As thousands of SMEs prepare for the AE challenge, Clare Abrahams, head of auto-enrolment at Lorica Employee Benefits explores the lessons they can learn from the large corporates who’ve already been through it.
Category: Finance
Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
Top 5 Auto Enrolment Pitfalls for Small Businesses
With the introduction of auto enrolment pensions there’s been a lot of talk about the problems it can cause and some small businesses are even threatening to boycott the legislation.
SMEs want rules to force banks to refer rejected firms to alternative lenders
New research reveals that 65 per cent of SMEs believe banks should be forced to provide details of SMEs they have rejected for funding to alternative lenders.
Government announces extension for pension decision period
The government has announced today that people who have recently taken a tax-free lump sum from their defined contribution pension will be given 18 months rather than 6 months to decide what they wish to do with the rest of their retirement savings, and will not be put at a disadvantage should they wish to wait to access their pension savings more flexibly.
5 tax traps to avoid in the new tax year
The UK’s tax system is a vast quagmire of rules with lots of pitfalls lurking in wait for unwary small business owners.
Budget for Business or a People’s Budget?
George Osborne’s penultimate budget as Chancellor is fast approaching. With just 14 months until the next election the question we are asking is which basket will Osborne put his eggs into; business or the people?
Thinking of switching from Sole Trader to Limited Company?
As the end of the tax year approaches, it’s a good time to think about how your business is structured, and whether you want to make a switch.
Accountancy firm joins £30m government SME growth scheme
An accountancy firm that supports start-ups and small firms is to take part in a £30m government scheme designed to boost business growth.
Late payment is a chronic problem for UK business
To bring about lasting change, we need to change business behaviour and create a culture of prompt payment
HMRC and Employee Benefit Trusts – what contractors need to know
As HMRC continue to crack down on tax avoidance, Ben Dunn FCA, Finance Director of JSA Services looks at the issue of Employee Benefit Trusts.
Two years on; how SEIS could help your small business
The Seed Enterprise Investment Scheme, also known as SEIS, has so far helped over 1,000 companies raise finance. Private investors have invested over £82 million through the scheme.
FreeAgent offers £5k towards an SME's tax bill
Online accounting pioneer launches new painless Self Assessment filing feature – and offers to pay £5k towards one lucky small business’s tax bill
60% of SMEs are shunning banks as ‘Alternative funding’ goes mainstream
As two thirds of SMEs report that they need funding to grow, over 60 per cent say they have either used crowdlending or would consider doing so, according to new research. In fact, nearly one in five SME owners or decision makers report they have already used crowdlending.
Tax breaks for SMEs in 2014
Carl Elsby, MD of chartered accountants Elsby & Co looks at the tax reliefs and schemes available to support small business for growth in the coming year.
How to attract investment via Crowdlending
Richard Watts, Marketing Director at FundingKnight gives us his top tips on how to get the funding you need from crowdlending platforms