Top Line minus Middle Line equals Bottom Line. In simplistic terms this is the equation for Profit. Top Line is the exciting stuff: new sales. Everyone loves a new sale. The risk arises when people focus on new sales alone. Of course, if you don’t get sales there is no business. Driving up turnover is […]
They said they would do this. Now they have. This week they have written to all firms caprtured by the 2017 Money Laundering Regulations requiring the COLP to sign a declaration confirming that your practice has a firm-wide money laundering risk assessment in place. The deadline for responding is 31 January 2020. Firms outside the […]
There seems to be a constant stream of compliance requirements that a busy practice owner or compliance officer needs to keep up with. That ontop of trying to win work, do the work, manage staff and spin all the other plates required! We recognise that and want to offer help. We have therefore developed a […]
Flagship Homes are a leading Housing Association providing accommodation across the East of England. Flagship own and manage about 22,000 homes. Over the last few years James McCulloch has been building an in-house legal team which handles property, commercial and civil litigation (mainly debt collection) work. The existing team of Anti-Social Behaviour Officers also joined […]
On 29th October 2019 the LS Gazette reported that the SRA has given notice that it would over the coming weeks contacting thousands of firms to ask what measures they have in place to combat money laundering. 7,000 firms fall within the regulated sector. On an earlier investigation, it found the majority of firms (64%) […]
Please note it will be compulsory to display this from 25th November 2019. The idea is that this allows clients to validate the firm. Here is a link to the article on the SRA website where you can read about this in more detail and obtain the SRA badge. https://www.sra.org.uk/solicitors/resources/transparency/clickable-logo/ Here is a link to […]
Here is the text from Miscrosoft "As announced previously, Windows 7 will be out of support after January 14, 2020. Because Office 365 is governed by the Modern Lifecycle Policy, customers are required to stay current as per the servicing and system requirements for the product or service. This includes using Office 365 ProPlus on […]
A friend told me a story recently which caused me to reflect on this. Her husband is a tax expert and recently joined one of the top accounting firms in the country. His field is very specialised and so he was used to working in a team of 1. Several weeks into his employment with […]
Income less Expenditure = Profit. So, you have 2 options: increase income or cut expenditure. Increasing income is always more fun and what people often focus on. Indeed, people will often look at turnover (another way of referring to income in this scenario) or ‘billing’ as the primary Key Performance Indicator (KPI). Whilst it might […]
The Debt Collection Protocol came into force last October and adds to the suite of protocols setting out how disputing parties should conduct themselves in the period leading up to the issue of court proceedings. To me, what it sets out seems to be common sense. The claimant should explain clearly what they say is […]
