An introduction to VAT

This article looks at VAT for beginners including rates and schemes If you’re expecting your turnover to exceed £82,000 this year, then you’re probably having mixed feelings. On the one hand reaching this figure, the VAT registration threshold, is a sign of success. Many consider this a moment when their fledgling venture can truly be[…]

Your money: Pension reforms explained

It’s been over a year since the Chancellor first announced reforms to how people can access their pension savings. We look at what you need to know about the changes: Flexibility in retirement From this April, people aged over 55 will be able to take their defined contribution pension funds in multiple cash lump sums.[…]

Boosting small business productivity

Small businesses in the UK continue to be less productive compared to other countries, according to a report by the All Parliamentary Small Business Group. The group’s findings complement recent research by the Federation of Small Businesses that shows that UK productivity levels are 17% lower than the average across the G7. The parliamentary group[…]

SMEs in profit at 2007 levels

The number of small businesses that reported profits over the last 12 months has returned to 2007 levels, according to the government’s Small Business Survey. The annual survey conducted by the Department for Business, Innovation and Skills showed that 78% of businesses reported making a profit or surplus this year, with 40% saying their turnover[…]