Insights, Information and Interest
Welcome to Our Insights
Welcome to our Recruitment Accountants Blog, your go-to resource for the latest insights, tips, and industry trends in the world of accounting recruitment.
Recruitment Accountants Insight
Our Featured Content
Understanding Holiday Pay Changes
From Our Team & Partners
Our Latest Posts
The UK Recession: How to protect the future of your business
On Tuesday September 1, we hosted a webinar looking at what the future of the economy holds, what to expect in the upcoming months and how you can protect your business. Our panellists included Recruitment Accountants Partner Marie Pegram, TC Group Audit Partner and Corporate Finance expert James Price and Harry Hellyer, Director of Equip
Recruitment Accountants & Float – the perfect cash flow forecasting solution
We are excited to announce that Recruitment Accountants have partnered with Float to offer a real-time cash flow forecasting solution. Say goodbye to the complicated cash flow spreadsheet! Float is an award-winning cash flow forecasting software that integrates with Xero, Quickbooks and Free Agent to provide a real-time, visual view of your cash flow. Your accounts, transactions,
The latest IR35 update: Key Information Document regulations
With off-payroll reform dominating the headlines, you may not be aware of the new Key Information Document (KID) regulations that are also coming into effect on 6 April 2020. All recruitment businesses must provide temporary workers a KID before agreeing terms. This regulation does not apply to temporary workers with existing terms with your recruitment
Drive Value in your Business
Where’s the real value? Recruitment Accountant’s Partner and Recruitment Industry Sector Specialist; Marie Pegram, was asked to present with Inspire Recruitment at the Recruitment Agency Expo 2019. The task was to Inspire in 5 – in this short 5 minute presentation Marie takes you through a few steps on how to drive value in your
Staff Incentives – What are the tax implications?
Attracting and retaining top talent is harder than ever, especially with a new generation of head strong individuals who are not afraid to job hop and seek the work/life balance they desire. The complexities of what companies are offering by way of remuneration packages now goes way beyond monetary rewards. For example flexible working hours,
How to build a scalable back office
Have you ever hit that barrier when your business has been growing but suddenly your costs are too high, productivity is low and you’re not making any more profit despite employing more people? A significant contributing factor to this is an inefficient back office. Investing time and resources in establishing systems and processes from the
Is staff entertaining a regular cost for your business?
Under the current rules a company can spend £150 per employee, per year, on annual staff events, such as a Christmas party or summer barbecue, without the company or the employee suffering tax charges. Where the average spend exceeds £150 per person attending such events, HMRC will assess the attending employees as having received a benefit
Employee Incentives
What to Consider from a Tax Perspective Attracting, engaging and retaining people within your business is key especially when your staff are your most valuable asset. This has become quite a challenge for a lot of recruitment businesses, which is always a surprise considering that’s what they do day in day out for their clients.
The top 5 financial KPIs to keep track of your business
With only a few areas to focus on and the importance of an efficient cash cycle; keeping track of key financial metrics is essential to becoming a successful recruitment business. We’ve summarised our top five financial KPIs below that we discuss with our recruitment clients: 1. Profit contribution by consultant We all know that staff
Learning from AIM deals: Servoca
I always find it instructive to look at deals done in the sector by listed companies. This is because of the level of detail that is disclosed. An example of this is the deal announced by Servoca plc (listed on AIM) at the start of the month (1 July). They had an existing specialism in
Employee Engagement 101: Employer Value Proposition
The greatest challenge for all leaders is to attract, engage and retain outstanding team members who embrace and demonstrate the values and behaviours of their business. Developing long term relationships with clients happens almost effortlessly when truly great people are enthused, empowered and energised by the company culture. This leads to escalating levels of revenue
Employment Engagement 101: Bonus Schemes
Recruitment business owners often ask us about their options for putting in long term incentive schemes to retain and motivate key members of their team. The options are many and varied but in this blog series I will look at the usual suspects covering both cash based schemes and equity based schemes. Let’s start with
