Entelliz recommends
Week 52, 2008
STOP PRESS......
Prompt payment code launched
Business Secretary Lord Mandelson launched a new Code of Practice to help increase the speed of payments to smaller companies. The code, developed with the Institute of Credit Management, aims to establish a clear and consistent policy in the payment of business to business bills. It encourages large companies and public sector organisations to ensure that they pay suppliers on time, give clear guidance to them on payment procedures and request that lead suppliers encourage adoption of the code throughout their own supply chains.
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Tip of the week
A good spouse can be priceless when it comes to business success
The latest research from Bibby Financial Services has found that over a third (38%) of business owners’ partners believe that working weekends is part of the course when your other half is running a business. Long suffering spouses also contribute some £72 billion per year to the UK economy by helping out in their partner's business without pay, equating to over 230 million unpaid hours every month.
But be aware; while most spouses are committed to supporting their partner in achieving their business goals, almost a quarter (24%) report that arguments are caused by their other halves thinking about work too much, and almost a third (29%) have fallen out with their partner due to the lack of help with chores around the home.
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Article of the week
Alternatives for redundancy
Many employers facing tough decisions about layoffs, but premature layoffs could be a disaster for both employees and employers. Iin any scenario involving layoffs, morale among those employees remaining at the company is sure to plummet but the costs of layoffs go beyond the morale problems and Wharton management Professor Peter Cappelli suggests that if a company can cut back without instituting layoffs, it should do so.
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Newsflash of the week
Thousands of businesses asking HMRC for more time to pay tax bills
Under the 'Business Payment Support Service' scheme, which was revealed in the recent Pre-Budget Report, businesses affected by the current economic climate can ask for more time to pay money owed to HMRC. To-date the HMRC agreed to over 4,700 requests for extra time to pay and referred a further 1,900 cases to debt specialists for further consideration.
If you're worried about being able to meet tax, National Insurance, VAT or other payments owed to HMRC, you can call HMRC's Business Payment Support Service on 0845-302-1435. Lines are open Monday to Friday 8am to 8pm, Saturday and Sunday 8am to 4pm and asking for more time to pay. HMRC claim that, in most cases, they will be able to give you a decision in about 10 minutes.
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Event of the week
Inspiring Entrepreneurs: Business Nightmares
Date: Wednesday 21 January 2009, 18.15-21.00
Venue: British Library IP Centre
Price: £10.00
Are you concerned that the economic downturn will affect your chances of success? Hear how four entrepreneurs survived the toughest times and built businesses on the back of the lessons learned. Speakers include Rachel Elnaugh, founder of Red Letter Days and Aamir Ahmed, founder of furniture company Dwell. Click here to book online
Week 52, 2008
STOP PRESS......
Prompt payment code launched
Business Secretary Lord Mandelson launched a new Code of Practice to help increase the speed of payments to smaller companies. The code, developed with the Institute of Credit Management, aims to establish a clear and consistent policy in the payment of business to business bills. It encourages large companies and public sector organisations to ensure that they pay suppliers on time, give clear guidance to them on payment procedures and request that lead suppliers encourage adoption of the code throughout their own supply chains.
.
Tip of the week
A good spouse can be priceless when it comes to business success
The latest research from Bibby Financial Services has found that over a third (38%) of business owners’ partners believe that working weekends is part of the course when your other half is running a business. Long suffering spouses also contribute some £72 billion per year to the UK economy by helping out in their partner's business without pay, equating to over 230 million unpaid hours every month.
But be aware; while most spouses are committed to supporting their partner in achieving their business goals, almost a quarter (24%) report that arguments are caused by their other halves thinking about work too much, and almost a third (29%) have fallen out with their partner due to the lack of help with chores around the home.
.
Article of the week
Alternatives for redundancy
Many employers facing tough decisions about layoffs, but premature layoffs could be a disaster for both employees and employers. Iin any scenario involving layoffs, morale among those employees remaining at the company is sure to plummet but the costs of layoffs go beyond the morale problems and Wharton management Professor Peter Cappelli suggests that if a company can cut back without instituting layoffs, it should do so.
.
Newsflash of the week
Thousands of businesses asking HMRC for more time to pay tax bills
Under the 'Business Payment Support Service' scheme, which was revealed in the recent Pre-Budget Report, businesses affected by the current economic climate can ask for more time to pay money owed to HMRC. To-date the HMRC agreed to over 4,700 requests for extra time to pay and referred a further 1,900 cases to debt specialists for further consideration.
If you're worried about being able to meet tax, National Insurance, VAT or other payments owed to HMRC, you can call HMRC's Business Payment Support Service on 0845-302-1435. Lines are open Monday to Friday 8am to 8pm, Saturday and Sunday 8am to 4pm and asking for more time to pay. HMRC claim that, in most cases, they will be able to give you a decision in about 10 minutes.
.
Event of the week
Inspiring Entrepreneurs: Business Nightmares
Date: Wednesday 21 January 2009, 18.15-21.00
Venue: British Library IP Centre
Price: £10.00
Are you concerned that the economic downturn will affect your chances of success? Hear how four entrepreneurs survived the toughest times and built businesses on the back of the lessons learned. Speakers include Rachel Elnaugh, founder of Red Letter Days and Aamir Ahmed, founder of furniture company Dwell. Click here to book online
Copyright © 2008 Entelliz Limited