A new initiative to unlock £1.5bn for local authorities over five years as well as shortening the payment process to SMEs has been officially announced.
Category: Money & Tax for the Self-Employed
Everything you need to manage money and tax as a freelancer or sole trader – from self-assessment to invoicing and cashflow.
Buying shares in an unquoted company
The recession has taken its toll on businesses across the UK, with many casualties along the way. As with all economic cycles, when businesses fail it provides opportunities for others to capitalise. However, in order to take advantage of these opportunities, even the most well established, long term businesses have been struggling to finance what they need in order for the business to flourish.
Is a loan classed as an asset?
The number of applications for freezing orders appears to be on the rise, perhaps due to an increase in insolvencies or simply more fraudsters operating in UK business today. Whatever the reason, the result is that it’s a pretty busy time for litigators.
Small firms ‘unaware’ of tax repercussions
A quarter of small businesses are completely unaware of changes they will have to make to the way they report tax deductions, research suggests.
Boost for SMEs as Close Brothers offered £15 million under Regional Growth Fund
Hundreds of SMEs will be able to benefit from up to £15 million allocated to Close Brothers under the government’s Regional Growth Fund.
Young employees hungry to know more about being enrolled automatically into pensions
According to recent research from Standard Life, over half of young British employees are keen to learn more about the Government’s new auto-enrolment initiative.
Three quarters of UK businesses unimpressed with government funding initiatives
Recent statistics show that nearly 80 per cent of UK firms feel that recent government funding initiatives such as Funding for Lending and Project Merlin have not helped their businesses.
Top ten tips on raising finance for SMEs
Daren Bekisz, partner at Begbies Traynor in Yorkshire, offers advice for SMEs on obtaining funding
British businesses missing out on millions of pounds in R&D grants
Many British businesses are failing to claim the money that they are entitled to, according to an expert in Research and Development (R&D). Richard Cullum, Managing Partner of tax specialists R&T Consultants, believes that numerous companies across the region are missing out the tax relief available to both SMEs and larger companies because they are unfamiliar with the latest tax and grant incentives.
Give London small businesses a tax break during London 2012
News that big broadcasters and their employees and contractors will be exempt from UK tax during London 2012, has prompted calls for small businesses in the Capital to get a tax break too.
Terms of Endearment: Avoiding Late Payment Penalties
Whether late payments happen by accident or design, they may soon be attracting penalties for businesses. Lucy Beck, UK sales director for Palette why organisations should get control of their accounts payable and build better relationships with suppliers.
If you ask nicely you might get paid quicker
New research reveals that old fashioned good manners will speed up the payment of bills and invoices, with 45 per cent of companies admitting they will speed up payment if they are asked nicely.
Duedil launches features that are part of on-going redesign
Duedil, the world’s largest database of free company financials, is rebuilding their website to improve users’ access to data from all over the web. A string of features launched recently include a Google Chrome extension, new financial ratios widget and faster data imports.
Santander announces new Internship programme for small business
Santander UK Chief Executive Ana Botín has extended the bank’s support for SMEs, building on a 25 per cent increase in lending over the past two years, with the launch of a new programme to place graduates from the country’s top universities on internships with SMEs across the UK.
Business owners patience runs out as the week progresses over bad debts
If you are a late payer on a mission to avoid your creditors, the best days to be in the office are Mondays and Tuesday – the worst – Thursdays and Fridays.
