The Government’s Small Business Commissioner Paul Uppal has named and shamed high street health food giant Holland & Barrett over their payment practices.
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SME
What does the ‘Good Work Plan’ mean for businesses?
The Government has recently implemented the ‘Good Work Plan’ with the aim to improve the employment rights and workers. As a result, businesses will be expected to familiarise themselves and implement the following changes to their current working practices.
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Government launches consultation on tackling SME R&D relief abuse
The Government has launched a consultation on changes to research and development (R&D) tax credits which are intended to prevent businesses from abusing the scheme for small or medium-sized enterprises (SMEs).
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Shoppers getting irritated with cash-only businesses
SMEs and start-ups have less than five months to shift from taking cash only to accepting cards before a shopper’s expectations change. The higher demand in card payments by consumers is becoming a large factor in how a small business prospers for the future.
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Barclays announce £14 billion fund to support UK businesses
Barclays bank has announced plans for a major lending fund worth £14 billion pounds, which will help small and medium enterprises (SMEs) to flourish once the UK has left the European Union (EU).
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Businesses losing out on £6.7 billion by using out of date accounting systems
Research carried out by Barclaycard found that more than one-fifth of finance officers consider their accounting software is outdated, while 16 per cent revealed that companies are not making the most of early payment discounts, losing an estimated £6.7 billion each year.
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Chancellor wants to tackle late payments in the UK
Currently, in the UK, late payments are a serious issue, especially for small medium-sized enterprises (SMEs) who have to chase invoices from large suppliers, thus causing a disruption in the channel with resellers.
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UK Finance launches campaign in bid to help SMEs prepare for Brexit
UK Finance announced a national campaign encouraging small and medium-sized enterprises (SMEs) to prepare for the potential changes and opportunities brought about by the UK’s departure from the EU.
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HMRC to “Phase in” Entry Summary Declarations in no-deal Brexit
HM Revenue & Customs (HMRC) has announced plans to phase in Entry Summary Declarations should the UK leave the EU without a deal this March.
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MP’s calling for more to be done to help the high street
MP’s are backing calls for changes to the current tax regime in a bid to halt the current decline in UK high streets and town centres and allow them to flourish in the future.
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