From The Apprentice to Dragons’ Den, we’ve all seen TV shows where would-be entrepreneurs pitch for funding to start a small business (or scale a company later down the line). While these shows make for great entertainment, they can make the idea of getting investment seem rather scary. In the real world, there are several ways to get funding to start a business … [Read more…]
Your customers want to manage their finances in one place. In this article, we look at how Sage Embedded Services lets product teams embed accounting, tax, and payroll behind flows customers already use and trust. Here’s what we discuss: The pressure to unlock new revenue Platforms that serve start-ups, small, and growing businesses are under … [Read more…]
All businesses registered for VAT now need to follow Making Tax Digital for VAT, even if they’re below the VAT registration threshold (currently £90,000). The MTD for VAT rules say you have to use compatible software for VAT accounting and keep VAT accounting records digitally. It’s a significant change. But it’s simply that the government wants to help businesses move into the digital age—with … [Read more…]
Thinking about using an Employer of Record (EOR)? You’re not alone. Many UK businesses are turning to alternative ways of employment, like EOR services, to hire internationally, reduce compliance complexity and move faster in competitive talent markets. But EORs aren’t right for every situation. Going in without understanding the trade-offs can lead to real frustration. … [Read more…]
Key takeaways The organisational skills gap is a business capability issue: It is the difference between the skills your organisation needs and the skills currently available in your workforce. Skills gaps are increasing: 55% of HR leaders say skills gaps have increased in their organisation over the past 2 years. Hiring alone will not solve … [Read more…]
Later on this year, a new law could force employers to publish salaries in every job advert, something that a lot of businesses and HR teams have historically avoided. When you think about the principle behind it – saving candidates time, ensuring fair compensation – it’s hard to argue with. But, as with everything in … [Read more…]
In partnership with Smart Data Foundry and The Centre for Economics and Business Research, Sage has published its latest SME Monthly Workforce Pulse research. This is drawn from anonymised payroll data from approximately 200,000 small businesses and provides unheralded insight into pay across the UK. The data is part of Data for Good, Sage’s commitment to help Small … [Read more…]
Employer of record pricing is one of the most asked questions in global hiring and one of the least transparently answered. Most EOR providers won’t publish a number on their website. They’ll direct you to a sales call first, which makes it almost impossible to compare options before you’ve already spent time in a demo. … [Read more…]
Most small business owners have their routine. They check their bank account, then their accounting software. Then they try to remember which transactions they’ve categorised, which invoices still need raising, and whether that VAT return is actually due when they think it is. Your customers are going through this right now and if your product isn’t solving it, they’ll move to one that is. Because the solution exists. Their bank has the transaction info, receipts may live … [Read more…]
Payroll fraud prevention is one of the most overlooked disciplines in UK business finance. Not because organisations don’t take fraud seriously, but because payroll fraud rarely looks like fraud when it starts. It looks like a small discrepancy. An approved overtime entry that seems slightly high. A pay rate that changed without a clear record … [Read more…]