Talk Business

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Specialists in Accountancy, Payroll, Business Support and Marketing Accountancy The most competitive rates in the market UK based customer service & support Business Support Payroll Full support in acquiring Merchant accounts Security & fraud checking included Level 1 PCI:DSS compliant & 3D secure All card types & global currencies accepted Call us today on 0845 00 99 575 or visit cardstream.com We at Sonai... Here at Sonai we provide a complete intergrated business support solution, which aligns traditional accountancy and payroll services with business support and marketing. With over 30 years experience working within the business world, we understand how vitally important accountancy, payroll, business support and marketing are to the success of a business. We work with businesses of all sizes across a variety of industries. Business startups... We can help you every step of the way throughout your business journey; from advice on which business structure to follow, to business planning and business registrations. Marketing Then once you’re up and running we can provide accounting and bookkeeping services to keep on top of your finances and create a marketing strategy to ensure your target audience knows exactly who and where you are so you can turn them into your customers. CONTACT: 0800 270 7519 info@sonai.co.uk www.sonai.co.uk
BRIBERY TALK MONEY Free holiday? Think again Take Alan and Mike, they regularly dine, take in a show or watch a sporting event together. Their small companies do business with each other and take it in turns to pay for them to have a night out and talk shop. Recently, over their main course, talk turned to a large contract Alan’s company was putting out to tender. Mike mentioned that he could arrange a nice, all expenses paid holiday for Alan. Alan suddenly lost his appetite. The thought of a bribery prosecution left a bad taste in his mouth. The Bribery Act came into effect on 1 July 2011 and covers companies of all sizes that are based in, or have a “close connection’’ to, the UK, including those with any premises or staff here. Under the Act, such companies can be prosecuted in the UK for bribery that was carried out on their behalf anywhere in the world by staff, an intermediary, third party or trading partner acting on the company’s behalf. Bribery is classed as offering, promising or giving a financial or other advantage to someone so that they perform their function improperly. Section One of the Act makes it an offence to bribe another person, Section Two makes it an offence to request, agree to receive, or accept a bribe while prosecutions can also be brought for failure to prevent bribery (Section Seven) and for SME’s need thorough ongoing, and regularly monitored antibribery procedures, just like the biggest corporations bribing a foreign public official (Section Six). Many SMEs and some larger companies feared that hospitality, such as that usually enjoyed by Alan and Mike, would constitute a bribe under the Act. It does not. The Serious Fraud Office (SFO) emphasised that hospitality or promotional expenditure, which is “reasonable, proportionate and made in good faith’’ is part of doing business and is not intended to reward “improper performance’’. Which is why Mike and Alan’s get-togethers were fine, but Mike’s holiday offer overstepped the mark. Companies investigated under the Act have to be able to show that they had “adequate procedures” in place to identify the risks of bribery and to prevent it happening. If such procedures are not in place, companies can face prosecution under the Act, with punishments including unlimited fines and up to 10 years imprisonment. A senior figure within a company of any size who turns a blind eye to bribery will be prosecuted personally. Those that run SMEs may feel that their limited resources make it near impossible to develop and maintain such SMEs have just as much need of thorough, ongoing and regularly monitored anti-bribery procedures as the biggest corporations procedures. But even the smallest companies have to keep themselves fully informed of the bribery risk in the business sectors and locations where they trade, as well as among their staff, business associates and potential or existing trading partners. SMEs have just as much need of thorough, ongoing and regularly monitored anti-bribery procedures as the biggest corporations. Which is why a little expert legal advice is often necessary for SMEs looking to stay on the right side of the Act. Instilling an anti-bribery culture may seem an expense. But compared to the consequences of falling foul of the Act, it could well be an SME’s fundamental investment. Contact: rahmanravelli.co.uk talkbusinessmagazine.co.uk 51
Page 1: W W W . T A L K B U S I N E S S M A
Page 6: This morning, Tim viewed the latest
Page 10 and 11: Choose eZe-talk for Award Winning T
Page 12 and 13: Contributors & LETTERS Our regulars
Page 14 and 15: NEWS & EVENTS Dates for the diary B
Page 16 and 17: Bikeworldtravel / Shutterstock.com
Page 18 and 19: TALK SUCCESS FACE ON THE COVER Vita
Page 20: TALK SUCCESS FACE ON THE COVER of t
Page 24 and 25: The technology many businesses don
Page 26 and 27: TALK SUCCESS EVENT PREVIEW round ta
Page 28 and 29: SPONSORED ARTICLE
Page 30 and 31: Lord Sugar’s first apprentice Daw
Page 32 and 33: TALK SUCCESS TAKE ONE COMPANY Scent
Page 35 and 36: UP-AND-COMING TALK SUCCESS Introduc
Page 37: BOOK REVIEWS TALK SUCCESS The Littl
Page 40 and 41: Why are you still doing your own Pa
Page 42 and 43: K P S ...
Page 44: TALK MONEY SETTING UP SHOP In a new
Page 47 and 48: START-UP LOANS TALK MONEY A day in
Page 49: CAREFUL CONTRACTS TALK MONEY Before
Page 54 and 55: TALK STRATEGY APPRENTICESHIPS AND I
Page 56 and 57: TALK STRATEGY APPRENTICESHIPS AND I
Page 58 and 59: Thames Valley Expo Alec Jones-Hall,
Page 60 and 61: Available in the UK, the USA and So
Page 62 and 63: Help is out there Talk Business spo
Page 64: exact abacus software digital fulfi
Page 67 and 68: ADAM CAPLAN TALK STRATEGY Great cus
Page 69 and 70: INTERNATIONAL PAYROLL Our Internati
Page 71 and 72: ADVICE TALK STRATEGY The Sales Doct
Page 73 and 74: APPRENTICESHIP SCHEME TALK STRATEGY
Page 75 and 76: Give to receive mARKETING Christmas
Page 77 and 78: SOCIAL MEDIA TALK MARKETING The dea
Page 79 and 80: TEN STEPS OF TWITTER TALK MARKETING
Page 81 and 82: SMS TALK MARKETING Do texts work in
Page 83 and 84: Creating Business Fusion The Sterli
Page 85 and 86: OLYMPIA LONDON 28 & 29 NOVEMBER THE
Page 87 and 88: The Employability Academy PEOPLE MY
Page 89 and 90: enhancing those with low key and be
Page 91 and 92: Q&A TALK PEOPLE The daily grind Mik
Page 93 and 94: HR INSIGHT TALK PEOPLE RECRUIT RIGH
Page 95 and 96: EVENTS TALK PEOPLE eCommerce Expo 2
Page 97 and 98: IMAGE Gee, thanks Everyone has hear
Page 99 and 100: -w FASHION TALK IMAGE Skeleton lady
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Want to run your own letting agency
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LOCATIONS TALK IMAGE food, and the
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CHRISTMAS CORPORATE GIFTING TALK IM
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The news that Twitter is to float o
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REMOTE WORKING TALK TECHNOLOGY Digi
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PHONE VS. EMAIL TALK TECHNOLOGY Pic
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The social media Social media - it
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SPONSORED ARTICLE HR OUTSOURCING Wh
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SPONSORED ARTICLE The Changing Face
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TALK TECHNOLOGY GADGETS TB CHOICE S
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Buy a property franchise with Why b
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FROM Y-FRONTS TO YVES SAINT LAURENT
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SPOTLIGHT TALK FRANCHISE Under the
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THE FRAN MAN TALK FRANCHISE a deliv
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TALK ADVICE MIDAS MEDIA Utilising o
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TALK ADVICE SIMPLIFY THE LAW Give u
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Strategic support Aisha Ejaz, manag
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Smart print The Kyocera team give u
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DIRECTORY NOVEMBER 2013 Your HR Par
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TALK SUCCESS AND FINALLY... He said
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