What is it? GDPR – General Data Protection Regulation – is an EU regulation that applies automatically to all UK businesses and those companies must be GDPR-compliant by 25th May 2018. And, no, Brexit won’t stop their implementation. The drivers behind setting up a more robust data protection environment are found in the increasing misuse of […]
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Well, what an intriguing last few days we have had! On Friday, 9th June, a hung parliament was confirmed; the British people had spoken and had given Prime Minister Theresa May a resounding raspberry. And despite her gamble backfiring – in no small part to a woefully run and poorly advised campaign – she blundered […]
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It is tough to predict and anticipate currency fluctuations at the best of times, but the events of 2017 so far have arguably rendered attempts even more difficult. Indeed, at the start of the year, Donald Trump was inaugurated as the 45th President of the United States of America, Marine Le Pen got to the […]
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Tectona was asked by The Business Magazine to take part in one of their insightful sessions called “Taking the Temperature” focusing on key issues affecting small and medium size business. The Panel were asked to consider three issues – or Exam Questions: The chief concerns affecting us all Heathrow expansion Gender pay gap legislation Exam […]
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When it comes to running your business you need to ensure the financial side is efficient. Poorly managed finances can be disastrous to your financial safety and has often been the main cause of collapse of a business. Other than the main 2 specialist finance packages – Xero and Sage – there are a number […]
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Whatever stage of growth or maturity of your business you will at some point experience what we might call “pivotal moments”. Typically, signing a substantial new contract, taking on a new shareholder, opening a new facility – exciting and all potentially taking your business in a new direction. But one such moment which does not […]
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First, I do not do holidays! That said, I was fortunate enough to recently spend 2 weeks totally outside my comfort zone. Not in a business context – although there are a huge number of lessons to be learnt, I am sure – but on a “working” holiday with my brother in Indonesia. Now, this […]
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“What does an outstanding FD look like and do you need one?” All too often Finance Directors (FD or CFO), particularly in SME businesses, act more like “heavy” bookkeepers or management accountants rather than being a true member of the senior management team providing input to strategy and driving the business plan through in partnership […]
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In an earlier article we looked at alternative approaches for getting specialist director resource into your business rather than defaulting to the traditional approach of employing a full time director – we called this “The Tectona Way”. The traditional approach A full time specialist director is right for some businesses – those of a certain […]
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After too many years in the accounting profession, I’m hanging up my boots. No more statements on Transfer Pricing, no more pleas to our Institute to drown FRED 50, no more commentaries on the property market, the pensions industry, or the ludicrous valuations of loss-making web-based business. It’s been fun, this blogging lark. A platform […]
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