UNDERSTANDING INVOICE FINANCE TERMINOLOGY
Invoice finance is a common requirement for recruitment agencies engaged in contract and/or temporary placements. It bridges…
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…
RECRUITMENT AGENCY START UP COSTS
One of the most common questions asked by recruiters looking to start their agency is: “How much…
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…
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…
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…
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…
LABOUR SPRING STATEMENT 2025 – WHAT DOES IT MEAN FOR RECRUITMENT
On Wednesday, 26th March 2025 at 12.37, the Chancellor, Rachel Reeves, commenced her Spring Statement. The Chancellor…
RECRUITMENT AGENCY EXPO – LONDON EXCEL – 18th-19th MARCH 2025
On Tuesday, 18th March 2025, the Recruitment Agency Expo kicked off at the Excel Centre in London…
I HAVE NO RECRUITMENT EXPERIENCE, SHOULD I START A RECRUITMENT AGENCY?
Every year, there are over 7,000+ new start-up recruitment agencies joining the growing number of companies within…
WHAT ARE CONCENTRATION LIMITS ON AN INVOICE FINANCE FACILITY?
When a recruitment agency requires funding through an invoice finance arrangement (often when making contracts or temporary…
BAD DEBT PROTECTION/CREDIT INSURANCE – WORTH PAYING OR WASTE OF MONEY?
Every recruitment agency hopes that when they make a placement, the invoices raised to the client will…
4 FACTORS TO CONSIDER WHEN LOOKING INTO INTERNATIONAL RECRUITMENT
International placements are one of the methods UK recruitment agencies are exploring in 2025 to grow their…
WHEN SHOULD YOU START YOUR OWN AGENCY INSTEAD OF WORKING FOR ONE?
Every person who looks to start their own recruitment agency has their own reasons to take that…
RECRUITERS, STOP FUNDING PERMANENT PLACEMENTS THROUGH INVOICE FINANCE
Invoice finance is a great way for a recruitment agency to receive cash into their bank account…