With credit card interest rates at an all-time high, it can be difficult to get out from under a large cloud of debt. Interest takes a large bite out of each month’s payment; but what if it were possible to reduce the percentage of the payment that gets eaten up by interest?
Category: Finance
Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
New VAT risk to employee benefits
Businesses that fail to review their employee benefit packages or don’t look at the VAT implications for new benefits do so at their peril following a new approach introduced by the taxman, warns accountants James Cowper.
Minister leads call to change late payment culture
Business and Enterprise Minister Mark Prisk is today leading a call for businesses to work together and develop practical solutions in creating better cashflow management systems and changing the culture of late payments.
SMEs waste £7billion a year in unnecessary tax payments
Small businesses risk wasting £7billion this year – an average of £1,600 each – in unnecessary tax payments, according to a new report published today
ICAEW urges Chancellor to use Budget to encourage business investment
In a letter to the Chancellor ahead of this month’s Budget, ICAEW has asked for incentives that will encourage businesses to invest and help rebuild business confidence, essential to sustaining and accelerating the UK’s recovery from a year of slow growth.
SME owners join forces to call for ‘damaging’ 50p tax rate to be scrapped
The 50p higher rate of income tax is “damaging the economy” and delaying the recovery from recession, more than 500 entrepreneurs and business owners warn today.
Barclaycard launches cashback card for Small Businesses
Barclaycard Global Commercial Payments has announced that it has launched a new market leading cashback corporate card to help small business customers make the most of their business spending.
Warning to companies to meet PAYE deadlines
Companies are being urged to prepare now for the payroll year end to avoid strict penalties being imposed for the late submission of information.
£1 billion growth fund boost open for business looking to grow
At the Government’s National Manufacturing Summit being held at the Bristol & Bath Science Park today, Deputy Prime Minister Nick Clegg is set to announce that the government has provided an extra £1 billion for businesses seeking support to help them create new jobs and grow.
Ten growing SMEs named as finalists to win HSBCs £200,000 Business Growth Grant
Ten SMEs are in the running for a national HSBC business award that will help boost their UK expansion on a national or international scale. The ten finalists are from across Great Britain, with four receiving a £50,000 HSBC Business Growth Grants.
Big rise in the number of SMEs calling in debt recovery experts
An increasing number of SMEs are facing cash-flow problems with two thirds of debt recovery specialists having noticed a substantial rise in the number of small and medium sized businesses chasing large debts over the past 12 months.
Business owners are draining personal savings to help run firms
More business owners are resorting to drawing on their own personal savings to keep their businesses going compared to this time last year.
Businesses turn their backs on banks raising £2.3M through Crowd funding
One year since Exeter-based entrepreneurs Darren Westlake and Luke Lang launched Crowdcube, they claim to have helped business raise £2.3 million from investors – members of the public and high net worth individuals.
GoCardless launches new payment service to replace merchant accounts
GoCardless, the new service which allows you to collect money directly from your customers’ bank accounts has gone live providing a real, and cost effective, alternative to accepting credit and debit cards.
HMRC set to plug into electricians
Electricians could be in for a shock as they have moved to the top of the taxman’s targeted campaign list as the Electricians Tax Safe Plan (ETSP) will begin in February 2012 and give an opportunity for electricians and electrical fitters to come forward and declare unpaid tax.