Business accounting
VAT receipts rise to record £133 billion
Dec 02, 2019
The amount of VAT collected in the last 12 months has risen to a record £133 billion, with a significant contribution from the retail and wholesale sectors. The latest figures from HM Revenue & Customs (HMRC) indicate that revenue has increased ...
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BRC leading calls for more to be done to protect the retail industry
Oct 24, 2019
According to the latest data from the British Retail Consortium (BRC), there were around 85,000 job losses in the retail sector in the past year. The release of the figures has prompted calls for the Government to overhaul its high street ...
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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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