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Hot Business News Today

IT outsourcing guide – what is it, pros and cons and providers

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Originally written by Anna Jordan on Small Business
In a post COVID-19 world, businesses will be looking at ways to sustain revenue and growth – this could include outsourcing.
Businesses can outsource a number of functions: think accounting, marketing, customer service and HR. IT is one of the most common as it is a cheaper way to do technically difficult jobs which the business owner doesn’t have the expertise to do effectively.
We give you the lowdown on IT outsourcing, with the info you need to decide whether or not it’s right for you.
What is IT outsourcing?
Firstly, lets establish what outsourcing is.
With outsourcing, you move part of your operations away from the hub of the business to a third party. This can be:

Offshore (outsourcing to a foreign country with favourable tax savings and lower costs)
Nearshore (outsourcing to a bordering country for easier communication)
Onshore (outsourcing within the company’s base country)
Cloud computing (the third party would provide IT-related services over the net such as software as a service or platform as a service)
Managed services (such as call centres, virtual private networks and firewalls)

In this case you’d be moving your IT off-site, allowing your company to grow without major risk or investment. Plus, you may not

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Hot Business News Today

Landlords blocked from evicting small businesses for another three months

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Originally written by Timothy Adler on Small Business
The Government has blocked commercial landlords from evicting small businesses from shops and other premises for another three months until end-September.
The U-turn will come as a huge relief for small businesses struggling to pay rent as businesses reopen post lockdown to uncertain, if non-existent, demand.
Up until yesterday, the draft voluntary code of practice being circulated made no mention of extending the original three-month moratorium on landlords repossessing premises and evicting tenants for non-payment of rent due to Covid-19.
>See also: How to ask for a commercial rent freeze from your landlord

The Government will amend the Coronavirus Act to extend the moratorium on evictions from June 30 to September 30, meaning no business will be forced out of their premises if they a miss a payment in the next three months.
Secondary legislation will prevent landlords using Commercial Rent Arrears Recovery unless they are owed 189 days of unpaid rent
The Corporate Insolvency and Governance Bill will be amended, extending the temporary ban on the use of statutory demands and winding-up petitions where a company cannot pay its bills due to coronavirus until September 30

However, the draft code of practice encourages tenants to continue to pay their

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