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The latest small business news updates…

Bribery Act 2010 – Corporate gifts could come under tighter scrunity

December 23, 2010

New legislation is blowing the chill wind of austerity over corporate Christmas gifts, according to PwC Forensic Services. The Bribery Act 2010, due to come into force next April contains radical changes which could have a significant impact on corporate gifts to customers and clients, and which could lead to severe penalties for companies who […]

Business failures outpaced new start-ups during 2009

December 21, 2010

Statistics released by the Office of National Statistics this month show that in 2009, the number of business closures was higher than the number of new start-up businesses.

Start-up growth rate returns to 2007 levels, but recovery uneven

October 20, 2010

Following the trend of recent surveys, a new report suggests that the UK’s start-up sector growth has started to increase for the first time since 2007, following three years of falls in the number of new companies being launched.

Company directors warned over taking illegal dividends

August 4, 2010

A growing number of company directors are declaring illegal dividends or loans, according to a leading accountancy firm.

Business angels use gut instinct when choosing investments

July 26, 2010

New research has shown that Angels Investors (high net worth individuals who invest money and knowledge into companies who require funding) mainly follow their intuition ahead of financial calculations when deciding whether to invest in a company.

Limited company formations rise following two year slump

July 13, 2010

The number of new companies has started to rise again following two years of steep falls caused by the banking crisis, according to a Top 25 accountancy firm.

2010 Emergency Budget – what are the key business tax changes?

June 24, 2010

HfM Accountants have kindly provided a summary of the key changes to business taxation announced in this week’s Budget.

Things for employers to watch out for during the World Cup

June 8, 2010

With the World Cup beginning on the 11 June, hopes and dreams will be placed upon the national team doing well and of course lifting the Cup on 11 July. Inevitably the talk around the water cooler will be centred on football but what other impact is this month of sport going to have on […]

Budget 2010 – Summary of main points for small businesses

March 24, 2010

Here are some of the key points from Budget 2010, as they apply to small businesses.

Non executive directors warned over insolvency liabilities

November 15, 2009

A leading North West law firm is issuing an urgent alarm call to non executive directors (NEDs) warning them that their personal assets could be seized by creditors if their company becomes insolvent.

How to spot the warning signs of fraud in your business

November 11, 2009

Increased fraud, and other types of financial crime is one of the unfortunate consequences of the current economic downturn across Europe, according to the ACCA’s head of business law, John Davies.

Partnership bosses urged to protect personal finances from business debts

April 20, 2009

Recession hit business owners, operating as a partnership, are being urged to reorganise their firm “as a matter of urgency” to reduce the risk of personal liability for business debts.

Number of new enterprises remained steady in 2008

April 3, 2009

Statistics released by Barclays show that the number of new businesses set up during 2008 increased on 2007 levels, with female-run startups showing a 9% increase.

Pre-“crunch” statistics show record number of startups last year

December 2, 2008

The latest Government statistics show that the number of VAT-registered enterprises grew by 3% during 2007, reaching over 2 million by the start of 2008.

Entrepreneurs’ Relief – Business owners urged to plan carefully

October 15, 2008

Entrepreneurs banking on the concessionary 10% capital gains tax rate on business sale proceeds need to plan carefully and think well ahead, company owners have been told.

How many business enterprises are there in the UK?

October 2, 2008

The Office for National Statistics (ONS) has released its latest report on the number of registered businesses in the UK. There was a 3% rise in business enterprise numbers in the year to March 2008.

Companies Act – Company Secretary now an optional appointment

April 7, 2008

The Companies Act 2006 is the longest piece of legislation ever created – with quite a complex implementation timetable.

Record number of UK business start-ups in 2007

March 26, 2008

Business start-ups were at their highest levels for 20 years in 2007. However, the slowing economy meant that the number of businesses closing also surged during the year.

UK Small Business Statistics 2006 – Private enterprise continues to grow

August 29, 2007

The Department for Business, Enterprise and Regulatory Reform (formerly known as the DTI) has published some interesting statistics on the state of small business in the UK.

Advice on succession planning for small business owners

January 24, 2007

Small business owners and managers are risking it all by having absolutely no plans in place for their business when they retire or if they were to suddenly become ill or die, according to the latest research from Bibby Financial Services.

Comprehensive UK small business statistics for 2005

October 16, 2006

The Small Business Service (SBS), an executive agency of the Department of Trade and Industry, has published Small and Medium-sized Enterprise (SME) Statistics for the UK 2005.

Latest statistics show small increase in number of small businesses

September 1, 2006

The latest statistics on Small and Medium-sized Enterprises (SMEs) in the UK show that there was a small increase of 1.4% in the number of small businesses from 2004 to 2005.

Small businesses in the UK – Key Statistics

June 3, 2005

A major report published by Warwick Business School entitled “Finance for Small and Medium-Sized Enterprises” reveals some fascinating statistics relating to the small business world in the UK.

Comprehensive small business statistics released

August 26, 2004

The Small Business Service (SBS), an executive agency of the Department of Trade and Industry, today published Small and Medium-sized Enterprise (SME) Statistics for the UK 2003. The figures make fascinating reading…