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.
Business advice
Check out our business advice and tips for SME’s and the self-employed and improve your business processes.
Corporate Expenses Policy Best Practice: 10 Tips
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.
How to submit and approve expenses stress-free during lockdown
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 »
Top tips for putting your business in a better finance position during COVID-19
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.
Remote working during the COVID crisis: How to ensure a smooth transition for your business processes
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 »
Making Tax Digital (MTD) for VAT
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 »
How can SMEs remain HMRC compliant?
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 for remote working employees
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 »
Wrongful expense claims cost UK economy billions each year
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 »
Engage your staff in self-controlling expenses
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 »
