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Entries from May 2015

Businesses could benefit from Programme for Government

Sarah Bean - Friday 28.05.16, 08:32am

Thousands of small businesses could benefit from the measures outlined in the Coalition Government’s document, Programme for Government, according to the Federation of Private Business (FPB).
The FPBs’ reactions to the agreements are positive, however, they have stated that they will be cautious of any veiled proposals. Head of Policy, Matthew Goodman commented: “I’m sure this [...]

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Tags: FPB · SME · Small Business · UK Economy

Better broadband access for businesses

Sarah Bean - Thursday 27.05.16, 08:29am

The new coalition government recently announced that Ed Vaizey was to be the new broadband minister, and the Federation of Small Businesses is now already calling on Vaizey to ensure that businesses have access to basic broadband speeds.
It was announced recently that the new broadband minister in the UK was to be Ed Vaizey, and [...]

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Tags: FSB · SME · sme invoice finance

Taxman gets tough on Time to Pay

Sarah Bean - Wednesday 26.05.16, 08:25am

Contractors working as sole traders or limited companies in a number of UK industries could be among those finding it more difficult to enter Time to Pay agreements with HM Revenue & Customs (HMRC).
New figures have revealed that HMRC rejected 11.2 per cent of all VAT Time to Pay requests in the first quarter of [...]

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Tags: SME · Small Business · Uncategorized

Business insolvencies down 15 per cent

Sarah Bean - Tuesday 25.05.16, 08:25am

Global information services company Experian reveal UK business insolvencies down 15 per cent
The latest Insolvency Index from Experian®, the global information services company, has revealed a year-on-year fall in business insolvencies during April in the UK.
The total number of insolvencies fell by 15.1 per cent during April compared to the same month last year - [...]

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Tags: Uncategorized

ABFA on the new government

Sarah Bean - Monday 24.05.16, 11:31am

The Asset Based Finance Association (ABFA) has reported on its web site that “It is excellent news that a new government has been formed and this positive step should help reassure businesses that a credible and effective steer on economic policy will be forthcoming, rather than facing the nightmare alternative of [...]

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Tags: abfa

New NI policy welcomed by FPB

Sarah Bean - Monday 17.05.16, 09:02am

The ‘tax on jobs’ had been scheduled to take effect in 2016 – when many analysts anticipate small businesses will be seeking to recruit in earnest in order to meet renewed demand.
Although the 1% employers’ NI rise will still affect staff earning more than £20,800, the threshold at which they begin paying NI on employees [...]

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Tags: SME · Small Business

Late payment impacts upon struggling SMEs

Sarah Bean - Thursday 13.05.16, 13:03pm

While the recession may officially be over, trading conditions for Britain’s SMEs remain extremely challenging, with 80% of businesses reporting increased late payment over the past six month according to new research commissioned by Hilton-Baird Financial Solutions, in conjunction with Credit Today.
Almost one in three businesses (32%) questioned in the report currently classified 30% or [...]

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Tags: Factoring · Invoice Discounting · SME · Small Business · sme invoice finance

ABFA’s views on hung parliament

Sarah Bean - Monday 10.05.16, 18:55pm

In respect of the hung parliament position, the Asset Based Finance Association, ABFA,  has a clear stance:
“The hung parliament result could seriously hurt the UK’s fragile economic recovery, delivering as it does more uncertainty and risk to businesses. At a time when the country is facing its highest debt ever a clear reduction strategy is [...]

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Tags: SME · Small Business · UK Economy · abfa · recession · sme invoice finance

SMEs concerned about hung parliament

Sarah Bean - Tuesday 04.05.16, 08:08am

Business leaders are growing increasingly concerned about the prospect of a hung parliament, which they fear will be too indecisive to take the tough decisions ahead. They also believe VAT will go up after the election, but would prefer that to a National Insurance rise, according to research carried out by the British Chambers of [...]

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Tags: SME · Small Business · UK Economy · Uncategorized · sme invoice finance