{"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 <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\/\" class=\"more-link\">&#8230;<span class=\"screen-reader-text\">  Whether your business is set to boom or rest, the time has come to prepare for the festive period<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21390","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.moorethompson.co.uk\/partners-blog\/wp-json\/wp\/v2\/posts\/21390","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.moorethompson.co.uk\/partners-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moorethompson.co.uk\/partners-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moorethompson.co.uk\/partners-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moorethompson.co.uk\/partners-blog\/wp-json\/wp\/v2\/comments?post=21390"}],"version-history":[{"count":1,"href":"https:\/\/www.moorethompson.co.uk\/partners-blog\/wp-json\/wp\/v2\/posts\/21390\/revisions"}],"predecessor-version":[{"id":21391,"href":"https:\/\/www.moorethompson.co.uk\/partners-blog\/wp-json\/wp\/v2\/posts\/21390\/revisions\/21391"}],"wp:attachment":[{"href":"https:\/\/www.moorethompson.co.uk\/partners-blog\/wp-json\/wp\/v2\/media?parent=21390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moorethompson.co.uk\/partners-blog\/wp-json\/wp\/v2\/categories?post=21390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moorethompson.co.uk\/partners-blog\/wp-json\/wp\/v2\/tags?post=21390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}