Page 17 - BOSS Today Issue 39

FOUR HIGH-IMPACT

COST SAVING SERVICES

There is never a bad time to start making savings for your business. So we’ve
picked out our top four high-impact cost saving services that have the potential to
make a considerable difference to your business.

Big Saving #1 – R&D Tax Credits Big Saving #2 – GDPR Gap Big Saving #3 – Accident Big Saving #4 – Process
Too many of us write off R&D Tax Analysis Prevention Improvement
Credits because we don’t do our When the new General Data While this one is harder to quantify, Last but not least, tightening up
jobs in lab coats. But even if you’ve Protection Regulations come getting your health and safety your processes is a sure-fire way
simply amended a production into effect in May, breaching right can save you a lot of money. to make significant savings in the
process or software, or have spent them could mean a business- Even if you haven’t contributed long run. With a choice of services,
money on achieving something busting fine. That’s why our GDPR to the £38.3million in HSE fines ranging from productivity
1
different a customer has asked Gap Analysis is number 2 on in 2015/16 for health and safety healthchecks to cost rate reviews,
for, you could be claiming money our list. While you might think offences, or if you’ve never had the hands-on approach our BPIF
back on your expenditures. Our spending £695 + VAT for a day to fork out the £129 per hour Specialists take with your staff will
expert partners Abbey Tax do all of our time isn’t quite your idea fee for the HSE to put right any ensure everyone’s on board, so
the hard work for you. With one of saving money, you’ll find it procedures you are in breach of, it you’re working together to adopt
free phone call, they’ll work out really does pay to spend a little pays to get your policies right. a more efficient, satisfying and
whether you’re likely to qualify, now to potentially save a lot in Whether it’s saving yourself money-saving environment.
and only if they’re sure that you the long-term. As well as helping the financial loss that comes Our Materials Waste Reduction
do will they pay you a visit and you to set clear goals and walk with absenteeism thanks to a Programme has helped members
apply on your behalf. They will ask you through what you need to work-related injury, or adopting save up to 5% of spend on
you for the paperwork behind the do to comply, our expert support more efficient health and safety materials. Others have gained
expenditures, but if you’re keeping will save you time you could be procedures to help your business 20% improvements in on-time
your finances in order there’s spending advancing your business run more smoothly, our ample delivery performances.
nothing to worry about. and making money, rather than free resources give you every Chris Selby, BPIF Sales and
Steve Walker, BPIF Commercial getting bogged down in trying to opportunity to keep your cash Specialist Services Director,
Products Manager, comments, “For do all the research yourself. firmly in your company’s pocket. says, “The initial investment is
every company they’ve visited, our Chris Selby, BPIF Sales and From free downloadable far outweighed by the long-
partners have gained a successful Specialist Services Director, says, documents and guidance, to term impact that more efficient
rebate. Members have received “With fines of up to €20million ‘Toolbox Talks’ and posters that processes will have on your
anything from £4,000 to £54,000 or 4% of your annual turnover help you adopt a proactive company’s purse. And with our
in credits, so it’s well worth for non-compliance, the GAP attitude among your staff, accident experts versed in world-class
considering.” analysis is an efficient and cost prevention is another of our big manufacturing standards, BPIF
effective way to ensure you’ve savings. Process Improvement is worth it
got everything in place for when BPIF Head of Health, Safety and for any size of company.”
the regulations come into effect. Environment, Mandy Robson, says,
Instead of looking over your “As well as preventing the obvious n FOR MORE INFORMATION
shoulder to see whether you’ve costs which come with accidents at ON ANY OF THESE
done enough, you’ll be able to work, having a reputation for good SERVICES, VISIT WWW.
keep running your business with health and safety improves your BOSSFEDERATION.COM OR
CONTACT YOUR REGIONAL
confidence.” business profile with customers, OFFICE.
suppliers and potential staff –
which all helps to bump up your 1 http://www.hse.gov.uk/
bottom line.” statistics/enforcement.htm

April/May 2018 | BOSS TODAY 17