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Friday, 30 July 2010
Friday, 23 July 2010
Monday, 19 July 2010
Friday, 16 July 2010
Thursday, 15 July 2010
Monday, 12 July 2010
Warning signs of fraud in your business
Increased fraud, and other types of financial crime is one of the unfortunate consequences of the current economic downturn, according to the ACCA's head of business law, John Davies.
Mr Davies advises businesses to look out for the following possible warning signs in the behaviour of their staff:
• Increased levels of stress
• Lifestyle not commensurate with salary
• Personal financial problems
• Reluctance to take annual leave
• Unwillingness to delegate
• Cosy relationship with contractors and suppliers
Business owners should also watch out for possible financial indicators of fraud, such as:
• A rise in cash transactions
• Large variations in expense claims between offices
• Poorly reconciled cash expenses
• Rising costs with no explanation, or that are not commensurate with increases in revenue
• Customer complaints and large volume of refunds to customers
Mr Davies advises businesses to look out for the following possible warning signs in the behaviour of their staff:
• Increased levels of stress
• Lifestyle not commensurate with salary
• Personal financial problems
• Reluctance to take annual leave
• Unwillingness to delegate
• Cosy relationship with contractors and suppliers
Business owners should also watch out for possible financial indicators of fraud, such as:
• A rise in cash transactions
• Large variations in expense claims between offices
• Poorly reconciled cash expenses
• Rising costs with no explanation, or that are not commensurate with increases in revenue
• Customer complaints and large volume of refunds to customers
Friday, 9 July 2010
Wednesday, 7 July 2010
Late payment the key concern for small business owners
The latest Economic Downturn Panel survey shows that late payment problems are causing small business owners more sleepless nights than any other issue currently.
In all, 42% of FPB members who took part in the survey reported a deterioration in prompt payments from customers – typically bigger businesses.
However few business owners in the UK take an assertive approach with their credit control and allow the customer to dictate the terms. A low percentage charge interest to their debtors in the fear that customers will simply take their business elsewhere.
Under the Late Payment of Commercial Debts (Interest) Act 1998, small businesses have a Statutory Right to Interest (SRI), meaning they can in theory charge for late payments. The payontime web site provides more details and a calculator to see what you could charge.
In all, 42% of FPB members who took part in the survey reported a deterioration in prompt payments from customers – typically bigger businesses.
However few business owners in the UK take an assertive approach with their credit control and allow the customer to dictate the terms. A low percentage charge interest to their debtors in the fear that customers will simply take their business elsewhere.
Under the Late Payment of Commercial Debts (Interest) Act 1998, small businesses have a Statutory Right to Interest (SRI), meaning they can in theory charge for late payments. The payontime web site provides more details and a calculator to see what you could charge.
Sunday, 4 July 2010
First Aid DVD is now available to buy
Our new DVD is now available to buy at Amazon or direct via our own DVD site.
It is ideal for enhancing new skills or providing a revision of your existing skills and is designed to support the HSE’s "strong" recommendation that first aiders are to refresh their first aid knowledge on an annual basis.
This is a comprehensive guide to First Aid and the introductory price is only £49.99.
For more information, a trailer and a link to buy from Amazon, please see www.firstaiddvd.co.uk
It is ideal for enhancing new skills or providing a revision of your existing skills and is designed to support the HSE’s "strong" recommendation that first aiders are to refresh their first aid knowledge on an annual basis.
This is a comprehensive guide to First Aid and the introductory price is only £49.99.
For more information, a trailer and a link to buy from Amazon, please see www.firstaiddvd.co.uk
Friday, 2 July 2010
Thursday, 1 July 2010
Budget Highlights
The first budget of the new coalition took place on the 22nd June. A useful summary can be found at the direct.gov web site.
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