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
Month: December 2019
Consumers set to spend £4.4 billion with small businesses this Christmas
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
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
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
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?
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
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