News

New Research Highlights Regional Late Payment Risk for Small Businesses

Late Payment - by UK area

New analysis of data from over 3 million SMEs up and down the country has revealed the areas of the UK where late payment is at its worst.

121 areas of the UK were scored and ranked based on how quickly businesses pay their invoices, highlighting which regions are the highest and lowest risk for freelancers and small businesses when it comes to getting paid on time. (more…)

Cost-Saving Tips for Tech Start-Ups in the North

serviced office manchester

When it comes to starting up a business, London has itself a new rival. With more and more entrepreneurial spirits being drawn to the North, cities such as Manchester, Leeds and Sheffield have developed strong technology cultures, making them popular locations for tech start-ups. (more…)

Betting Companies to Lose Jobs Over Cut on Maximum Stakes

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. (more…)

Budget 2018 – Summary for Small Businesses & Self Employed

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; (more…)

How customer demands are reshaping the logistics industry

customer forces shaping logistics

The 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. (more…)

Autumn Budget 2017 – Key Points for small business owners

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; (more…)

Last few days for Shell Springboard entries and the chance to win up to £150,000 of funding

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.
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Graduate entrepreneurs lack support from universities

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. (more…)

3 out of 10 employees have taken drugs at work

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 Protecting.co.uk, which also found significant numbers of staff are “under the influence” every working day.
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Last chance for budding entrepreneurs to grab one of 35 places on 12-mth NEF Enterprise Programme

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. (more…)

Chance for 10 female entrepreneurs to take part in research study and get 2 free business coaching sessions

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.
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HMRC webinars offer help for new business owners, employers and company directors

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; (more…)

Surge in number of self-employed since 2008

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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