Business and Enterprise Minister Mark Prisk is today leading a call for businesses to work together and develop practical solutions in creating better cashflow management systems and changing the culture of late payments.
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.
SMEs waste £7billion a year in unnecessary tax payments
Small businesses risk wasting £7billion this year – an average of £1,600 each – in unnecessary tax payments, according to a new report published today
ICAEW urges Chancellor to use Budget to encourage business investment
In a letter to the Chancellor ahead of this month’s Budget, ICAEW has asked for incentives that will encourage businesses to invest and help rebuild business confidence, essential to sustaining and accelerating the UK’s recovery from a year of slow growth.
SME owners join forces to call for ‘damaging’ 50p tax rate to be scrapped
The 50p higher rate of income tax is “damaging the economy” and delaying the recovery from recession, more than 500 entrepreneurs and business owners warn today.
Barclaycard launches cashback card for Small Businesses
Barclaycard Global Commercial Payments has announced that it has launched a new market leading cashback corporate card to help small business customers make the most of their business spending.
Warning to companies to meet PAYE deadlines
Companies are being urged to prepare now for the payroll year end to avoid strict penalties being imposed for the late submission of information.
£1 billion growth fund boost open for business looking to grow
At the Government’s National Manufacturing Summit being held at the Bristol & Bath Science Park today, Deputy Prime Minister Nick Clegg is set to announce that the government has provided an extra £1 billion for businesses seeking support to help them create new jobs and grow.
Ten growing SMEs named as finalists to win HSBCs £200,000 Business Growth Grant
Ten SMEs are in the running for a national HSBC business award that will help boost their UK expansion on a national or international scale. The ten finalists are from across Great Britain, with four receiving a £50,000 HSBC Business Growth Grants.
Big rise in the number of SMEs calling in debt recovery experts
An increasing number of SMEs are facing cash-flow problems with two thirds of debt recovery specialists having noticed a substantial rise in the number of small and medium sized businesses chasing large debts over the past 12 months.
Business owners are draining personal savings to help run firms
More business owners are resorting to drawing on their own personal savings to keep their businesses going compared to this time last year.
Entrepreneurs fail basic financial fitness test
In lean times, businesses need to be on top of their game, but when testing the financial fitness of a group of entrepreneurs, Intuit, the makers of QuickBooks accounting software, found many in dire need of a workout.
2012 with herald SME acquisition boom
A new survey has revealed that ten per cent of small and medium-sized businesses are actively considering acquiring a competing business.
Preparing your business for HMRC’s Real Time Initiative
HM Revenues & Customs (HMRC) is proposing a complete overhaul of the way employee information is filed, with the introduction of its Real Time Information (RTI) reporting initiative. Employers and Payroll Managers are amongst those most affected by these changes, but effective planning and preparation will minimise disruption and allow for a smoother transition to the new system.
Exporters need more government support to grow say ICAEW
Exporters would value sector and country market intelligence in order to grow according to the ICAEW. This news comes as research shows that the rise in export activity will stagnate in 2012 due to turmoil in key global markets.
Avoid fines for failing to comply with VAT rules like Vince Cable
Vince Cable has spent the last few days squirming over a £1000 fine for failing to register for VAT on his reported £192,000 income from external sources but vowed he would continue to chase duty dodgers.
