HLAS

The Information Commissioner’s Office (ICO) has a useful webpage with advice and guidance for all small organisations, including SMEs, small businesses, sole traders, small charities, groups and clubs, and small start-ups. The webpage includes a run-through of data protection and bite-sized advice on how to build trust and save money through stronger data protection compliance. Topics include: Getting started with data protection; Key data protection terms you need to know; Compliance checks; How to respond to a personal data breach; and How to deal with data protection complaints. See:  SME web hub – advice for all small organisations | ICO

The ultimate aim of every serious business person is to build a company that has value, so that it can be sold or transferred, allowing the entrepreneur to exit gracefully and profitably. Recently, we have been helping a number of our entrepreneur clients develop exit strategies. There are many factors to consider: When do you want to retire? Can the business be sold to your employees? Is a trade sale more likely? Are there children involved? How much is the business worth? What needs to be done to enhance the value of the business? How long will it take? Do [...]

Working capital finance solutions offer businesses the opportunity to improve cash flow. The world of commercial finance and asset-based lending (ABL) is complex and expansive with products, terminology and contractual interpretation varying from lender to lender. The benefits of arranging working capital include: Up to 90% of outstanding invoice value can be advanced within 24 hours; Flexible lending – funding increases in line with your growth (UK and Export); Confidentiality – lenders can offer a completely confidential service – your customers need not know you have a facility in place; Lenders allow you to manage your funding at all times; [...]

The latest official figures released by the Office for National Statistics (ONS) show that the UK's unemployment rate fell to its lowest level since 1974 in the three months to July. The jobless rate fell to 3.6% over the period, although this may change with a future recession. For many businesses, recruiting employees remains challenging, and we’ve seen some very inventive clients adopting new strategies. For example, some employers are now offering “Wellbeing leave” in addition to the usual holiday package. If you want to recruit, you have to get serious about the process and be on it 365! There [...]

The 70-year reign of Queen Elizabeth II was marked by her sense of duty and her determination to dedicate her life to her throne and to her people. For many of us, she became a constant in a rapidly changing world. King Charles lll paid tribute to the reign of the late Queen, “unequalled in its duration, its dedication and its devotion”, as he was formally declared the nation’s new Monarch. A new era begins for us all. Not only is there a new Monarch, but we also have a new Prime Minister and Cabinet facing the toughest economic conditions [...]

The Business and IP Centre (BIPC), part of the British Library, has launched a free, three-month programme designed to help creative businesses grow. The Get Ready for Business Growth programme will run from October to December 2022, and will aim to help companies in the creative sectors: launch new products reach new markets explore new opportunities Every three months, the BIPC will select 25 high-growth, creative businesses from across the UK to give specialist support and tailored one-to-one advice. The programme will run digitally, with modules including: getting the growth mindset good governance and building purpose into your organisation refining [...]

If you are due to file accounts with Companies House by the end of September, use the online services where possible and allow plenty of time before your deadline File online before your deadline. Companies House will send you an email to confirm that they have received your accounts. They will send you another email when they have registered your accounts. If you’re a small company, you cannot file abbreviated accounts anymore. Find out your accounts filing options for small companies. You’ll still need to file accounts if your company is dormant. Companies House online services are available 24 hours a [...]

The Information Commissioner’s Office (ICO) has written a guide to help small businesses deal with complaints about how they’ve used people’s information. If you are a small charity, small group or club, or small organisation, you will also find it useful. Even with appropriate data protection policies in place, sometimes your staff, contractors, customers or others whose data you hold may be unhappy with how you have handled their personal information. Your response matters, because taking the right steps will help to protect your reputation as a business that cares about people’s information. This will also help you provide a [...]

The Department for International Trade (DIT) is hosting a series of market awareness webinars to highlight the business and exporting opportunities across a range of Commonwealth markets. Through June and July DIT hosted sessions with the markets of Canada, Malta, South Africa & Pakistan which has supported businesses nationally in connecting with colleagues and partners overseas. These webinars have provided businesses with knowledge and insight into the opportunities available in these markets. In the second series of 1-hour webinars DIT will be covering more Commonwealth markets. These sessions will include: - market opportunities panel discussion overview of specific sector opportunities [...]

With the economic chaos just now, this may seem a strange time to be thinking about financial stability but if we want to provide those we love with security then we should always be thinking long term. The pandemic, spiralling inflation and the current economic downturn show all too clearly good health, and even life itself cannot be taken for granted. When both partner’s income and assets are vital for the household’s financial security, it will inevitably mean financial difficulty for the survivor should either of them die. With the right financial planning you can minimise the problems for your loved [...]