Make customers aware of late payments policy
For many businesses, pursuing and recovering business debt is a priority.
For many businesses, pursuing and recovering business debt is a priority.
Improving productivity and developing new products, processes and services is at the heart of most successful and growing businesses. It was welcome that the Chancellor's Autumn Statement brought news of increased support for business productivity through innovation.
Not every threat of fraud to an organisation comes from a stranger. One of the biggest fraud risks to an organisation comes from within – from those who know the relevant controls, policies and procedures.
A new survey has found that 62% of Northern Ireland workers are considering moving jobs in 2017.
Over the next 18 months, HM Revenue & Customs (HMRC) will roll out ambitious plans for making tax digital (MTD). Whilst all businesses will be required to make returns digitally by 2020, implementation will be phased on a tax by tax basis.
Here at the family law department of Worthingtons, year after year we find that January is one of the busiest months for new inquiries for legal advice relating to family relationship breakdowns, divorce or separation.
What a year! As we look back over the last 12 months, global political events made 2016 a year to remember. The economic optimism of the New Year was shattered by Brexit in June, lifted temporarily by footballing successes in the summer and dampened by the US...
In the case of Edwards v Bramble Foods Ltd ET/2601556/2015, an employment tribunal has decided that the dismissal of an employee who refused to work extra hours before Christmas was fair.
There are a number of values that go beyond international borders and cultures. The rule of law, freedom of expression, or, even an appreciation of chocolate are often cited, but from recent experience the need for and value of, sound financial management, is also on that list.
In the same way that turkeys might avoid thinking about Christmas, there is a tendency for individuals to avoid thinking about Inheritance Tax (IHT) and the inevitable circumstances that make it relevant.
As the festive season approaches and the finishing touches are made to the planned festivities, you may be concerned about whether the dress code should be ‘Christmas jumper’ or what time the bar closes.
In a growing market landlords and developers alike may take the opportunity to develop their holdings. Consequently, an increasing number of tenancy renewals may be opposed. Can a landlord lawfully oppose a renewal on the ground that they wish to redevelop the...
Employers have become familiar with the Real Time Information (RTI) processes of PAYE. Given that HMRC has had the information from RTI at their disposal, just how long will it be before government departments start to scrutinise the data?
Increasingly in today’s environment and market place, public and private sector organisations are calling upon the skills of internal auditors to review internal processes at both strategic and operational levels.
With the implications of Brexit on business still to be fully understood, many businesses are considering ‘protective’ steps to try to minimise any commercial impacts.
What happens when Trading Standards Service Investigate your Business? The Consumer Protection from Unfair Trading Regulations came into force on May 26, 2008, implementing the EU Unfair Commercial Practices Directive, and apply to all 'business to consumer'...
If you are thinking of starting your own business, make sure you give consideration to the legal structure. The most common are sole trader, or partnership (where there will be more than one owner of the business) or you can form a limited company.
Engaged employees play a vital role in successful business growth. However, finding, motivating and retaining the right people is a struggle for many companies.
It is a basic rule in law that requirements for the service of notices, whether pursuant to a contract or statute, must be strictly complied with. This is a harsh rule which has been continually tested by the courts, culminating in the 1997 House of Lords case in which a principle was developed - known as the Mannai principle after one of the parties to the action.
According to a report released last week by employment mediation service Acas, negative attitudes towards tattoos could result in bosses missing out on talented young workers.
In today’s environment, business is no longer just about maximising shareholder return but about being a good corporate citizen. A company’s reputation is critical to its ability to succeed.
Starting and indeed running a business can be both rewarding and challenging in these uncertain times. There are many legal and other pitfalls that can beset a growing business, including non-payment of a debt by a customer, contractual disputes with customers, suppliers...
All parents want what is best for their children and an obvious (and very important) part of that is providing for their education. If a child has a learning difficulty then he/she may require special assistance in school to help reach and to maximise their potential.
This is one of the busiest times in the university calendar as students reflect on their A-level results and find out if they have been successful in attaining a place to study on the course they chose earlier in the year.
Most business owners are aware the hourly rate for the minimum wage depends on your age and whether you’re an apprentice.
When is a lease not a lease? If no rent is actually payable can it still be a lease? Does a lease need to be for a term or can it be for ever?
If you are considering an investment, one of the first things to do is to conduct a due diligence. There is a misconception that due diligence is a process that involves reviewing, verifying and stress testing financial information.
Throughout Northern Ireland working parents have started to exercise their new entitlements to enjoy shared parental leave and shared parental pay. Whilst some employers have reacted to these changes, many are yet to develop plans to ensure their business can cope...
Lawyers know all about exits. Whether clients are going through divorce or ending contractual relationships, including employment, we are familiar with how fraught parties can become and cases are all too often more difficult in the absence of written documents to govern...
With several tax changes for residential properties announced over the past 12 months, landlords need to be aware of how these could affect their tax bill.
Back in 1992 Stella Liebeck ordered a cup of coffee at a fast food chain drive-through. The coffee spilt, causing Ms Liebeck to suffer third degree burns. Her lawsuit against the fast food chain has become legendary in many circles, and is commonly believed to be the...
With just over one week to go, more than 500 participants from businesses across Northern Ireland are warming up for the 2016 Grant Thornton Runway Run.
Information security is a very real concern for companies of all sizes, in all sectors. A breach of security presents a serious danger to a company's reputation and even its future viability, not to mention potentially jeopardising the precious data of customers.
Changes in accounting guidance are rarely a hot topic within the local businesses community, but the implementation of a new, single accounting standard (FRS102) to replace existing UK GAAP (Generally Accepted Accounting Practice in the UK), is proving to be an...
The expansion of the professional services sector in Northern Ireland in recent years has been exceptional. Belfast is becoming a recognised global hub for legal services in particular and as our economy gets back to sustainable growth, the local professional services sector will increasingly be required to help businesses operating here and beyond our shores.
There are three common qualities that I have noticed in all leaders that, in my view, make them great. Great leaders want to change the world: A great leader is someone who desires to do something greater than just improve the bottom line.
Billed as a way to boost the income of low paid workers, there are questions over whether or not the new Living Wage rate will in fact jeopardise Northern Ireland's fragile job market.
The well-known radio and television series Room 101 has been on our screens since 1992. In the show, celebrities are invited to discuss their pet hates and persuade the host to consign them to oblivion in Room 101.
If you want to file your 2014/15 Tax Return on paper you have until 31 October to get it in to an HMRC office.
Every week, we ask a businessperson to tell us all about their personal finances. Barbara Hughes, of Hughes Craft Distillery, Lisburn, admits she's mostly a spender, but believes debt is best avoided and likes to save too.
If you have vulnerable relatives, friends and neighbours, talk to them this summer about the risk of being scammed.
With the school holidays only days away, many parents are already worrying about how they will keep their kids entertained for eight weeks and, more to the point, how they will afford it.
If you are looking forward to a well-earned summer holiday this year, setting aside some time to plan your holiday money will be beneficial in the long run. Making sure you get the best exchange rates, ensuring that you have a back-up plan in case you overspend, and protecting...
Barclays was among six banks whose traders colluded under chatroom nicknames such as "The Cartel" to rig foreign exchange rates that were fined 5.7 billion US dollars (£3.7 billion) for their part in the scandal.
There's no better time to take advice on how to become more tech-savvy.
Are people still falling for these?
Christmas dinner with all the trimmings is set to be cheaper than expected this year after food prices recorded a fall for the first time since 2006.
There was an income tax boost for workers in last week's Autumn Statement, although pressure groups warn that it will do little for the hard-up.
One in three of us will pay for Christmas on credit. Why do so many of us struggle? Well, the average cost of Christmas per person is expected to be £508 this year.
Inflation climbed to 1.3% last month, putting millions of savers at risk of losing money in real terms on their nest egg.