Remaining productive when you are traveling

In theory, when you travel with work, you should have time to focus on getting a few things done. In reality, it can be almost impossible to work in a busy airport or on a busy flight. Here are a few tips to help you to be more productive when you are on the road. Plan ahead There is nothing worse than starting a piece of work and realising that…  Read more

Creating a high-performance organisation

High-performance organisations stimulate more effective employee involvement and commitment in order to achieve increased profits, improved productivity and higher levels of customer loyalty. We are living in uncertain times. The highest performing businesses will, by their very nature, ride out the storm more effectively than their competitors. So how do you create a high-performance organisation? A truly high-performance business will deliver higher levels of productivity, customer satisfaction, sales and will…  Read more

Using Snapchat as a Marketing Tool

Snapchat is a popular video and image sharing app. It has become one of the most popular social media platforms but can it be used by businesses as a marketing tool? Originally, Snapchat allowed Android and iOS smart-phone users to send and receive images that could only be kept for a short time, once received. However, Snapchat has evolved and users can now use the ‘story’ function where your photos…  Read more

Funding is the Key to your Growth Plans

Sourcing the right funding for your business can be the first step in achieving your growth goals, or the helping hand you need when you’re in a cash flow hole. Cash is king when it comes to funding your growth plan. But with the funding market now bursting with a huge choice of traditional and alternative finance providers, knowing what type of finance to opt for, and from which provider,…  Read more

Six things to consider for online accounting software in your retail business

A lot of retailers are now using online accounting software for their businesses. There’s a good reason for that – it can make all the difference when it comes to managing your retail business. But you’ve got to make sure that you choose the software that’s right for you. Here’s a quick checklist of recommendations, to make sure you’ve got the right accounting software when it counts. Does the software…  Read more

Personal Service Company Changes From April 2020

In the Autumn Budget, the Chancellor announced that the “off-payroll” workers rules that currently apply in the public sector would be rolled out to the private sector in 2020. The government have now issued a consultation paper that sets out proposed tax and national insurance changes that will impact on those supplying their services through personal service companies. End users will be required to determine whether the rules apply to…  Read more

Disguised Remuneration Loan Charge Starts April 2019

This new charge will apply to certain loans to directors and employees that are still outstanding at 5 April 2019 and new arrangements put in place after that date. The charge affects arrangements involving loans made via Employee Benefit Trusts (EBTs) and similar disguised remuneration schemes adjudged by HMRC and the courts to be tax avoidance and liable to PAYE and National Insurance Contributions. There are new reporting and payment…  Read more

Self Employed Pensions

When you’re employed, your employer makes compulsory contributions to your pension via auto-enrolment (unless you opt-out). When you work for yourself as a sole trader, or you’re in a partnership, making pension payments isn’t mandatory. But, it’s still an important thing to consider. It is especially worrying that studies have found that 45% of self-employed workers between 35 and 55 have no pension. Retirement savings contributions are there to set…  Read more

Remote Working is On the Rise

Remote working has become more and more common as developments in technology have allowed us to communicate and collaborate no matter where we are. In fact, most of us are already logging on from home or holiday already. In May 2018, Swiss serviced office provider IWG released a study that found that 70% of professionals work remotely at least once a week. Sometimes called ‘telecommuting’, remote work is on the…  Read more

Invest in your People with a Wellness Programme

Your people are your business’s most important asset. As such, it is important to invest in their wellbeing. As global technology develops and demands on employees increase, it is not surprising that the terms ‘burnout’, ‘dissatisfaction’ and ‘distress’ are being increasingly reported across the developed business world. With increased absence, pressure is put on the rest of the team to meet deliverables, which can negatively impact team morale and increase…  Read more

Obvious Innovation

Innovation can be driven by taking an ‘obvious’ idea from one context and applying it in another The successful development and implementation of new, innovative ideas are crucial in business. Your innovation could focus on improving business processes, bringing new and improved products and services to market, increasing efficiency or, most importantly, improving profitability. Being innovative in business isn’t all about being the next Steve Jobs or inventing the light…  Read more

How to Overcome your Fear of Failure

One of the most common things holding people back from achieving their potential in business is the fear of failure. It is human nature to fear the unknown. When we push ourselves outside of our comfort zones, whether in business or in our personal lives, it is pretty normal to feel some degree of stress and anxiety. In business, many of us consider our work to be representative of who…  Read more

Setting your Business Goals for 2019

2018 has come and gone but your business must continue into 2019. Your year may start with your business plan for the year. Part of the planning process must include business goals which describe exactly where you wish to be/what you want to accomplish by a certain time. Goals can be for any part of the company or the company as a whole, ie. employees, customers etc. You should never…  Read more

Business Trends to Watch for – 2019

Here are some of the top Business Trends to watch in 2019. Marketing will continue to become more personalised Marketing is becoming increasingly personal, and this trend will keep going as we move into the new year. No longer will stock images, generic campaigns or impersonal calls to action convince consumers. In order to appeal to increasingly sophisticated customers, you’ll have to provide high-value, targeted and personalised content. Technology will…  Read more

Panalitix Best in Product and Service Offering

There are many highlights that we can take from 2018 but this will certainly be one of best ones. We were awarded the Panalitix Best Product and Service Offering award which recognised the work and effort we have put in to make our services the best possible for clients. The Panalitix Awards are a large scale event that accountants from around the globe enter and the Australian competition is always…  Read more

Dealing with “Imposter Syndrome”

“Imposter Syndrome” can be described as a pattern of thinking that leads people to lose confidence in themselves, in their accomplishments and in their ability to do their job. This results in individuals becoming stressed about being “discovered as a fraud” by their peers. Imposter syndrome can be a very destructive disorder if left unchecked. It can turn positive moments into negatives and put a dampener on an individual’s work…  Read more

Keeping Your business’s Mobile Devices Safe From Malware Attacks

Recent industry reports from cyber security businesses such as McAfee and Kaspersky Lab have identified that mobile malware attacks are becoming increasingly widespread and more sophisticated. Most business professionals use smartphones these days. These devices are basically small computers and can be infected with malware in a similar way to a PC – usually through malicious links or attachments sent via email. As people are now using smartphones to access…  Read more

Building a Sustainable Business

There is a trend towards businesses that seek to be more sustainable. These firms seek to have a minimal negative impact on the global and local environment, the economy, society and the communities in which they operate. Sustainable businesses are focused on the long term. They seek to make a positive impact through doing their bit about climate change, recycling, human rights, ethical supply chain management and so on. This…  Read more

Getting Customers to Pay you on Time

You’ve done the work. You’ve invoiced the customer 60 days ago. You are still waiting to get paid 30 days after payment was due. It’s time to chase for payment. It’s never easy chasing customers for payment. However, this is business and you are entitled to be paid for the work that you have done. Unless your business is a bank, you are not in the business of providing credit…  Read more

Getting your whole Business to make the most of social media

Most, if not all, of your team will have social media accounts. What if you could get all of your team to like and share your business’s social media posts? Twitter, LinkedIn, Facebook, Instagram and many more social media platforms are driving customer decisions. Messages and posts that come from friends and colleagues tend to be considered more trustworthy than something from a faceless corporate account. If your team members…  Read more

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