Blogs
IF YOU’RE DOING YOUR OWN BOOKKEEPING, YOU MAY BE MAKING THESE MISTAKES…
Technology has played a major role in streamlining and improving the accounting industry over the past 30–40 years.Bank feeds, automated double entry, journal creation, and real-time reporting have made bookkeeping faster and more accurate than ever before. However, as accounting software has become more accessible, MAYACHI has seen a growing trend: some accountants reduce their…
Read MoreDON’T FEAR EMPLOYMENT RIGHTS CHANGES ARE SOON TO BE HERE
The first wave of reforms under the Employment Rights Act 2025 is fast approaching. These changes to UK employment law will have wide-ranging implications for both employers and workers. For growing recruitment businesses, this means two things: Here’s what’s happening and when: April 2026: The First Major Phase April 2026 will introduce a broad package…
Read MoreRECRUITMENT AGENCY FINANCIAL SUBMISSION DATES
As a recruitment agency owner, there are many financial deadlines that must be met to stay on the right side of HMRC and Companies House. Missing these deadlines can result in fines, penalties, interest, or even the company being struck off. Below is a summary of the key financial deadlines that recruitment agency owners need…
Read MoreLABOUR SPRING STATEMENT 2026 – WHAT DOES IT MEAN FOR RECRUITMENT?
The Spring Statement was presented today. Tuesday, 3rd March 2026, by the Labour chancellor Rachel Reeves. It was shorter than last year’s statement, but still covered a wide range of priorities The theme was a clear focus on stability and long-term investment. There were no surprise tax changes, no dramatic policy shifts, and no immediate…
Read MoreHOW TO ENSURE YOUR RECRUITMENT AGENCY IS VALUED AT ITS HIGHEST LEVEL
Every business owner dreams of selling their company for millions of pounds, clearing their debts, and retiring early. However, in reality, very few can achieve this. One of the main reasons is that owners become so absorbed in running the business day to day that they fail to plan for a future exit. When the…
Read More6 SIGNS YOU SHOULD CONSIDER OUTSOURCING YOUR RECRUITMENT BACK OFFICE
Outsourcing elements of a recruitment agency’s operations is nothing new. For many years, agencies have relied on external providers for IT, marketing, and HR services. However, when it comes to back-office and accounting functions, there is often a more hesitant attitude, with many business owners believing these tasks should remain in-house. While this can be…
Read MoreCREDIT CONTROL TIPS FOR NEW START-UP RECRUITMENT AGENCIES
Making a placement with a client is the lifeblood of a recruitment agency. However, until the client makes payment, the agency has not fully realised the profit generated by that placement. In many start-up agencies, early placements are handled by the business owner, often using a borrowed invoicing template and without a clear understanding of…
Read MoreTHE ADVANTAGE OF OUTSOURCING YOUR BACK OFFICE
Recruitment business owners need to focus on making placements and nurturing client and candidate relationships rather than wasting time on repetitive administrative tasks. Too often, we see recruiters struggling because they are reluctant to outsource, either out of a desire for control or to save a few pounds. While it may seem sensible to keep…
Read MoreDO PAY-AND-BILL SOLUTIONS REALLY SAVE YOU TIME AND MONEY?
Recruitment agencies placing temporary or contract candidates often face a common funding challenge: workers need to be paid before the client pays the agency. To meet this requirement, agencies can either use their own funds, which carries risk, use a pay-and-bill solution, or secure funding from banks or specialist funding companies in the form of…
Read MoreWHY NON-RECRUITERS THINK STARTING A RECRUITMENT AGENCY IS EASY… AND WHY THEY’RE WRONG
Every year, MAYACHI meets aspiring business owners eager to launch their first recruitment agency. Most of them are former recruiters, often top billers or managers ready to branch out on their own. They are familiar with the industry, its clients, and the challenges. Then there’s the minority: people with zero recruitment experience who are convinced…
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