The beginning of a new year is the perfect time to reflect on what your business has achieved over the last year, while also setting some goals for the year ahead. That could be cutting out bad business habits or opening yourself up to new opportunities. (more…)
Four out of five entrepreneurs in the UK believe the government could do more to support their small business, research claims.
Aldermore surveyed 1,799 people, including 642 small business owners, and found 79% of respondents believed existing initiatives did not provide enough support to SMEs.
Apprenticeship levy funds go towards the training of apprentices, but only 36% of SMEs polled were aware of the funding and only 4% had accessed this form of government support. (more…)
Of the 787 business leaders surveyed, 48% have faced issues with late payments since April 2017.
Almost a third (31%) said this was the result of an “excessively bureaucratic payments system” in the company being invoiced. (more…)
The Federation of Small Businesses (FSB) warned that the doubling of minimum employer contributions into workplace pensions from 6 April 2018 will “hit the very smallest firms and startups the hardest”.
Firms in labour-intensive industries – such as retail, childcare and construction – will reportedly feel the impact most acutely. (more…)
Companies can fail for several reasons and, for the most part, these aren’t the result of wrongdoing by the directors. For this reason, it’s perfectly legal to start a new company after an old one has become insolvent.
However, there are a number of rules that surround carrying on a similar business through a new company after the original company has gone into insolvency.
Known as ‘phoenixing’, this practice transfers the business, but not the debts, of the insolvent company to a new company.
But what is the problem with phoenixing, and what does the law say about it? (more…)
The Federation of Small Businesses (FSB) claims 33% of SMEs have not started preparing for the EU-wide General Data Protection Regulation, which takes effect on 25 May 2018.
A similar number (35%) have only recently started preparing for it, with 52% of those approaching the Information Commissioner’s Office (ICO) for advice. (more…)
With a new tax year upon us, many sole traders will be reviewing their business structure and considering whether it’s worth switching to a limited company.
There’s no denying that incorporating a business proved popular in 2017, with Companies House reporting a 7% rise in the number of actively trading companies – bringing the UK total to 1.9 million. (more…)
The Federation of Small Businesses (FSB) surveyed 1,203 small business owners and found that 46% lack a fully proficient workforce.
Additionally, almost a third (30%) of business owners who have recruited in the last 12 months reported facing skills shortages. (more…)
Annual statistics from the Department for Business, Industry, Energy and Strategy showed a year-on-year rise of 197,000, compared to the same time in 2016.
The number of firms in 2017 is also 2.2 million higher than at the start of the millennium, with 4.5 million businesses in operation back in the year 2000. (more…)
On Thursday 23 June the UK voted to leave the European Union. What does this mean for the country’s tourist industry when we consider that two thirds of visitors to the UK and nearly three quarters of business visitors to the UK are from EU Countries.
We have already seen a fall in the value of the pound; it will now buy you fewer Euros or Dollars. When holidaying abroad the cost of accommodation will have risen and spending money will not go as far. If people find foreign holidays significantly more expensive and with more and more of us choosing to book holidays late we may choose to stay and holiday at home in the UK.