Half of UK SMEs eyeing up imminent revenue growth, study finds

50 per cent of UK small and medium-sized enterprises (SMEs) expect to achieve revenue growth of 4 per cent or more before the end of the year, a new study suggests.Continue reading→

Party leader dubs late payment “a national scandal”

Plans were outlined yesterday to crack down on the big name companies who fail to pay suppliers on time.Continue reading→

Landlords confused about recent tax changes

A new survey has revealed a worrying lack of awareness of recent changes to mortgage interest tax relief – which were phased in at the beginning of this month and affect most UK landlords.

Previously, UK landlords would pay tax on profits at their highest rate of Income Tax. However, between April 2017 and 2020, this system is gradually being replaced.Continue reading→

45 per cent of British businesses ‘more ambitious’ than a year ago

A new study suggests that almost half of Britain’s small and medium-sized enterprises (SMEs) are ‘more ambitious’ today than they were in 2016.Continue reading→

Banks reject cash LISA on launch

A grand total of zero banks and building societies have opted to take up the Government’s new Lifetime ISA (LISA) cash accounts on the day of their launch, it has emerged.Continue reading→

HMRC consultation seeks views on flat rate mileage and fuel expenses

Following Spring Budget 2017, HM Revenue & Customs (HMRC) has launched a new consultation into the taxation of employee expenses.Continue reading→

Last-minute study suggests worrying lack of awareness of IR35 reforms

Just days ahead of 6 April 2017, a new study has found that around half of agencies and public sector companies are yet to make preparations for imminent IR35 reforms.Continue reading→

New changes to VAT Flat Rate Scheme now in force

Important changes to the VAT Flat Rate Scheme were phased in on 1 April 2017, and could have far-reaching implications for small and medium-sized enterprises (SMEs).Continue reading→

Hospitality sector warns about EU staff shortfall

Members of the hotel, restaurant and tourism industries have warned that the UK faces a shortfall of up to 60,000 workers a year if immigration from the European Union is restricted.Continue reading→

CEBR report sheds light on SME growth trends

The Centre for Economics and Business Research (CEBR) has published a new report which sheds light on the growth trends of Britain’s small and medium-sized enterprises (SMEs).Continue reading→