Category: Company

Small business pessimism highlights the need to take insight from your numbers.

According to a recent survey from ACCA UK (the Association of Chartered Certified Accountants) and The Corporate Finance Network, 1 in 5 small businesses believe full trading recovery following the COVID-19 pandemic will take two years. This gloomy prediction came from a survey of accountants representing 7,065 clients. The same articl...

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Post-lockdown Intel for Company Directors

Are you a company director seeking guidance as we exit lockdown? Want to know the potential pitfalls and opportunities that lie ahead? To help you chart the way, here’s our intel on 5 areas on which Company Directors need to be aware. 1. Dividends timebomb? If you’ve taken dividends this year, you need to be sure the busines...

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Companies House – a few changes

Companies House has issued guidance to its customers regarding accessing its services during the ongoing pandemic. Companies House is trying to make access easier utilising electronic means. As such it is encouraging us where possible to meet filing requirements via the online portal. Currently accounts, confirmation statements, certai...

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Goodbye Job Retention Scheme, Hello Job Support Scheme

As of 31st October 2020, the Government’s current job retention scheme will cease. Currently employers can claim up to 70% of an employee’s wages who is on furlough subject to the salary cap. However, last week the Chancellor announced a further scheme aimed to continue to assist employers and prevent unnecessary redundancies. Wha...

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TOP CONTRACT TIPS

#15 GET ADVICE Of course we would say that wouldn't we! Yes, but we are often met with the phrase "I wish I had spoken to you first". You don’t have to spend a fortune on advice. Whoever it is you want to engage with, that professional adviser's review of your contract can give you great peace of mind. They can: point out the...

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TOP CONTRACT TIPS

#14 TURN YOUR CONTRACT INTO AN ASSET Think of the contract as a strategic tool to protect your business and manage risk. In our prior blog about negotiating contracts we set out key clauses to include. These are central to managing risk in your business. However, it can also be a positive asset as well. Why not use it is a marketing to...

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TOP CONTRACT TIPS

#13 ALWAYS REVIEW, NEVER FORGET Following on from our post about understanding the contract, it is just as important to review contracts as well. They are not a one off; they should almost be thought of as fluid. Why? Even if you have a very detailed scope of work, clients tend to ask you to add services. Don’t be afraid to upd...

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TOP CONTRACT TIPS

#12 IS MY CUSTOMER BOUND? How do you ensure your customer knows they are bound by your contract terms? It is frustrating when someone says they are not subject to the contract because they have never seen it. The first step is to send a copy of your contract to your customer or certainly tell them where to find them. If you email co...

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TOP CONTRACT TIPS

#11 DO NON COMPETES REALLY WORK? Non-compete clauses (also known as restrictive covenants) are commonly found in employment contracts. They are also used in many other business relationships. They are designed to prohibit third parties from offering business to the marketplace in competition with you. Provided they are appropriate a...

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TOP CONTRACT TIPS

#10 SHOULD I BE EXCLUSIVE? Exclusivity in a contract will mean you are the only supplier supplying that particular service or product to the customer. If you are the supplier, this is great. It means you know there will not be anyone else there to compete for the potential orders the client makes. Plus, it can create customer loyalt...

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