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According to data collected by Intrum Justitia Europe’s average contract terms are 31 days, but in the UK are 25 days. Despite the 2013 introduction of the Late Payment Directive, a piece of EU-wide legislation designed to standardise payment terms across the continent, the credit control map of Europe is a diverse one.
Wage bills are now so extortionate that they drive most football clubs into the red year after year. For 2011/12 only 8 of the 20 Premier League clubs turned a profit and the worst financial performer, Manchester City, lost £99 million.
With the Agency Workers Regulations now in force in the UK, Scotland and Wales, we thought now might be a good time to add our thoughts to the cacophony of commentary currently filling the online space.
Despite our continued expansion, Crunch still has a core of IT, web and digital professionals that make up the majority of our clients. One such client is Sarah McLaughlin, a graphic designer from Crunch's native Brighton.
It's that time of year again, office Christmas party season! Love them or hate them, the office Christmas party has become a staple of the corporate calendar - and this time of year our accountants field questions left and right on what can be claimed tax-free for a Christmas party.
We have a system update going live tonight that will bring two not particularly romantic but very useful additions to Crunch. Here's a quick rundown of what will be waiting for you tomorrow morning.
Online Contractor Accounting by expert accountants only £59.50 per month. Ridiculously easy accounting for contractors. Try the free Crunch demo today!