Business accounting

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How SMEs can prepare for Brexit

Oct 07, 2019

The department for Business, Energy and Industrial Strategy (BEIS) has recently released a checklist to help small and medium-sized enterprises (SMEs) prepare for the UK leaving the European Union (EU) on 31 October 2019. Here are six things SMEs can do ...

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Businesses taking extra cash-flow measures ahead of Brexit

Sep 26, 2019

According to the latest research, small business owners are increasing the amount of cash they’re holding in current accounts ahead of Brexit. The Hampshire Trust Bank (HTB) surveyed 500 companies whose turnovers ranged from below £500,000 to £100 million. The research found ...

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Half of UK SMEs are struggling with cash flow

Aug 19, 2019

According to the latest industry research, 2.5 million (44 per cent) UK small and medium-sized enterprises (SMEs) are struggling with cash flow as they prepare for Brexit. Research indicated that in the second quarter almost a third (29 per cent) of ...

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Government encouraging SMEs to sign up for funding to help with Brexit

Aug 08, 2019

The Government is encouraging UK small and medium-sized enterprises (SMEs) to register for funding to help them cope with a new customs system following a potential no-deal Brexit. In December, the Treasury and Revenue & Customs unveiled an £8 million training ...

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Workers missing out on £140 million in unclaimed expenses

Jul 29, 2019

New research has revealed that workers in the UK choose to miss out on £140 million a year in unclaimed work expenses, rather than go through the complex expense claim process. The survey was conducted by smart business spending solution Soldo, ...

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Drunk people in the workplace cost UK economy £1.4 billion a year

Jun 27, 2019

New research has revealed that as many as 89,000 people are turning up to work hungover or under the influence of alcohol every day, costing the economy around £1.4 billion a year. Earlier this year, Lloyd’s of London featured in the ...

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European Union agrees minimum rights for gig economy workers

Apr 25, 2019

The European Union has announced an agreement on minimum rights for workers who are in casual or short term employment within the gig economy. Members of the European Parliament (MEP) approved the improvements in rights for workers, which will be made ...

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Cyber-crimes can affect any business

Apr 15, 2019

Nowadays every business relies on technology to some extent to perform their everyday business tasks. However, as our reliance on digitalisation and computers evolves, data and privacy are becoming a primary concern, with an increased prevalence of cyber-related crimes. Figures have indicated ...

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Barclays announce £14 billion funding to support UK businesses

Mar 28, 2019

Barclays bank has announced plans for a major lending fund worth £14 billion pounds, which will help small and medium enterprises (SMEs) to flourish once the UK has left the European Union (EU). Recently, the Bank of England’s Governor Mark Carney ...

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Businesses reminded to take steps to prepare for upcoming payroll changes

Jan 24, 2019

Business owners in the UK are being reminded to take sufficient measures to prepare their businesses for the upcoming changes to legislation regarding payroll, which will come into force on the 6 April 2019. The changes to the legislation are being ...

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