In the extremely competitive globalised business world we live in, businesses need to be agile and resourceful in order to survive. Having up-to-date information to hand that they know is accurate is therefore essential to make the best possible business decisions quickly.
The American business magazine Forbes recently published an article, claiming that many companies have been revisiting their expenses policy during the global pandemic. In this blog we share our top ten tips for a successful expenses policy.
Each year, the Collins’ dictionary identifies the most popular words used across websites, books and newspapers and unsurprisingly, the global pandemic was dominating the choice in 2020. Coronavirus, social-distancing, keyworkers and furlough were included in this year’s shortlist, but today the word “lockdown” was announced as the word of the…Read more »
In times of uncertainty, it’s more important than ever for business owners to keep their companies in the best financial position. ExpenseIn’s sales manager Emma has shared her top tips to keep your business thriving during crisis.
The Coronavirus pandemic has forced a change in working life. The vast majority have had to quickly adopt remote working practices and embrace new technologies. But remote working is nothing new; the current global situation has merely sped up our adoption. Companies for a long time have seen the benefits…Read more »
The Government objective in introducing Making Tax Digital (MTD) is primarily to close the tax gap, whilst making it easier for individuals and businesses to get their tax right and keep on top of their affairs. HMRC believes that, through error or mistake, a considerable amount of tax is lost to…Read more »
When it comes to ensuring that businesses are complying with tax rules, HMRC take no prisoners. In 2015 alone, a crackdown on VAT rules earned the government an extra £468 million in tax (according to UHY Hacker Young). Unlike large organisations, many SMEs lack rules and processes, therefore the risk…Read more »
Keeping track of expenses and ensuring that they are submitted, reviewed and approved in a timely manner can be a tough job at the best of times; one thing that can make it even more difficult is when your company employs a large number of employees working remotely. Perhaps your…Read more »
Research shows that employees who regularly overclaim or underclaim on business expenses could be costing the UK economy around £1.6 billion each year. The 2017 study, which anonymously questioned 1,000 workers, revealed that 36% of employees who drive a company vehicle or who are entitled to claim back mileage allowance have…Read more »
For many businesses, the process of expense management for staff who are “out on the road” can be something of a nightmare. There is a natural tendency for people to maximise personal gain, and when this can be done at the expense of others, it’s a very tempting proposition. Constantly…Read more »