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Strategic Alliance, the art of getting it right

In the current economic climate, businesses must look at new ways to win customers. As such, many firms are now looking at strategic alliances which allow them to access new segments of the market.

If properly executed, a strategic alliance can be good for business and good for the consumer. A strategic alliance is similar to a joint venture, in that everyone remains an individual entity but comes together for a single purpose or period of time to create something that could not otherwise be created.

Benchmarking, Auditing and Planning

Small business confidence is on the rise, but is your business prepared for the next phase of growth?

As exports grow are you ready to take on new markets?

There has been a positive start to 2014 so far when it comes to exports. A recent report from the Chartered Institute of Purchasing and Supply revealed that the rate of increase in new export business in January came close to a three year record.

Budget 2014: What can we expect?

As we head towards Budget 2014, which will take place on Wednesday 19 March, there is no denying the UK economy is in a better place than it was this time last year. GDP growth of 2.4 per cent is predicted for this year and things are looking up, but does this mean that George Osborne will be providing dramatic tax cuts and reforms? Probably not…

A taste of medicine for your finances

Doctors, when was the last time you gave your finances the kind of care and attention you give to your patients?

RTI still leaves room for payroll errors

Despite the recent introduction of Real Time Information (RTI) for PAYE, HMRC has confirmed that around 5.5 million people paid the wrong amount of tax in the 2013/14 tax year.

How to profit from your patents

The Patent Box allows companies to apply a reduced 10% rate of corporation tax rate on profits earned from their patented inventions and innovations.

What makes a good business strategy?

This is a question we often get asked at Hemsley Miller, and it stumps us every time. It's almost impossible to pin down what makes a good business strategy because there is no definite answer.

EU VAT rules are changing. Are you ready?

From 1 January 2015, the way VAT is charged on e-services, broadcasting and telecommunications services to individual consumers will change. If you supply these services to consumers in the EU, are you ready?

Five ways to grow your business

"How do I grow my business?"
It can be a difficult question to answer. If you don't know what kind of growth you're aiming for, it seems like a vague concept. Do you want to increase your profits? Open a new office or store? Hire more employees?

RISKY BUSINESS: GOOD RISK VERSUS BAD RISK

From a business perspective, there are good and bad risks. Every opportunity that creates value can be considered a good risk. Bad risks include ignoring regulations or failing to implement effective policies and procedures.

Understanding Your People

One of the most important tasks in creating a high-performance culture in your business is taking the time to understand your team and their needs. When employees’ needs are met, and they feel aligned with the strategy, vision and values of the firm, they tend to respond with higher levels of engagement and commitment, and are willing to go the extra mile to support the development of the business.

Technology and Agile Working

As agile working becomes more common, technology has had to adapt to ensure that employees can be productive, regardless of where they are physically located. Many potential new recruits expect some degree of agile working and the leading businesses have already started to adapt in order to appeal to the best candidates. Many firms have been rolling out smart devices, cloud based storage and cloud based printing in order to allow their people to work from anywhere.

Making Tax Digital for Business Delayed

The Government has responded to pressure from accountants and other interested parties and announced the delay of Making Tax Digital #MTD for Business to 2020 at the earliest.

Managing Customer Experience

When we have positive interaction with a business we feel good about it and will probably tell friends or colleagues about the experience.

Cash is King!

Managing your cash flow to grow your business

Business Trends to Watch in 2019

Here are some of the top Business Trends to watch in 2019.