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Author Archive for Gordon

52 million pounds funding for business-focused universities

Jun 04 2006

Posted by Gordon as Business Concepts, Business Enhancements, Business News, General Management, UK Companies

This piece of news will be welcomed by students all over the country. The DTI has recently awarded �52 million to a number of universities under the third round of the Higher Education Innovation Fund or HEIF. The goal of the awards is to aid in building closer ties between business and institutions that offer higher education. One of the projects that will share in the 52 million pounds funding handout are initiatives whose goal is to boost the number of entrepreneurs, establish a UK creative industry in China and to target the early signs of disease. The DTI has awarded ...

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Small businesses to be hit hardest by new compulsory pension

Jun 03 2006

Posted by Gordon as Business Concepts, Business Enhancements, Business News, General Management, UK Companies

Small businesses seem to be taking a lot of unnecessary hits of late, and they are already feeling the effects of this “injustice.” It seems the government is not yet content with just hitting businesses with an endless list of legislation and then tying them up with red tape. Now it looks like small business employers will be forced to make contributions to a new National Pensions Savings Scheme or NPSS. An employee can decide not to participate in the NPSS but with the sheer apathy of most employees it is believed that most will choose to remain ...

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System reforms can solve the problem of tax avoidance

Jun 02 2006

Posted by Gordon as Accounting and Finance, Business Concepts, General Management, Tricks of the Trade

Based on what a group of business leaders have discussed in a recent gathering, a comprehensive reform in the tax system is the most effective solution to the problem of tax avoidance. According to a recently conducted comprehensive study on tax avoidance, the Institute of Directors (IoD) has signified its advocacy for the redesign of the entire tax system in order to remove the current artificial boundaries between things that are considered as close commercial substitutes. The employers’ organisation has been insisting that a swift action on the problem is absolutely needed what with taxpayers getting more and ...

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Blair cabinet re-shuffle hit by interest group

Jun 01 2006

Posted by Gordon as Business Enhancements, Business News, General Management, UK Companies

The recent decision of Prime Minister Tony Blair to reshuffle his cabinet has been hit by an interest group, saying that the move has once again ignored the welfare of small businesses. The Forum of Private Business (FPB) has maintained that the decision has been detrimental for businessmen and business owners who own small businesses. They particularly cite the reshuffling of the Department of Trade and Industry but overlooking the fact that the position for Small Firms Minister has remained vacant. FPB Chief Executive Nick Goulding said that he thinks what has happened is another case illustrating the ...

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Competent job candidates are getting harder to find

May 31 2006

Posted by Gordon as Business Concepts, Business Enhancements, UK Companies

There seems to be a dearth of good, competent staff for small and medium sized businesses across the UK who are looking for people to fill important positions in these companies. In fact, 172,000 businesses have reported that they have not received any kind of applications for some of the job vacancies. This shortage presents a good opportunity for many recruitment agencies who can possibly help fill these vacancies. Although a skills shortage among the applying job candidates can still be considered as a tough issue, more often than not the difficulties arise from the ...

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Make small business tax less taxing says pressure group

May 30 2006

Posted by Gordon as Business Concepts, Business Enhancements, Business News, General Management, UK Companies

A pressure group is strongly urging the government to finally remove the big headache posed by confusing and time consuming tax returns. According to the Forum of Private Business (FPB), through its Chief Executive Nick Goulding, “It’s time to make tax returns less taxing. Our research shows that small business is left spending valuable time completing forms that they find confusing and over-complicated.” Goulding asserts that it is clear that not enough effort is being done in order to give assistance to small businesses in trying to understand what their role and responsibilities are when it comes to filing ...

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Business confidence rises for second half of 2006

May 29 2006

Posted by Gordon as Business News, General Management, UK Companies

According to the accountants and business advisers at BDO Stoy Hayward, UK economic growth is expected to grow stronger in the second half of 2006. The report, which was included in the most recent BDO Business Trends report, shows that a there is an increase in business confidence both in the short-term and the long-term. There is an expected growth of 3.4 per cent for the third quarter of 2006. This is compared to the 2.4 per cent posted in the last quarter of 2005. These positive numbers are likely to give tremendous benefit to the UK economy especially later this ...

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Virtual Office – Holding Regular Meetings

May 07 2006

Posted by Gordon as Virtual Office

Human interaction is important in any working environment. And even in a virtual office setting, communication is essential to keep a team moving towards achieving its goals. This is why companies that set up virtual office arrangements heavily utilise email, instant messaging, and even video-conferencing in communicating with each other. However, this may not be enough, as sometimes, there’s no replacing actual interaction. This is where regular meetings are important. Companies that have employees scattered across cities, states, countries, and even continents should find a way to have regular meet-ups, at least once a year. In most cases, it would benefit ...

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Virtual Office Drawbacks and Solutions

May 06 2006

Posted by Gordon as Virtual Office

The main point with setting up a company with virtual offices is to save on costs and add to efficiency. This stems from the principle that a company can save on rent, utility, and staffing costs if it foregoes the need for a central office and then distribute the costs among smaller home or mobile offices, instead. Also, employees are likely to be more productive if they are left to work at the comfort of their own environs. However, considering that costs of logistics and technical support services become too high, a business might be led to think twice ...

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Virtual Office Drawbacks (part 2)

May 05 2006

Posted by Gordon as Virtual Office

Among the problems associated with virtual office arrangements is the issue of logistics. Some companies prefer to provide their mobile employees with all the equipment and other tools they need for work. Others just let their employees purchase things they need and then reimburse these at cost. Still other companies would let their employees purchase needed items at their own cost, with these imputed into their respective compensation schemes. And as with other work settings that rely heavily on technology, work-at-home or mobile office set-ups are not without glitches. Often would one or two remote employees experience technical problems of ...

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