RTI penalty delay for small businesses

Small businesses will be exempt from real-time information (RTI) late filing penalties until March 2015, HMRC has announced. HMRC will phase in quarterly penalties for late RTI returns by business size, starting with those who employ 50 or more staff on 6 October 2014. Businesses with 49 or fewer employees will have until 6 March[…]

Posted in Tax

Fewer SMEs using bank finance

The proportion of SMEs using traditional forms of finance fell in the second quarter of 2014, according to research by BDRC Continental. BDRC’s latest figures revealed that 30% of SMEs used ‘core’ finance – overdrafts, loans and credit cards – in Q2 2014 compared to 36% in the same period in 2012. The research found[…]

Record confidence among small businesses

Confidence among small businesses has reached record levels, research by the Federation of Small Businesses (FSB) has shown. The FSB survey revealed that small firms in all sectors improved their outlook for the fourth quarter of 2014. Personal services experienced the biggest increase in confidence during Q3, while the financial services sector remains the most[…]