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The latest small business news updates…

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

Each hour-long 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 will also be able to submit questions to the presenter during each webinar

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

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The Angel CoFund, which provides investment capital for businesses with the potential for rapid growth, can now be tapped by companies from all over the UK.

Previously, only high-growth businesses in specific geographical areas of the UK were eligible for funding through the CoFund. However, a £50 million finance boost from the government’s Business Bank initiative sees the fund being opened to businesses from all parts of the UK.
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Freelancers and small businesses are getting an even rougher deal than usual, as figures from Experian show they are currently the only individuals and companies in the UK to be making strides on prompt payment.
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A technology entrepreneur says that start-up businesses can only be effective if they embrace cloud computing, rather than investing in their own computer hardware.
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Useful research, published this week, has unveiled the optimum times of day to launch email marketing campaigns to prospective customers. Email open rates vary enormously according to when they are received.
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Following criticism that the Funding for Lending scheme has done little to extend credit for small firms, the Bank of England has announced an extension to the current scheme, with further incentives for lenders.
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A leading accountancy firm has urged company owners to check if they are due a Corporation Tax refund from HMRC at the end of each year, as delays are not uncommon.
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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.
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The introduction of the Late Payments Directive on March 16th gives you new powers to chase overdue invoices – and makes it more important than ever to pay your own bills on time.
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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.
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The number of would-be entrepreneurs who have been granted funding via the Start-Up loan scheme has passed the 2,000 mark, with 1,000 businesses receiving assistance over the past month alone.
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Announcing the interim results of its Company and Commercial Law Red Tape Challenge, the Government says that half the regulations dealing with the day-to-day running of limited companies are to be scrapped or modified in some way.
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A leading law firm has warned that the retirement of the so-called ‘baby-boom generation’ could cause a crisis in business succession planning, and businesses may need to look for alternative funding solutions as traditional lending options continue to be difficult to access.
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HMRC has embraced social media this week by hosting a week-long Twitter Q&A session aimed at prospective start-ups. Over 20 new start-up videos have also been posted to help fledgling businesses with tax-related issues.
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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.
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In a move that has been criticised by some, HMRC have decided to ‘name and shame’ people who have received penalties for making deliberate tax return errors, where the total penalties total more than £25,000.
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The Business Secretary has finalised an agreement to bring a new patent court to London, designed to protect business owners’ ideas in Europe.
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With just weeks to go before implementation, a a leading accounting body says that one third of small firms ‘have no knowledge’ of the upcoming RTI changes to the PAYE system.
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A recent survey found that many limited company owners do not research the availability of domain names during the formation process, which could cause problems for marketing their brand online in the future.
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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.
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