logo

Tag

SMEs

One in Five Renters Finding It Difficult to Meet Their Housing Costs

A Government report released in April shows a stark picture of how households are coping with their housing costs and savings in the pandemic. The problems apply to both the home-owning and rental sectors, but renters seem to have been hardest hit. The Second Wave Household Resilience Study After more than a year of the pandemic, the Government has published a study of how households are holding up in the wake of the
Read More

Payment Holidays — Do You Understand the Implications?

The financial effects of the pandemic have been severe on many of us, whether we’re acting as companies, landlords or individuals. One lifeline has been the ability to take “payment holidays” in the repayment of mortgages, loans or debts. This has been invaluable — but is it really the straightforward benefit it seems? Recent research by Resolver suggests it may not be. Payment Holidays Early in the
Read More

Supreme Court Ruling Offers a Lifeline to Small Businesses

Are you one of the many SME owners who have been forced to close your business, wholly or partially, during the Covid-19 lockdown? If you have Business Interruption insurance that covered closure due to disease, you may have been one of the policyholders refused payment by your insurer. However, there’s good news. A ruling by the Supreme Court on the 15th January has established that in most cases closures due
Read More

What’s the Process for Liquidation of a Company?

It’s a sad reality that in the coming months, as government support schemes for businesses wind down, we are likely to see a high number of companies going into liquidation. On occasion, this can be a planned, natural end to a business, but most often it’s forced on the directors by economic reality. So what exactly does liquidation involve? Solvent Liquidation There are sometimes reasons for winding up a
Read More

LEGAL REQUIREMENTS FOR COMPANY LETTERHEADS AND EMAIL FOOTERS

Did you know that your business email footer must contain specific pieces of information by law? The Companies Act (UK letterhead legal requirements) states that all business must display the following business details on their letterheads. The name of their business The part of the country that the business is registered The registered company number The address of the registered office Furthermore – if you’re a par
Read More

Terms & Conditions — You Have Them But Do You Apply Them?

Let’s face it, none of us read the terms and conditions for the goods and services we buy. In fact, the Telegraph suggests that it would take most of us fifty years to read them all. So, does that mean you don’t have to read the Ts & Cs in the contracts you issue, either? Absolutely not. And, more to the point, it’s essential to apply them. What Are Your Terms & Conditions For? Your Ts & Cs don’t have to
Read More

Keep Safe from Cyber-Crime

Early this month, BA issued an apologetic warning that their booking website had been hacked. Describing the incident as a “sophisticated, malicious criminal attack”, they admitted that customers’ credit card details had been stolen — including the CVV codes, suggesting an interception rather than harvesting data. BA is just the latest in a long list of major organisations that have suffered recent
Read More

Summer’s here with a vengeance!

Depending on your circumstances you’re probably either enjoying yourself lying in the sun or suffering on an overheated, overcrowded Tube train. Because, there’s good and bad in most circumstances, even being owed money. The bad is obvious. The good is that you have the chance of ending up with more than you have now, but that means you have to go after it. Feel free to get in touch with SJ Collections if
Read More

What Do You Need in an Application for Credit?

If you’re applying for credit, it’s important to make it easy for the person looking at your application. They’re only human, and if you catch them on a hard day with an application that’s difficult to follow, they may simply decide to reject it, rather than try to make sense of what you’ve sent. All About Your Business Whether your business is a company or a sole trader, remember to giv
Read More

Winter had a sting in the tail, but did your business get through it unscathed?

The end of the tax year is in sight, and it’s a time when many businesses suddenly find unpaid invoices making a hole in their profits. Hopefully you’re on top of your finances, but do get in touch with SJ Collections if you need any help chasing up debts. 2018 seems to be throwing up more challenges than usual for SMEs, from the government’s overhaul of the Corporate Governance Code to an unprecedented level of cybe
Read More