Maximum working hours for employees

Maximum working hours for employees

 

In the UK, employees shouldn’t work more than 48 hours a week, but you can voluntarily decide to opt out of this and work extra hours. But what exactly counts as working hours? This article explains all about the maximum working hours so make sure you’re not unknowingly doing too...

 

Online Time Tracker

Online time trackers: Functions and uses

 

Online time trackers make it easier for you to track your employee’s working hours. Furthermore, many applications offer comprehensive functions that go well beyond mere timekeeping. This way, you simplify your personnel planning and resource planning. It’s not only large...

 

Self employed tax

How do you pay tax correctly as a freelancer?

Either October or January (depending on whether you submit on paper or online) are usually the deadlines for submitting tax returns on the previous financial year in the UK. This process often leads to questions: How do I determine my earnings? What can be deducted? Which forms need to be filled out? What are the deadlines and extensions? Something that often escapes many freelancers is that...

Filing entertainment expenses: Here’s how it works

Entertainment expenses – make the most of the tax incentives

When it comes to entertaining clients and business partners, the UK is not the most tax friendly of locations. However there are still some ways of saving money with your entertainment expenses, and this includes entertaining both clients as well as your own staff. Here you can read all the steps that you need to take to make sure you file your company entertainment expenses correctly, as well as...

Maximum working hours for employees

Maximum working hours for employees

In the UK, employees shouldn’t work more than 48 hours a week, but you can voluntarily decide to opt out of this and work extra hours. But what exactly counts as working hours? This article explains all about the maximum working hours so make sure you’re not unknowingly doing too many hours.

Product life cycle

The four stages of the product life cycle

After introducing a product on the market, many companies tend to wonder how its sales will evolve in the future. Every product goes through the same stages. Once you understand the product life cycle stages, you can better plan your company’s operations. This model affects a wide range of business sectors. Ideally, you should be thinking about the product life cycle for marketing as well.

Find UTR number

What is my UTR? Finding out your own taxpayer number

When that time of year comes around when you have to file your tax returns, you’ll be faced with the question: What is my UTR? What about my NINO? What do these abbreviations even mean? It can sometimes be difficult to keep track of things. But don't worry, there are simple ways to find the right taxpayer number.

Supply and demand

Supply and demand – how they control the market

Supply and demand determine pricing in a free market. Demand has an influence on supply and vice versa. With no demand, any supply is redundant, and with no supply, demand is ineffective. When they are in equilibrium, prices remain stable and goods are affordable. But how exactly does the law of supply and demand work?

ABC analysis

ABC analysis: a method for business planning

ABC analysis identifies which goods or customers generate the most revenue. It assigns individual items to specific categories based on how much they contribute to the total value. This makes it easy to determine which items are very important and should be prioritised (category A) and which only contribute a small amount to the total value (category C).

Retention periods for business records

Statutory retention periods for business records

Which business documents are subject to retention? Who is obligated to store them? 2 years, 6 years, 10 years: How long is long enough? The requirements for retaining commercial documents and their relevance to tax law can be confusing. We will guide you through the process and show you what needs to be kept by whom and for how long, as well as how to properly store business documents.

Records management

Records management: what does it entail?

Many UK companies must comply with records management or be penalised. The GDPR, Data Protection Act 2018 and ISO 15489 standard regulate how companies should act when it comes to records management. Read on for more information about the requirements and what they aim to achieve.

Grow Your Business

A solid business growth strategy is paramount for any business owner. This category focuses on all the aspects that follow the establishment of a company; from business strategy and growth, to recruitment, bookkeeping, and taxes.


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