Umar Memon
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Business planning overlooked by SMEs
A third of small and medium-sized business owners are operating without a business plan, according to research by Close Brothers Asset Finance. The survey found that 29% of SMEs do not have a business plan, with 43% of these claiming… Read more Business planning overlooked by SMEs
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Deregulation tops small firms’ priority list
More than half of small business owners want the new Conservative government to prioritise reducing regulation, a survey by the Federation of Small Businesses (FSB) has revealed. The poll of more than 2,300 FSB members found that 53% believe that… Read more Deregulation tops small firms’ priority list
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Setting targets and forecasting
A guide to choosing, measuring and using targets in your business As exhilarating as it may be to set off on an adventure without a plan, any explorer, sailor or business owner will tell you that not knowing where you… Read more Setting targets and forecasting
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Estate planning
An overview of things to consider when planning how to pass on your wealth What you are going to leave behind you at the end of your life is something that everyone needs to think about seriously at some point.… Read more Estate planning
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Your Money: Savers diversify to fund retirement
Retirees plan to use a mix of assets such as pensions, cash ISAs and savings to fund their retirement, according to a survey by YouGov commissioned by Friends Life. The survey polled 7,000 people across the UK and found that… Read more Your Money: Savers diversify to fund retirement
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Small Business Act becomes law
A range of measures aimed at supporting small businesses have become law after the Small Business, Enterprise and Employment Act gained royal assent. The act is designed to help small businesses by improving access to finance, combating late payment and… Read more Small Business Act becomes law
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Auto-enrolment exemptions introduced
Employers will no longer need to auto-enrol employees in certain circumstances after regulatory changes were introduced in April 2015. From 1 April 2015, the following types of employee will not need to be auto-enrolled: individuals who are leaving employment those… Read more Auto-enrolment exemptions introduced
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Businesses delay capital investment
Almost two thirds of UK businesses generated a cash surplus in the last tax year, according to research by the Institute of Chartered Accountants in England and Wales (ICAEW). The survey of 500 businesses found that 62% made a cash… Read more Businesses delay capital investment
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NICs Abolished for Under 21s
Back in the 2013 Autumn Statement it was announced that from April 2015 there would be no employer National Insurance Contributions (NICs) due on earnings up to the upper earnings limit for all employees under the age of 21. This… Read more NICs Abolished for Under 21s
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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… Read more An introduction to VAT