aims to tackle opaque business practices...

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Categories: In the news, Business Development

Broadband... Speeding up?

BROADBAND... SPEEDING UP?

Posted on: 27/04/2016

 

This year the government has met its internet target of rolling out broadband to 90% of UK homes. The target, set in 2010, aimed to make the UK have ‘the best superfast broadband in Europe’by 2015. Although missing this target by a few months, the goal has now been achieved. In fact, Thinkbroadband, who use a range of methods to test broadband speeds, believe that by 2017 the UK will have 95% coverage for broadband services. However, this news, although broadly good, for many is not quite...

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Categories: Just for Fun, In the news, Business Development

Swerving Errors in Candidate Selection

SWERVING ERRORS IN CANDIDATE SELECTION

Posted on: 19/04/2016

 

The workforce of a business is instrumental to its success, this maxim is nothing new. However, how to identify the right talent and evaluate candidates for a position is a dark art for which there is no one right answer. When looking for a ‘how to’ guide for interviewing potential candidates it is sometimes easier to extract advice about what not to do, rather than what to do. To this end, here are a few interview practices that (if possible) can be given a swerve...
Unless you...

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Categories: In the news, Business Support, Business Development, Top Tips

Spring Cleaning

SPRING CLEANING

Posted on: 13/04/2016

 

In a recent article in the Times, Mark Atherton recommends that individuals ‘spring clean’their financial lives. Whilst his advice is aimed at people’s independent financial choices, his advised approach can be extended into business strategy with positive effects. In a busy business environment, time to address and clean up fine details can be hard to find. Coordinating diaries to get decision makers around the table, balancing budgets, striving to get the next project off the...

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Categories: In the news, Business Support, Business Development

The Ovaltine Index

THE OVALTINE INDEX

Posted on: 06/04/2016

 

The Financial Times has created an index to track the shape of British Industry from the 1930s to present day. Nicknamed ‘The Ovaltine Index’ the grouping represents British industry that has survived and oftentimes flourished across the past 80 years. The inspiration for the Ovaltine Index refers back to when the London stock market was viewed through the prism of the FT30, an index of 30 British companies compiled in 1935, which later grew into the larger FTSE 100 that we know today. 
Apart...

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Categories: In the news, Business Support, Business Development

New Digital Tax Accounts Mark the end of the Annual Return

NEW DIGITAL TAX ACCOUNTS MARK THE END OF THE ANNUAL RETURN

Posted on: 30/03/2016

 

Following consultation with software developers HMRC have started to roll out a set of programmes that will provide the template for a new digitalised method of recording & organising our taxes. “The system of online accounts will be similar to online banking”HMRC says. Personal tax accounts have already been released, with the model becoming nationwide by April 2016. Business tax accounts are to follow shortly. 
For those registered for VAT the change will be minimal,...

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Categories: In the news, Business Development

Big Ideas Need Failure

BIG IDEAS NEED FAILURE

Posted on: 22/03/2016

 

Research and development is an important element to any business, whether as a means to define your first product, or as a route to develop growth. However, investing in ideas is a risky business, where real value is handed over in the hope of gaining hypothetical returns. Fear of allocating resources to the unknown can lead businesses to feel a pressure to play it safe, producing mediocre ideas, or minimal innovations to ensure likely but limited outcomes. In this environment, fear of failure can...

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Categories: In the news, Business Support, Business Development, Top Tips

The key principles to creating the Strategic Report

THE KEY PRINCIPLES TO CREATING THE STRATEGIC REPORT

Posted on: 26/02/2016

 

Every large organisation needs a robust reporting structure in place to communicate performance and ongoing strategy with its shareholders and respective stakeholders. Here, we distill and examine the information laid out in the Financial Reporting Council’s [FRC] Guidance on the Strategic Report publication; although formally aimed at large organisations these principles are equally applicable to SMEs.
The FRC states that the purpose of the strategic report is to provide a company’s...

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Categories: In the news, Business Support, Business Development

Gender balance on UK boards: Encouraging progress

GENDER BALANCE ON UK BOARDS: ENCOURAGING PROGRESS

Posted on: 25/02/2016

 

The issue of appropriate gender diversity on the boards of UK companies is an ongoing challenge. But what have been the most recent developments, and what do they mean for UK business?

Fact: Organisations will perform better when the boards that run them include the best people for the job.
In the boardroom, strategy is formulated, targets and budgets are set and key company decisions are made. It is therefore imperative that boards are made up of the best individuals for the job...

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Categories: In the news, Business Development

Dividend Taxation - The impact on small businesses

DIVIDEND TAXATION - THE IMPACT ON SMALL BUSINESSES

Posted on: 29/01/2016

 

Last year, George Osborne announced the dividend tax credit would be replaced with a tax-free dividend allowance of £5,000, with higher taxes on income above that. The change – coming into force on 1 April – has dramatic impacts for small business owners and entrepreneurs.
 
 Dividend taxation: The facts
 
In his Summer Budget speech last year, Osborne stated that those who either pay themselves in dividends or have large shareholdings worth...

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Categories: In the news, Business Support, Business Development, Top Tips

Pension liberation - government responsible for £2bn loss?

PENSION LIBERATION - GOVERNMENT RESPONSIBLE FOR £2BN LOSS?

Posted on: 27/01/2016

 

Pension liberation. It’s a term that suggests that individuals can access their pension funds before the age of 55 without permission from HM Revenue and Customs (HMRC).
Fundamentally, pensions can only be legally accessed from the age of 55, apart from in special circumstances, and most opportunities to do so earlier represent scams. Firms offering pension liberation services often convince individuals of a legal loophole that allows them to access the money, but the High Court...

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Categories: In the news, Business Support, Business Development, Top Tips

Automatic enrolment - what has been achieved so far?

AUTOMATIC ENROLMENT - WHAT HAS BEEN ACHIEVED SO FAR?

Posted on: 23/12/2015

 

Millions of people in the UK have not been saving enough for retirement: Currently, 50% to 55% of the working population do not contribute to a pension. This has been the argument at the heart of the UK’s pension reforms, which were set out back in 2012.
The reforms require employers to automatically enrol eligible workers into a qualifying workplace pension scheme and make a minimum contribution. The automatic enrolment duties began in October 2012 and will conclude in February 2018,...

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Categories: In the news, Business Support, Business Development, Top Tips

The role of risk in business growth Amazon’s path to success

THE ROLE OF RISK IN BUSINESS GROWTH AMAZON’S PATH TO SUCCESS

Posted on: 10/12/2015

 

Success in business depends on the ability to identify potential ways to evolve and the nerve to take calculated risks.
Amazon demonstrated these two qualities earlier this month [13 November] with the introduction of its online grocery delivery service - Pantry - here in the UK.
Pantry has more than 4,000 items available to order and allows customers to order up to 44 pounds (20 kilos) of pantry items that don't require refrigeration for a flat delivery fee of £2.99....

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Categories: In the news, Business Support, Business Development, Top Tips

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