Late payments: A big cost for small businesses
Sep 15, 2022
Late payments are costing small businesses £684 million per year, in addition to rising inflation, data has revealed. According to the study of thousands of companies, conducted by Accenture with help from Xero, the cause of this loss is due to firms ...
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Tourism Tax – Will it help or hamper small tourist businesses?
Sep 14, 2022
Several cities, including those in the UK and the EU, are considering introducing a tax on visitors. There are major implications for introducing such a tax, with many hailing it as a great way to raise much-needed revenue for investment hotspots. On ...
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Can apprentices help with your skills shortage?
Sep 13, 2022
Many UK businesses are having problems with recruitment as the number of job vacancies has soared over the last 12 months. Key staff are also being enticed away by better offers from competitors. It’s a dilemma for SMEs, but also an ...
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What can you do to help your employees? Handy tips to help them cope with the cost of living crisis
Sep 08, 2022
With the ongoing cost of living crisis, people are continually looking for ways to save money. Whilst buying discounted food, choosing cheaper brands of clothing, or strategically filling the car up are all ways you can cut costs, there are several ...
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Hard pressed SMEs struggling with cashflow challenges
Aug 16, 2022
A huge majority of small businesses are ploughing more money into their business than they are taking out for a least one month of every year. As firms feel the squeeze of the rising cost of living and soaring fuel bills, ...
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Planning is key for owner-managed businesses
Aug 12, 2022
Being your own boss is a dream for a lot of individuals, however, the reality of running your own business can be stressful. To make your owner-managed business a success, you will need a clear vision and a plan for how ...
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Firms founded during the pandemic could add £20 billion to economy
Aug 09, 2022
British businesses formed during the pandemic could be a significant driving force for the UK economy. Around 800,000 companies were formed during the first year of the pandemic, which was up by nearly a quarter, at 22 per cent, on the ...
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Help to Grow: Digital Scheme receives a boost
Aug 04, 2022
More than a million businesses can now benefit from Help to Grow as the eligibility criteria has been expanded to cover businesses with at least one employee. In real terms, this means up to 1.2 million businesses could benefit from this ...
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Supply chain issues to drive warehouse construction growth
Aug 02, 2022
Construction output is expected to rise by 2.5 per cent this year, according to a trade body survey. It is much-needed good news for the economy, with new warehouses and infrastructure growth the driving forces. More storage space needed for online business According ...
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New VAT Registration Service (VRS) set to launch
Jul 28, 2022
HMRC is introducing a new VAT Registration Service (VRS), it has been revealed. Launching on 1 August, the service aims to speed up the process, improve security, and automatically register businesses for Making Tax Digital (MTD). From this date onwards, the existing ...
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