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The latest small business news updates…

 Borowing options for Christmas


With the average UK household spending between £500 to £800 on Christmas this year, around 20% will consider some form of borrowing to tide them over the holidays. Continue…


Dispute with business insurance claim


New research reveals that companies who take their insurers to court over non-payment of an insurance claim only win in around one in three cases. Continue…


Funeral plan legislation

Pre-paid funeral plans are set to be met with much stricter regulation, it has emerged. The funeral plan industry has been brought to the attention of the UK Government which plans to deal with bad practice in the sector. Continue…


 slot machine


High street betting stores are expected to ‘lose jobs’ over the recent crackdown in fixed odds betting machines (FOBTs). New rules coming into place in April 2019 will see the maximum stake changed from £100 to just £2, something that is expected to impact the profits and business of high street bookmakers such as Ladbrokes, William Hill and Coral. Continue…


PPI compensation claims for self employed

With the PPI deadline looming on the horizon, a number of eligible claimants may still be wondering whether or not they are truly entitled to compensation.



Autumn Budget 2018 - Phillip Hammond speech

On Monday 29 October, Philip Hammond delivered his second Autumn Budget. With stronger tax receipts driving better than expected Government borrowing figures, the Autumn 2018 Budget was more generous than most observers expected. So much so, that the Office for Budget Responsibility (OBR) calculates these spending promises to be the biggest Budget giveaway since the independent body was set up in 2010.

However, with the possibility of the UK leaving the EU without a trade deal hanging over the country, the Chancellor did say that he will consider a Spring 2019 Budget should there be a no-deal Brexit.

To help you quickly grasp the major changes, we’ve worked with HFM Tax to bring you a summary of the key points from the Autumn Budget 2018 likely to affect small business owners and self-employed people; Continue…


Business Basics Fund boost take up of new technologies in small businessesSmall Business Minister Andrew Griffiths unveils a new £8m Business Basics Fund in a speech to the CBI today.

The Business Basics Fund aims to boost the productivity and performance of small businesses in England. Continue…

customer forces shaping logisticsThe logistics industry is heavily influenced by customers, and frankly delivery companies would not be able to operate without their consumers.

With, the growth in ecommerce and the increasing demands from consumers for ever-faster delivery options, the logistics industry is being forced to adapt to meet this shift in expectations. Continue…

SMEs plan to grow by focusing on customersNew research finds the UK’s SMEs are optimistic about the global economy and their role in it – and indicates that they are going ‘back to basics’ to unlock ambitious growth over the next 12 months.

The study also suggests that Britain’s SMEs could be ripe for international expansion. Continue…

Autumn Budget 2017 Key points for small businesses On Wednesday 22 November, Philip Hammond delivered the UK’s first Autumn Budget for 21 years.

Constrained by high borrowings, falling growth forecasts, poor productivity, the uncertainty of Brexit and a very slim Government majority the Chancellor wasn’t in a position to announce too many radical changes.

They might not grab the headlines but there are changes small businesses need to be aware. Here, we’ve worked with HFM Tax to bring you a summary of the key points from the Autumn Budget 2017 likely to directly affect small business owners; Continue…

This article has been provided by fastgardener the new garden maintenance service.

A new British start-up connecting businesses and homeowners in the UK with professional gardeners is turning to crowdfunding to get the necessary capital to grow. Continue…

With Global Entrepreneurship Week in full-swing, businesses are being urged to submit their entries for the 2016 Shell Springboard Program before the deadline for applications closes on Friday 20th, November.

The Shell Springboard Program offers funding awards of up to £150,000 to small enterprises with innovative, commercially viable business ideas that reduce carbon emissions and help in the move to a lower carbon economy.

Successful applicants will also enjoy the benefits of networking with the key players in the low-carbon sector and exciting publicity opportunities.

UK graduates interested in freelancing or self-employment feel their university should have done more to support them, according to a new study by business insurance broker PolicyBee.

The study, which surveyed just over 1,000 recent graduates, found that 62% of graduates said freelancing or self-employment was not discussed at all by their university’s career department. Continue…

Nearly a third of workers have admitted using drugs at work, and virtually every employee say they’ve been drunk in the workplace.

These are the incredible figures from a new survey carried out for, which also found significant numbers of staff are “under the influence” every working day.

Are you a young entrepreneur, or do you think you have the potential to run a growing business?

If so, the New Entrepreneurs Foundation’s (NEF) annual Enterprise Programme could be the stepping stone you need, to turn your dreams into reality.

The 12-month programme, which starts in September, is the only one of its kind in the UK, and gives aspiring business owners a great head-start in their new venture.

Designed to teach young people the ropes of becoming a successful entrepreneur, the programme aims to give young talent the skills, experience and contacts needed to succeed in business.

And the NEF, which has already helped 100 young men and women through the programme, is now calling on the UK’s bright minds and aspiring entrepreneurs to apply to be one this year’s intake. Continue…

Entrepreneur and psychotherapeutic executive coach, Bec Howard is giving 10 women leaders and entrepreneurs the chance to take part in her research study, “Therapy in the boardroom”.

As part of the research, the successful applicants will receive two, 3 hour one-to-one psychotherapeutic coaching sessions over the course of three months.

Any woman in business, anywhere in the country, who is serious about unlocking their own potential to accelerate her business growth or career can apply.

HMRC are running a series of live webinars to help those that are new to, or considering; going self employed, starting a business, employing staff or becoming a limited company director.

Each webinar covers a distinct topic and will help you to understand the legal implications and the responsibilities involved with the steps you are considering. You can also submit questions to the presenter during a webinar.

The webinars that will be of interest to new business start-ups, both sole traders and limited company directors, and those thinking of employing staff for the first time are detailed here; Continue…

Vince Cable has launched the first phase of lending by the New Business Bank by announcing an initial £300m injection of public funds into the project, which will be combined with private investment.

The Chancellor delivered his 4th Budget speech at 12.30 today. Here is a summary of the key points announced, with particular reference to the changes which affect small businesses.

The number of businesses seeking funding via the Enterprise Investment Scheme has jumped by almost 50% over the past year. Experts believe the number will climb further due to the recent relaxation of the EIS eligibility rules.

Surge in number of self-employed since 2008

February 7, 2013

Data released by the Office of National Statistics this week shows that the total number of self-employed has reached an all-time high of 4.2 million, with almost 370,000 extra people working for themselves since the economic downturn started in 2008.

HMRC using distraint powers to collect taxes from late-paying businesses

January 23, 2013

Small businesses with outstanding tax liabilities are being warned that HMRC has doubled the use of its ‘power of distraint’, which allows its staff to make unannounced visits to firms’ premises in order to recover unpaid taxes.

Material changes coming to business insurance – but will they make a big difference ?

December 11, 2012

Every business needs insurance of some kind or another and many businesses have a multitude of different and complex insurance policies. But insurers have an unfair advantage when it comes to claiming against a policy.

Autumn Statement 2012 – key points for businesses

December 5, 2012

The Chancellor delivered his Autumn Statement this lunchtime. Here are the main points of interest to small business owners:

Small firms confident about taking on their larger rivals

November 25, 2012

Most small businesses believe that they can take on larger firms, and punch above their weight – even in a challenging economic environment.

What type of entrepreneur are you?

November 19, 2012

A new study into the entrepreneurial behaviour has found that many entrepreneurs are more prudent, and take fewer risks than the general public.

Fear of failure is holding back small businesses

November 12, 2012

A new study of 1,000 businesses owners shows that fear of failure is holding back many small businesses.

HMRC tax investigators increasingly targeting small firms

October 23, 2012

New research published by a leading accountancy firm shows that HMRC has ramped up its investigation efforts into smaller enterprises, as the yield from compliance activities into SMEs soared by almost 40% in the last tax year.

Record number of private businesses in the UK

October 17, 2012

Figures released by the Department of BIS today show that there are now more private sector businesses in the UK than ever before – 4.8 million of them at the start of the year.

Businesses that export experience greater sales growth

October 5, 2012

A new report suggests that businesses that export see a positive impact on their finances within just six months, and will grown on average by one third within two years.

Law change makes it easier for SMEs to pursue intellectual property claims

October 1, 2012

A new legal procedure has been introduced to help small firms to protect their intellectual property rights without the need for legal representation or a formal hearing.

Business Link website to be switched off on October 17th

September 17, 2012

Government business portal, Business Link, will be disbanded on October 17th, and replaced by a new service – GOV.UK.

Is it possible for business owners to genuinely relax on holiday?

September 12, 2012

Research carried out by Fasthosts has found that most of the country’s small business owners are too stressed to enjoy going on holiday – with many vacations ruined by business-related interruptions, or the knowledge that they may be losing money while sitting on the beach.

Small businesses could save billions by going limited

June 27, 2012

A professional services site says that small businesses could be ‘wasting’ over £4bn each year in unnecessary taxes by setting up as sole traders and partnerships rather than taking the limited company route.

Small firms spend 130 hours each year chasing overdue invoices

June 7, 2012

A recent survey has found that small businesses spend an average 130 hours each year chasing late payments, and wait 30 days beyond the contractually agreed terms before payment is actually received.

New ‘cookie’ law will affect small business site owners

May 18, 2012

New regulations come into force on 25th May, which mean that websites of all sizes will be obliged to gain permission from their visitors to download cookies that collect information about their surfing habits.