RUNNING EFFECTIVE VIRTUAL MEETINGS

Despite lockdown restrictions, many businesses have found ways to move their operations online, with all staff working remotely. This has given rise to an increased volume of virtual meetings on services such as Skype, Zoom, Microsoft Teams, WebEx or other popular online meeting services. This has resulted in a new challenge – how to have[…]

PERSONALISATION IN ACCOUNTANCY

Unlike a cosy tweed scarf, there is no one-size-fits-all when it comes to accounting. The ever-changing landscape of 2020 has left businesses revisiting their finances. At MMG Archbold, we create solutions that are unique to our clients and their individual needs. Whether it’s adding alloy wheels to your new car or an extra 5 GB[…]

PROTECTING YOUR BUSINESS AGAINST FRAUD

In these uncertain times, businesses are combatting an increased amount of fraud. Throughout recent months, there have been widespread reports of an uptick in fraudulent websites, charity scams and fake emails purporting to be from banks. This increase in fraudulent activity is being driven by opportunists who are attempting to take advantage of the confusion[…]

MAKING TAX DIGITAL DURING COVID-19

Three things that have made lockdown manageable: my daily walk, many chocolate biscuits, and the cloud. No, not the cloud I watch float by my window as I daydream about my next getaway, but cloud accounting. It’s tough to comprehend what the past few months would have consisted of if the movement towards making tax[…]

LEADING A REMOTE TEAM DURING UNCERTAIN TIMES

The uncertainty faced by businesses around the world will test even the greatest managers and leaders. There are some key steps that you can take to ensure your team feel supported, engaged, and ready to tackle what comes next. Communicate and then communicate some more Uncertainty produces anxiety throughout your team, other employees, your firm’s[…]

DIGITAL ACCOUNTING UPDATES

HMRC PASSWORD UPDATES HMRC will be changing its password rules this month, we recommend that use the HMRC password reset service to create a new password. You should then use your new password to access HMRC’s services from FreeAgent/QBO/Xero. If you choose not to reset your password, you may not be able to access HMRC[…]

KEEPING PROJECTS ON TRACK

How to keep a big project on track when you are managing conflicting priorities. At the beginning, managing a big project can be exciting and everyone wants to get involved. However, as time goes by, other priorities can prove distracting. Maintaining focus is key to successfully delivering any big project. Involve your key stakeholders Every[…]

INNOVATION IS KEY TO A RESILIENT BUSINESS

The word innovation can conjure up images of disruptive developments such as online streaming services or companies such as Uber. Fortunately, innovation doesn’t have to happen on a grand scale to make an impact in your business.   Driving innovation in any business begins with creating and encouraging an innovative and forward-thinking culture to allow[…]

FAST FOLLOWER ‘Vs’ FIRST MOVER ADVANTAGE

Most of us are familiar with the term “first mover advantage” but sometimes the “fast follower” is the winner.   A Fast Follower is a company that quickly imitates the innovations of its competitors by collecting research and data. By figuring out the innovations that seem to have the greatest potential, companies can weed out[…]

REDUCE DEBT. IMPROVE CASH FLOW

Cash flow is king in any business. Yet cash flow is one of the areas that many businesses struggle to manage.   Customers are reluctant to part with their money, even if it’s to pay for your goods or services. As such, it can take a while for them to pay their invoices.   While[…]