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The latest from Balance for Business

Collapse in business rate appeals is a ‘disaster’ for small companies

The number of official appeals against business rates has collapsed since the introduction of reforms branded “disastrous” by representatives of small companies. The “check, challenge and appeal” system for making an appeal against the contentious bills has made it nearly impossible to challenge calculations that may be incorrect, businesses claim. For full article CLICK HERE

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Nearly one million innocent people wrongly chased by HMRC for late tax

Tax inspectors have been trying to fine up to one million innocent people hundreds of pounds each for late tax returns, The Sunday Telegraph can disclose. HM Revenue Customs said that 963,000 taxpayers were found to be unnecessarily registered for self-assessment (SA) in the past two years and have now been taken out of the […]

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Small businesses gain millions in finance through HM Treasury’s Bank Referral Scheme

Alternative Business Funding (ABF) has been announced as the next platform to join the scheme, which has helped 230 companies gain alternative finance. Her Majesty’s Treasury has today announced that 230 start-ups and small businesses who were previously rejected for loans have now secured them through the Bank Referral Scheme – with these companies gaining […]

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Osborne loan scheme for small businesses has ‘dismal’ start

A campaign to boost competition in small business lending helped only 230 companies in its first nine months. The scheme, which obliges nine of the UK’s biggest banks to refer companies rejected for loans to alternative lenders, resulted in less than £4 million of finance being provided. Fewer than 3 per cent of the 8,100 […]

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Aldermore gets profit boost from small businesses and landlords

Challenger bank Aldermore saw its profits shoot up in the first half as demand for fresh funding increased among Britain’s homeowners, landlords and small businesses. The bank, set up by former Barclays’ executive Phillip Monks in 2009, approved £1.6bn new customer loans in the six months to June 30, a rise of 10pc on a year ago, while mortgage lending […]

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Marketing analytics start-up DeepCrawl raises £1.75m of Series A

The London-based start-up will use the funds to drive recruitment and help add to its growing global customer base Marketing analytics and web crawler start-up DeepCrawl has raised £1.75m of Series A funding, in a round led by Beringea. The transatlantic venture capital firm pumped £1.5m into the London start-up, with a series of high net worth […]

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Housing market lull ‘spreads from London’

A slowdown in the housing market is spreading from London to other parts of the South East of England, surveyors suggest. While the region is pulling down activity and average price growth in the UK, other areas saw price rises. The Royal Institution of Chartered Surveyors (Rics) said Northern Ireland, the West Midlands and the […]

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Medium-sized businesses hit hardest by late payments

Late payments represent a huge challenge for medium-sized companies with 94% of them reporting that the issue is causing them cash flow problems, according to a new report. The business finance provider Ultimate Finance conducted research in partnership with BDRC Continental into the impact of late payments in the SME sector. The survey’s findings included: […]

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Cash a thing of the past for 62 per cent of UK SMEs

The AA launches into the card payments market today to deliver a better deal to the 62 per cent of SMEs that are reliant on card terminals but experience problems, and the 26 per cent that have difficulty managing payments with cash. The AA’s move comes at a time when the majority of SMEs (62 […]

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