Blogs
UNLOCK MORE OPPORTUNITIES WITH CONTRACT PLACEMENTS
For many recruitment agencies, the journey starts with making permanent placements. They offer a relatively quick return, helping to build early cash flow and momentum. Some agencies even choose to specialise purely in permanent hires, often driven by consultant experience, cost, risk management, or client preference. However, focusing solely on permanent recruitment can mean missing…
Read MorePAY-AND-BILL COMPANIES… WHAT YOU SHOULD BE ASKING
Pay-and-bill companies are a resource that recruitment agencies can use to provide funding and administrative support for temporary and contract placements. These facilities typically handle timesheet processing, client invoicing, and funding candidate payments (via PAYE, umbrella, or limited companies). They then pay the agency’s profit, minus their charges often as soon as the timesheet is…
Read MoreCUT COST AND GAIN ACCURACY – THE POWER OF OUTSOURCING YOUR BOOKKEEPING
Bookkeeping is a fundamental part of any business’s financial health, but for many recruitment business owners, it can become a distraction that takes time away from generating revenue. Bookkeeping involves far more than simply recording money in and out. It includes administrative tasks such as managing receipts, raising sales invoices, tracking mileage, and reconciling accounts…
Read MoreBUSINESS EXPENSES – WHAT CANNOT BE CLAIMED
As a recruitment agency owner, there are many expenses incurred in running your company that may be allowable by HMRC, provided they meet the definition of being “wholly, exclusively, and necessarily incurred” for business purposes. These allowable expenses can be offset against profits, reducing the company’s Corporation Tax liability. However, there are common misconceptions around…
Read MoreEXPENSIVE MISTAKES TO AVOID IN YOUR RECRUITMENT AGENCY
Starting your own recruitment agency is a very exciting step and can be highly profitable. However, it also comes with its own risks.While the opportunity to build something independently is appealing, many new business directors fall into common traps that can hinder growth or even threaten the business altogether. Here are ten of the most…
Read MoreHOW TO ENSURE YOUR INVOICE FINANCE ALWAYS PROVIDES MAXIMUM FUNDING
For recruitment agencies supplying temporary or contract staff, invoice finance is often the lifeblood of the business. It enables agencies to pay workers weekly or monthly, before receiving payment from clients. While most invoice finance providers offer funding of around 85–90% of the value of approved invoices, this level of funding is only maintained if…
Read MoreIF 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…
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