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Should you open the books to employees?
At Aequitas we can advise business owners in the Pinner area on many of the issues you face. Here are some of the possible advantages of opening the books to your staff...
Opening the books to employees is a strategy that has been tried to varying degrees by business owners over the years, and has often proved to be successful in motivating the workforce and improving performance.
Those who have taken this route report a number of benefits:
Not every owner would want to go so far as to reveal everything to the staff, but it might be worth considering at least a little more transparency for your business.
For the strategy to succeed you will need to develop a system of reporting that provides your employees with timely financial information in a form they can work with. We would be happy to help you.
If you are in the Pinner area and are looking for support and advice from a team of professional accountants and business advisers, contact Aequitas.
23 Feb 2024
HMRC recently published guidance on the Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requirements for sole traders and landlords.
22 Feb 2024
Research carried out by the London School of Economics has revealed that less than 3% of adults in the UK paid capital gains tax (CGT) over the last decade to 2020.
21 Feb 2024
The number of civil investigations into alleged tax fraud has fallen by more than a half, data has shown.
20 Feb 2024
The British Chambers of Commerce (BCC) has urged Chancellor Jeremy Hunt to use the Spring Budget to outline a 'sustainable growth plan'.
19 Feb 2024
The Association of Accounting Technicians (AAT) has outlined its wishlist for the upcoming Spring Budget on 6 March.
16 Feb 2024
HMRC is warning people to be wary of bogus tax refund offers following the self assessment deadline on 31 January.
15 Feb 2024
The UK economy fell into recession during the final three months of last year, according to the Office for National Statistics (ONS).
14 Feb 2024
UK inflation remained unchanged in January at 4% as food prices fell, according to the latest data from the Office for National Statistics (ONS).
If you feel our services and expertise could support your business or for individuals, please call us today to book a FREE consultation.
Aequitas Accountants Ltd,
Elthorne Gate, 64 High Street, Pinner, Middlesex HA5 5QA
Please get in touch...