Business Secretary launches review to prevent small firms from being ripped off by larger companies
Business Secretary Grant Shapps has announced a comprehensive review into tackling late payments for small businesses, while urging large companies to pay their smaller suppliers promptly. Click to Read Article
What is Small Business Saturday?
The antidote to Black Friday and Cyber Monday Small Business Saturday is a grassroots, non-commercial campaign that aims to support small businesses across the UK by encouraging consumers to shop locally and show up for independent stores in their communities. The day is celebrated on the first Saturday of December, so this year it falls […]
Tackling inflation: How your small business can face rising costs head on
With inflation rising and a concern for many small businesses, this article from FSB looks at the different ways you can lessen the impact, from business planning to accessing finance. In the UK, small businesses and the self-employed are showing admirable resolve. In true British spirit, millions across the country continue to power on against […]
Bookkeeping when you’re a sole trader
What’s the difference between bookkeeping and accounting? If you’re already one of the 3.1 million sole traders in the UK, you’ll know there’s a pretty overwhelming you need to learn and do as a business owner. When you work for yourself, you’re often juggling multiple hats which is why bookkeeping is often a task that many […]
Why starting a business in a recession isn’t as crazy as you think
In an ideal situation, entrepreneurs would start their business just as the economic outlook turns sunny and consumers are throwing money around, desperate to spend. Sadly, the UK economy has not been ideal for some time now. Since 2008, the markets have navigated fallout from two general elections, Brexit, and the COVID-19 pandemic. Many businesses […]
What will a UK version of GDPR look like?
New UK version of GDPR must have at its core a commitment to lower costs and compliance issues for small businesses, says Federation of Small Businesses Click to Read Article
Red tape cut for thousands of growing businesses
Thousands of the UK’s fastest-growing businesses will be released from reporting requirements and other regulations in the future, as part of plans aimed at boosting productivity and supercharging growth, Prime Minister Liz Truss announced earlier today (Sunday 2 October). more businesses to be categorised as small businesses, meaning less red tape move will potentially exempt […]
33,000 new loans for small businesses
An £884 million loan scheme for new businesses is to be greatly expanded, delivering much needed finance to the UK’s array of innovative start-ups, the Business Secretary Jacob Rees-Mogg has announced. The Business Secretary has widened eligibility of Start Up Loans scheme to businesses trading for up to 3 years. Click to Read Article
Mini Budget – what it means for small businesses
A mini Budget is taking place on Friday September 23. Chancellor Kwasi Kwarteng is expected to make an announcement to give emergency help on the cost of living – and the cost of doing business – crises. Click to Read Article
Digital platforms top traditional banks on service
Digital banking platforms are still relatively new to the market but are gaining the trust of small and medium-sized businesses. SME survey results show that digital banking platforms continue to outperform their high street counterparts when it comes to service. Click to Read Article