Business Advice
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Protecting your business for key personnel loss
Research has found that 55 per cent of businesses believe they would cease trading as a result of the long-term incapacity, illness or death of a key employee. However, only one in five companies has key person insurance in place… Read more Protecting your business for key personnel loss
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Forgetting to invoice costs SMEs billions
The UK’s small and medium sized enterprises (SMEs) could be losing up to £3.7 billion as a result of poor internal systems and financial accounting, according to a recent survey by business software provider Exact. Some SMEs admit to failing… Read more Forgetting to invoice costs SMEs billions
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Micro-business accounting rules relaxed
The UK’s 1.5 million micro businesses will now be able to prepare and publish much-reduced financial statements, as the Government’s drive to reduce the red-tape burden on businesses continues. A micro business has: a balance sheet total of no more… Read more Micro-business accounting rules relaxed
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Top tips for securing business finance
New guidance for businesses on securing bank finance has been released by two leading membership organisations from the business and banking sectors. The Federation of Small Businesses (FSB) and the British Bankers’ Association (BBA) joined forces as part of Small… Read more Top tips for securing business finance
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Regulation and rate changes
Most new regulations affecting businesses come into force on ‘common commencement dates’ in April and October each year. The Government’s commitment to reducing the regulatory burden on businesses is being enforced with three key ideas: 1. One-in-One-OutDepartments and ministers have… Read more Regulation and rate changes
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Customer data rights awareness
Under the Data Protection Act, any business, organisation or sole trader handling personal individual information has a legal obligation to protect this data. According to the Information Commissioner’s Office (ICO), consumers are showing an increasing awareness of how their data… Read more Customer data rights awareness
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Business red tape: cuts and new regulations
Published twice a year, the Government’s Statement of New Regulations details all regulations – including EU measures – due to come into effect over the following six months. As part of the Government’s ongoing drive to reduce the red tape… Read more Business red tape: cuts and new regulations
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Starting in business
Around 400,000 businesses start up every year. It is estimated that around one third of these cease trading within the first three years. But new business owners do not set out to fail. So what steps can you take to… Read more Starting in business
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Is lack of technology holding your business back?
Research from the Federation of Small Businesses (FSB) has revealed that small businesses are spending an average of £3,500 a year on technology in a bid to grow and create jobs. Of the 2,200 people surveyed: 85 per cent identified… Read more Is lack of technology holding your business back?
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Employee share buy-back rules relaxed
Evidence suggests that employee-owned businesses – those in which members of staff own a stake (often in the form of shares) in the business – are likely to show increased productivity and, as a result, increased profitability compared with those… Read more Employee share buy-back rules relaxed