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Protect Your Business from Slip and Fall Accidents in 3 Easy Steps

Small businesses can be the subject of costly personal injury lawsuits. You’ll want to obtain liability insurance immediately if you have a small business where customers come to a physical location. Premises liability is a doctrine that all business unders are subject to.

The doctrine finds that a business owner can be held liable in a slip and fall accident on the business’s premises.

Slip and fall warning

Business owners have a “duty of care” to make sure the property is safe for employees and customers. You must do everything within reason to make the property safe. Negligence on part of the owner must be shown.…

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Tax Tips for Overseas Companies Operating in The U.S.

The US has one of the most complex tax systems in the world, with local, state, and federal-level obligations creating significant challenges for overseas companies. Making sense of the administrative process, navigating it, and mitigating the risks involved is a huge task in itself, and pitfalls can be difficult to foresee and hurdle even if you conduct due diligence.

While tax is often confusing, it’s incredibly important in today’s business environment to have a mastery of the processes involved. Here are some tips for getting to grips with tax in the US.

Understanding state and local tax

Foreign enterprises operating in the US often fail to recognize the wide-reaching nature of taxing powers as business activity can trigger state-level and federal taxes, which they may not have much experience with.…

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Does Business Location Still Matter?

Today, location plays less of a role in the success of a business than it used to. New technology offers flexibility that can give businesses a better degree of competitiveness and facilitate collaboration on a global scale. That’s great news for startups and small businesses who are increasingly being priced out of prime London city-centre locations.

London City offices

But while office location no longer matters so much to your workforce, it does to your clients. Though customers can be reached any time of day via email, text, video and voice, where you locate your business still matters considerably, and can determine whether you succeed or fail.…

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The Benefits of Customer Service Training

Customer service expert Shep Hyken wrote in one of his articles ‘Customer service is not a department. It is a philosophy’ and many professionals would wholeheartedly agree with this.

Customer service training

When you utilise good quality customer service throughout the entirety of an organisation– from the recent hires to the CEO – you can improve the way that every element of the operation impacts the customer. This includes not only the employees on the front line, but also those working behind the scenes.

Customer service training makes the difference

As an example of the difference customer service training can make to unlikely roles in an organisation, imagine an employee behind the scenes in a logistics company.…

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Why Your Business Needs Financial Transcription

In today’s volatile financial markets, the importance of financial transcription cannot be overstated. Every organisation or business enterprise deals with vast amounts of financial data on an almost daily basis and proper documentation is essential to keep track of these ever-fluctuating businesses. One false move can trigger a chain reaction that can have devastating consequences for your business.

Transcriptionist doing financial transcription

With that in mind, here’s why your business needs financial transcription.

What is financial transcription?

Transcription is the process of converting spoken words into written documentation. It usually involves taking an audio recording of a conversation, or dictating something to a financial transcriber out loud.…

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How Does Your Business Measure Up for Credit Facilities?

There are many ways that banks and financial institutions evaluate a business in terms of its creditworthiness. For example, one of the most important measures is cash flow.

Credit facilities

A business with a strong cash flow typically scores better in the creditworthiness department than one which is cash-strapped. Lenders will always look to the cash flows to see whether the business will be able to cover the interest repayments on the loans and maintain profitable operations simultaneously.

Of course, management needs to keep an eye on all aspects of the business.

Effective leadership at top management, middle management and lower management levels will also be considered when evaluating the performance of a business for credit facilities.…

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5 Ways to Improve Your Accounting Firm’s Bottom Line

The minute you start to become happy with the revenues in your accounting firm, you and, if applicable, your partners might as well refer to your business as a lifestyle, rather than a business intent on generating maximum profit.

Increasing accounting firms profits

The goal of any business should be to maximize revenues. Everything you do leading up to that point needs to be geared toward improving the bottom line – be it sales, customer service, administration, and so on. All tasks have the potential to help or harm revenues.

Here’s 5 ways you can start generating more profit in your accounting firm today:

1.

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SME VOICE: Making Tax Digital (MTD) – How Your Business Can Prepare

It’s official. By January 2018, the majority of individuals and businesses will be on a digital tax reporting system. This change was arguably inevitable as many other aspects of our surroundings make this digital switch, but it may create difficulties for those who are not prepared.

Make Tax Digital (MTD)

While there are those that denounce HMRC’s move as an invasion of privacy, most countries have had a digital option or requirement for filing taxes for quite a while. Even with the criticism that HMRC is struggling to get this all implemented, the change is definite. Their belief is that by 2020 paper tax forms will be virtually extinct.…

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Top Energy Boosting Foods for the Traveling Entrepreneur

As a traveling entrepreneur, you know just how difficult it can be to stick with a healthy diet. Along the same lines, you may find it a challenge to keep your energy level high.

Healthy eating businesswoman

Let’s face it: you need quite a bit of energy to grow your business. While sleep is important, you may not get nearly as much as you would like. As frustrating as this may be, it’s good to know that there are many energy boosting foods that can work in your favor.

It doesn’t matter if you’re traveling for the day or you’ll be away from home for a few weeks, here are a few energy boosting foods that you should add to your diet.…

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How Webinars can Create a Stronger Company Workforce

Corporate profits are an all-time high across the globe. This has effectively made the business landscape more competitive than ever before. The rise of social media, advertising platforms, analytics tools, and other digital technologies has created an aggressive and cutthroat environment. There is no shortage of competition.

Employee webinar

It is not enough to fill vital roles in any organization with mediocre candidates. To really compete these days, companies need to hire top-notch, dedicated talent. Employees need to be superstars in their roles so that they can effectively contribute to a company’s dominance within its niche.

Unfortunately, many companies still cling to outdated training procedures and educational methods like a scared relic from a forgotten time.…

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