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Month: December 2019

A quarter of SMEs fear they will go bust within five years

12th December 201912th December 2019 McGills

According to research from accounting software platform Xero, a quarter of small business owners believe their company will go bust within the next five years. Read More

Consumers set to spend £4.4 billion with small businesses this Christmas

11th December 201911th December 2019 McGills

According to the latest research, British consumers are set to spend £4.4 billion with small businesses this Christmas. Read More

Late payments are significantly affecting UK SMEs

9th December 20199th December 2019 McGills

According to MarketFinance Business Insights, small and medium-sized enterprises (SMEs) are experiencing greater delays in receiving payments, with the average length of time doubling from 12 days to 23 days over the past year. Read More

One in three small business owners “prioritise work-life balance”, study reveals

6th December 20196th December 2019 McGills

More than 33 per cent of entrepreneurs see “cutting down work hours” as a major priority, a new study has revealed. Read More

IR35: HMRC launches updated CEST service

4th December 20194th December 2019 McGills

HM Revenue & Customs (HMRC) has launched an updated Check for Employment Status for Tax (CEST) service ahead of the introduction of the IR35 off-payroll working rules for the private sector on 6 April 2020. Read More

What is the High Income Child Benefit Charge?

4th December 20194th December 2019 McGills

Introduced in January 2013, the High Income Child Benefit Charge is a levy assigned to households who claim Child Benefit and whose annual income is above £50,000. Read More

VAT receipts rise to record £133 billion

2nd December 20192nd December 2019 McGills

The amount of VAT collected in the last 12 months has risen to a record £133 billion, with a significant contribution from the retail and wholesale sectors. Read More

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