One of the headline concerns for many businesses throughout 2012 was access to credit. And according to the Forum of Private Business, it looks highly likely this trend will continue into the new year.
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
The Essential Budgeting Guide For Freelancers & SME Owners
Whether you are a self-employed contractor or a small business owner, one of the most important aspects to being a success is planning a budget. Both careers do not receive a steady income, so budgeting is essential to ensure you have money aside for a rainy day.
Tax Dodgers and cowboys beware – the tax man cometh…
We didn’t have to wait for George Osborne’s Autumn Statement to learn of the Government’s latest plans to “clamp down on tax dodgers.” An announcement on Monday that another £77m of funding would be found to enable HMRC to expand their anti-avoidance and evasion activity was swiftly followed by the publication of a document entitled “Closing in on tax evasion: HMRC’s approach”.
The beauty of tax advice
Saving for the future means knowing how to tackle the taxman, says Almary Green’s Carl Lamb. Here he looks at the different ways of minimising the tax burden.
New PAYE reporting ‘impossible’
Many businesses will find the new Pay As You Earn (PAYE) reporting system impossible according to the ICAEW. This is despite HMRC publishing proposals explaining when employers will be allowed extra time to send in information to HMRC.
Councils urged to tackle culture of late payment & earn £1.5bn in process
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.
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.
