Monthly Archives: September 2021

Hot Business News Today

National Payroll Week: How HR professionals can adapt for the future

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By Dan Matthews on Small Business – Advice and Ideas for UK Small Businesses and SMEs
It’s National Payroll Week, a chance to celebrate the unsung heroes who ensure the workforce gets paid the correct amount, on time. Most employees only give thought to the processes behind their payslips when there’s a mistake, here’s a chance to show them there’s more to payroll than that.
It’s a particularly appropriate time, given the great return to work as organisations continue to adjust in light of the pandemic and the many changes taking place, not just in payroll departments, but across the HR function.
A brave new world of business
In smaller businesses, the pressures of workplace transformation will be particularly acute, according to Joanne Pringle, payroll product manager at Sage.
“As we return to the new normal, managers may struggle to pack everything into their working day with the many tasks required. We might be accustomed to change management, but there has been an awful lot of change in the last 18 months.
“As with any large changes but even more so in Payroll; you sometimes ask yourself have I got it right, have I understood and checked everything correctly? So it’s important to manage changes in

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Hot Business News Today

Liz Barclay answers your questions about late payment

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By Small Business Team on Small Business – Advice and Ideas for UK Small Businesses and SMEs

Join Small Business Commissioner Liz Barclay for our next Twitter Q&A this Thursday, September 9 between 4pm and 5pm GMT. Liz will answer your questions about poor payment practices affecting your business.

Former campaigning journalist and BBC broadcaster Liz Barclay a long history of campaigning for social justice when it comes to consumer rights and personal finance.

What can I do to speed up invoices being paid?What if it’s a large company who’s my sole customer?What steps can I take without going to court?How can the Small Business Commissioner help me and my firm?

Late payment putting British SMEs out of business

The Federation of Small Businesses estimates that 50,000 SMEs are forced out of business each year because of late paymentSmall business are currently chasing more than £50bn of late paymentsThe average UK SME is chasing five outstanding invoices at any one time, using up an astonishing 1.5 hours a day, with an average of £8,500 owedThe Government’s own figures are that £23.4bn is owed in outstanding invoices to UK businesses

To join in, just follow @smallbusinessuk and get involved by tweeting your question with the hashtag #AskSBCommissioner.

Remember,

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