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By Andrew Woodhouse

If your business is growing and you’re increasing the number of employees, you may benefit from introducing an organisational chart to keep track of who everyone is, and what they all do. Organisation chart definition An organisation (or organisational) chart is a structural diagram or graphic that shows how all…

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By Andrew Woodhouse

During busy times, you may need your employees to work longer hours or extra days. You might offer them overtime pay, but you can also offer them time in lieu. What is time in lieu? Time in lieu is the paid time off work an employee gets for having worked…

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By Andrew Woodhouse

What is a notice period? A notice period is the amount of time an employee has to give between handing in their resignation and actually leaving the company. This notice period also applies when an employer tells an employee their contract is being terminated. As an employer, you have to…

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By Andrew Woodhouse

What is the Bradford Factor? The Bradford Factor is a formula employers can use to monitor unauthorised absences. By calculating an individual score based on absence patterns, the Bradford Factor gives a fair way to assess when to take action against employees that are constantly calling in sick. Why use…

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By Andrew Woodhouse

What is holiday entitlement? Holiday entitlement is the legal minimum amount of time employees can have off each year. Under UK law, paid holiday entitlement is currently 5.6 weeks per year. Holiday entitlement UK In the UK, you’re entitled to a minimum of 5.6 weeks of paid holiday per year.…

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By Andrew Woodhouse

At the end of August, we were fortunate enough to attend the latest Small Business Advice Week, held at the ICAEW Headquarters in London. Small Business Advice Week has been helping bring brands, banks and organisations closer to small businesses for over a decade. It provides a fantastic forum for…

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By Andrew Woodhouse

Say hello to our fantastic new HR software! We’re very excited to announce the launch of our new HR software: KashFlow HR! It’s the easiest way to keep on top of business data compliance legislation and people management. By giving your employees opportunity to manage their own data, from booking…

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By Guest Contributor

More effort is placed on energy efficiency than contract management—and that’s costing you dearly. Remarkably, more businesses spend large amounts of time and money developing initiatives to become more energy efficient than managing their gas and electricity contract costs. That’s not to say that efficiency measures are a waste of…

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By Andrew Woodhouse

If you’re looking for an easy way to do your accounts, then you’ve probably read about cloud accounting. Over a quarter of UK SMEs now use cloud accounting due to its benefits in security, flexibility and reduced overheads. But what is it, exactly?   What is the cloud? The cloud…

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By Andrew Woodhouse

The first year of running your small business will go by in a blur. There’s a lot to do, and it’s got to be done right first time. Fortunately, there’s plenty of advice and software available to help every entrepreneur get going. Wondering where you’ll start? Here are some of…

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By Andrew Woodhouse

Learning to prioritise your workload is a key skill for everyone, in every profession. If you’re self-employed or a small business owner, it’s especially important to prioritise as you’re always doing so many things at once. We know it can seem overwhelming at times, especially when something goes wrong and…

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By Andrew Woodhouse

A record-breaking 657,790 new businesses were founded in the UK last year but in five years’ time, only half of them will still be trading. Odds like that make you wonder whether it’s worth the risk involved in setting up your own business. However… there’s a vast number of UK-born…

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By Emma Raftery

Waiting for your invoices to be paid can be a real drag, as can making them look professional enough to send out in the first place. A professional invoice should have your company logo, name and address on and should be well presented and easy to read – this can…

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By Emma Raftery

If you’re thinking of starting your own business you’ve come to the right place. Whether you have run a business before, just left school or retired these tips will help you get your start-up up and running.   Get a mentor No one is born an expert in everything and…

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By Emma Raftery

An effective payments strategy is integral to the success and growth of a business with over three quarters of UK businesses suffering from late and non-payment of invoices. This can be a death grip to small businesses who rely on fast payments to keep their business afloat. A scary 76%…

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By Emma Raftery

Starting your own business can be exciting, worrying and stressful and it is important to understand the implications of your decisions and do thorough research before making the jump. The following tips should help you make the best decisions for your business. Sole Trader or Limited Company? Whether you will…

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By Graham Crothers

It’s a question that plays on the mind of many a small business owner – how exactly do you achieve success? One trick is to think the way the most successful people think and adopt the same habits they have. Here are four characteristics of successful people that you can…

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By Graham Crothers

Digital nomads make a full-time living from their laptop, allowing them to work from anywhere, whether that’s their living room or a Wi-Fi enabled coffee shop. Digital nomads can be freelancers, bloggers, entrepreneurs and full-time employees who work exclusively online. For the right person, the digital nomad lifestyle is awesome. For the…

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By Graham Crothers

Making the move from sole trader to limited company is not as difficult as you may think it is. Starting up in business as a limited company involves a more complex formation process, and the financial and administrative responsibilities of running a limited company are certainly greater than those of a…

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