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 ...

Blog, SMEs, Tax

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 ...

Blog, SMEs, Tax

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 ...

Blog, SMEs, Tax

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 ...

Blog, SMEs

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, ...

Blog, SMEs

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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Blog, Business Advice, SMEs

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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Blog, SMEs

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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Blog, Business Advice, SMEs

Government urged to act as labour shortage continues

Jul 19, 2022

The recruitment crisis across the country shows no sign of abating, according to a survey from a top business body. The worst-affected sector was construction, with 83 per cent of those surveyed reporting difficulties, with the logistics and hospitality areas not ...

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Blog, SMEs

Open banking allows accountants to deliver added value for clients

Jun 28, 2022

A new survey has found that more and more SMEs are turning to open banking to make their businesses more efficient, a move that offers accountants opportunities to deliver added value to clients. Open Banking was launched in the UK in ...

SMEs