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WHAT CAN I DO IF A CLIENT REFUSES TO PAY MY INVOICE?

Every recruiter loves to celebrate when a deal is signed and a candidate is due to start…

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HOW CAN AN AGENCY REDUCE CURRENCY LOSSES?

Overseas placements are becoming increasingly popular among recruitment agencies, thanks to higher profit margins and growing opportunities…

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WHO SHOULD AND SHOULDN’T START A RECRUITMENT AGENCY?

Over the years, MAYACHI has spoken with many individuals who have decided to start their own recruitment…

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6 ADVANTAGES OF OUTSOURCING YOUR BOOKKEEPING SERVICES

Bookkeeping is a core accounting function that involves recording a company’s financial transactions, such as bank payments…

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WHEN SHOULD YOU CONSIDER SWITCHING YOUR INVOICE FINANCE PROVIDER?

There are many different invoice finance providers in the UK that offer funding for contract and temporary…

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SHOULD I REGISTER MY RECRUITMENT AGENCY FOR VAT?

Over the past few months, MAYACHI has spoken with several startup recruitment agency directors who have questioned…

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Picture of a rocket with pound signs on to depict the costs of setting up a business or in this case a recruitment agency and designs showing ideas and workings on all the considerations that you need to be aware of.

FINANCIAL CONSIDERATIONS YOU NEED TO BE AWARE OF WHEN SETTING UP A RECRUITMENT AGENCY

The decision to start a new recruitment agency often brings a mix of feelings from apprehension to…

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Different people sitting on chairs waiting for an interview... to be appointed as an accountant

APPOINTING AN ACCOUNTANT – WHY IT SHOULD BE CONSIDERED A PRIORITY FOR A NEW AGENCY

When launching a new recruitment agency, there is a long checklist of tasks that directors must complete…

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Pictures of English banknotes, overlaid on top of each other with INVOICE FINANCE wording placed over the top

UNDERSTANDING INVOICE FINANCE TERMINOLOGY

Invoice finance is a common requirement for recruitment agencies engaged in contract and/or temporary placements. It bridges…

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Image of two piggy banks looking at each other so show what is the DIFFERENCE BETWEEN CASH ACCOUNTING AND ACCRUAL ACCOUNTING ON VAT?

WHAT IS THE DIFFERENCE BETWEEN CASH ACCOUNTING AND ACCRUAL ACCOUNTING ON VAT?

VAT (Value Added Tax) can be an enigma for new start-up recruitment agencies, as often they have…

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RECRUITMENT AGENCY START UP COSTS

One of the most common questions asked by recruiters looking to start their agency is: “How much…

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IS YOUR ACCOUNTANT RIGHT FOR YOUR RECRUITMENT AGENCY?

Over the past 15 months, MAYACHI has met with nearly 100 recruitment agencies to review their current…

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WHAT TO LOOK FOR ON AN INVOICE FINANCE QUOTE

Invoice finance is essential for recruitment agencies making contract and/or temporary placements, as it provides advance funding…

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INTERMEDIARY REPORTING – WHY ARE AGENCIES STILL NOT COMPLETING THIS?

On 6th April 2014, HMRC introduced the Employment Intermediaries Reporting requirements. This quarterly report must be completed…

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4 BENEFITS OF BACK OFFICE OUTSOURCING YOU DIDN’T THINK OF

Recruitment agency directors should stay laser-focused on what they do best—making placements and scaling their business. Tasks…

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