{"id":21390,"date":"2025-11-13T16:05:09","date_gmt":"2025-11-13T16:05:09","guid":{"rendered":"https:\/\/www.moorethompson.co.uk\/partners-blog\/?p=21390"},"modified":"2025-11-13T16:05:16","modified_gmt":"2025-11-13T16:05:16","slug":"whether-your-business-is-set-to-boom-or-rest-the-time-has-come-to-prepare-for-the-festive-period","status":"publish","type":"post","link":"https:\/\/www.moorethompson.co.uk\/partners-blog\/whether-your-business-is-set-to-boom-or-rest-the-time-has-come-to-prepare-for-the-festive-period\/","title":{"rendered":"Whether your business is set to boom or rest, the time has come to prepare for the festive period"},"content":{"rendered":"<p><em>By Matt Storey, Partner <\/em><\/p>\n<p>December is a time when there seems to be no shortage of festivities as Christmas, Kwanza and Hanukkah all vie for the time and attention of clients, customers and businesses.<\/p>\n<p><!--more--><\/p>\n<p>During the festive period, it is rare for things to be business as usual with companies either seeing sharp upturns or downturns in engagement and revenue.<\/p>\n<p>Whichever one awaits you, the time has come to prepare so that you can still have a stable business waiting for you in the New Year.<\/p>\n<h3><strong>How can businesses prepare for a festive rush?<\/strong><\/h3>\n<p>If your business is set to experience more traffic over the festive period, then you should know how best to capitalise on it.<\/p>\n<p>You would not want an opportunity to pass you by because you forgot a crucial aspect of planning, as this can damage your prospects for growth in 2026.<\/p>\n<p>Instead, take the time now to consider what steps you need to implement to make the most of the season.<\/p>\n<p>This most commonly takes the form of hiring seasonal workers.<\/p>\n<p>Seasonal workers are subject to the same rights as regular employees and need to be treated as such.<\/p>\n<p>By preparing your onboarding processes now, you can be certain your temporary team are ready to hit the ground running when the festive period arrives.<\/p>\n<p>Your finances need to be ready to handle the additional employee expenses that they will bring, as it is unlawful to pay anything less than either the\u00a0<a href=\"https:\/\/www.gov.uk\/national-minimum-wage-rates\">National Living Wage (NLW) or the National Minimum Wage (NMW)<\/a>, depending on their age.<\/p>\n<p>The current rates are:<\/p>\n<ul>\n<li>\u00a312.21 for people aged 21 and over<\/li>\n<li>\u00a310 for people aged 18 to 20<\/li>\n<li>\u00a37.55 for people aged under 18<\/li>\n<li>\u00a37.55 is the apprentice rate<\/li>\n<\/ul>\n<p>It may also be necessary for you to manage tips and gratuities and this must be done in accordance with the <a href=\"https:\/\/www.legislation.gov.uk\/ukpga\/2023\/13\">Employment (Allocation of Tips) Act 2023<\/a>.<\/p>\n<p>Unlike in other places around the world, tips cannot be used as a substitute for wages and should be treated as an additional benefit on top of the NMW or NLW.<\/p>\n<p>To avoid breaching compliance, you need to have a clearly defined agreement with your employees so that they understand how tips and gratuities will be divided.<\/p>\n<p>When tips and gratuities are pooled, this will need to be done with a tronc that will be overseen by a troncmaster.<\/p>\n<h3><strong>What happens if my business is set to be quiet over the festive period?<\/strong><\/h3>\n<p>Early planning is imperative if your business is set to face a reduction in trade.<\/p>\n<p>This ensures that you are well-positioned to endure the loss of revenue and can get back up to speed when business picks up in the new year.<\/p>\n<p>It might be worth taking the quieter time to reflect on how your business has been performing in the past year.<\/p>\n<p>If there has been anything that seems to be holding you back, some quiet time is a good opportunity to come up with a new plan or angle.<\/p>\n<p>This will let you get the fresh start in 2026 that you deserve.<\/p>\n<p>Whatever awaits your business in the festive season, planning as early as possible will let you make the most of it.<\/p>\n<p>We can offer you expert advice to give you the best chance of success in 2026.<\/p>\n<p><a href=\"https:\/\/www.moorethompson.co.uk\/contact-us\/\"><strong>Speak to our team today<\/strong><\/a><strong> for festive financial planning. <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Matt Storey, Partner December is a time when there seems to be no shortage of festivities as Christmas, Kwanza and Hanukkah all vie for the time and attention of&hellip; <a href=\"https:\/\/www.moorethompson.co.uk\/partners-blog\/whether-your-business-is-set-to-boom-or-rest-the-time-has-come-to-prepare-for-the-festive-period\/\"><span class=\"meta-nav\">Read more&hellip;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21390","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Whether your business is set to boom or rest, the time has come to prepare for the festive period - Moore Thompson<\/title>\n<meta name=\"description\" content=\"December is a time when there seems to be no shortage of festivities as Christmas, Kwanza and Hanukkah all vie for the time and attention of clients, customers and businesses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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