NEWS

The latest from Balance for Business

SMEs concerned over post-Brexit funding options

SMEs in Britain are increasingly concerned over their ability to gain funding in the run up to Brexit, according to a study commissioned by insurer Hiscox. Of the 500 businesses surveyed, 38% had accessed EU funding in the last five years and many of these expressed concerns that “recent economic and political uncertainty has adversely […]

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Takeover Panel to Follow up Acquisition Promises

Britain has long prided itself on its model of laissez-faire capitalism and openness to takeovers. But it is a system that has been widely abused by unscrupulous domestic buyers such as Dominic Chappell and Retail Acquisitions, who took BHS off the hands of Sir Philip Green, and global companies such as Kraft (now Mondelez) which […]

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The ten best books for entrepreneurs every ambitious founder needs to read

To help readers tap into some of the greatest business minds, we’ve brought together ten of the best books for entrepreneurs that continue to inspire and educate future generations of business leaders. The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It Bill Gates: A Biography For full article click here

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How landlords can help lower the impact of the staircase tax

Business owners impacted by the government’s unpopular staircase tax could be helped by landlords to reduce future liabilities, according to one UK business rates expert. According to Martin Cook, the head of rates and lease advisory at KWB, a West Midlands-based commercial property agency, landlords could change leases to include common office areas, such as […]

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SMEs must start reaping R&D benefits

Tom Byng of MHA MacIntyre Hudson says more SMEs need to start reaping the benefits of R&D tax relief. Over the last year, HMRC has given out £2.9bn across a range of industries, with around half of this claimed by SMEs. However, although the number of claims has risen by 19%, this is still less […]

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FCA demands justice for small firms

The head of the Financial Conduct Authority has said that small firms are unable to obtain justice in their complaints against banks, and the system needs an urgent overhaul. Andrew Bailey wants politicians to set up a new independent process to deal with disputes between firms and lenders. Mr Bailey told the Mail on Sunday: “For […]

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HMRC targets small businesses in tax avoidance crackdown

Small business owners have been urged to improve their record keeping, as a new report reveals HMRC has tightened its grip on tax avoidance by increasing investigations into the UK’s smallest firms. Research from accounting group UHY Hacker Young revealed HMRC collected an additional £474m in corporation tax from small business owners as a result of investigations in […]

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FCA refers pension consultants to CMA in landmark decision

The FCA has recommended that the Competition and Markets Authority launch an investigation into investment consultancy services after raising “serious concerns” about whether trustees are getting good quality advice. The FCA has today made a Market Investigation Reference, the first time that the FCA has made such a reference to the CMA. The regulator has […]

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CPI inflation rises to 2.9%

The Consumer Prices Index 12-month inflation rate rose to 2.9% in August, up from 2.6% in July, according to the latest ONS data. CPIH, which the ONS are now using as their headline measure and which includes owner occupiers’ housing costs, rose from 2.6% in July to 2.7%. More : Inflation concerns hit 43-month high: Lloyds […]

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Accountants ease uncertainty for small businesses

ACCA chief executive Helen Brand says political and economic uncertainty means small businesses are increasingly reliant on accountants. Recent research from the International Federation of Accountants indicates that small and medium sized accountancy practices remain small businesses’ most trusted advisers. And research by the FSB has found that half of small firms in the UK […]

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