Are you ready for the VAT rate rise?

It is just a year since the Government rushed through, in a matter of days, a reduction in the VAT rate to 15%. We were told that this would stimulate the economy – whether it did or not is one for the political commentators – but the thirteen month temporary reduction is now almost at an end and we must prepare ourselves for a return to 17.5% VAT on 1 January 2010.

Cut out the excess fat on your costs

A recent study by the Chartered Institute of Personnel & Development concluded that making job cuts should be the last resort in the current economic downturn, after revealing that the cost of laying off an employee could be more than £16,000. Against this another study revealed that 69% of Financial Directors feel under pressure from board colleagues to find more ways to cut costs.

New Year is crucial time for cashflow

With the countdown to the New Year underway, new research reveals businesses are in for a tough time during the first quarter of next year. Bibby Financial Services is calling on business owners and managers to ensure they have their finances in order to help them avoid recessionary pressures and making cuts to their business.

Give your business a ‘cost healthcheck’

A recent study by the Chartered Institute of Personnel & Development concluded that making job cuts should be the last resort in the current economic downturn, after revealing that the cost of laying off an employee could be more than £16,000.

Against this another study revealed that 69% of Financial Directors feel under pressure from board colleagues to find more ways to cut costs. With Britain now officially in recession, how does a business keep costs in check to maintain a healthy bottom line without necessarily making redundancies?

Green today gone tomorrow

It’s a special occasion and you’ve decided to spend your hard-earned cash on a hot air balloon ride for you and your true love. As you float through the sky without a care in the world, you feel calm, entirely protected by the glorified wicker basket which holds you aloft. It’s a picture of romantic bliss, complete with chocolates, strawberries and a bottle of Dom Pérignon chilling in a bucket for later. But whatever you do, don’t look down!

Happy New Year…?

To say that the markets have been turbulent in 2008 would be a complete understatement and the prospects for 2009 seem much the same. My prognosis is that while the markets may drop further, though providing a three to five year horizon is anticipated, this will look a good time to invest in hindsight.