NEWS

The latest from Balance for Business

MTD could boost SME revenues

A new study suggests that Making Tax Digital (MTD) could lead to a boost for revenues and net gains in turnover for small firms. The Productivity Payout: UK Small Businesses and the Digital Economy report, by economic consultancy Volterra Partners and Intuit QuickBooks, suggests that MTD could deliver small businesses a £57bn productivity payout over five years by […]

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New body officially named

The Single Financial Guidance Body has been officially named the Money and Pensions Service. The organisation brings together the services currently delivered by the Money Advice Service, the Pensions Advisory Service and Pension Wise. The amendments were laid before Parliament today and the body, under its new name, is expected to launch to market at […]

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HMRC reveals top 10 tax prosecutions of 2018

For Britain’s tax fugitives, 2018 was not a great year. HMRC investigators ramped up their chase of the country’s most-wanted, while the tax office handed out strong sentences to those convicted. According to Mel Stride, financial secretary to the Treasury, HMRC upped its chase of those “who would cheat the public revenue”. HMRC has now […]

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HMRC publishes no-deal Brexit checklist to keep businesses trading with EU

HMRC has published a three-point checklist to support importers and exporters in the result of a “no-deal” Brexit. The tax office is urging business owners to make the right preparations to ensure they can continue trading in and out of Europe. “We want businesses to be able to continue trading with minimal disruption in any […]

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What are the main types of intellectual property?

For entrepreneurs with a unique idea, understanding the different types of intellectual property is the first step in making money from it. David Walker, founder of Grid Law, provides a comprehensive overview of patents, registered designs, trademarks and copyright. Origins of intellectual property The oldest form of intellectual property rights are thought to be patents and […]

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How can I combine the assets and IP of my 3 companies into a single business?

As the director of multiple companies, combining your assets into a single firm could reduce costs and admin. Grid Law founder David Walker guides a reader through the process of transferring intellectual property from three separate companies into a single entity. QUESTION  I am an avid reader of your newsletter and thoroughly enjoy the content shared on […]

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One month left before VAT goes digital

Almost 1.2m businesses have one month to go before the introduction of Making Tax Digital (MTD) – a new way of submitting digital VAT returns. Nearly 30,000 businesses have already signed up to the new service and HMRC is urging any yet to do so to sign up now. Mel Stride, Financial Secretary to the […]

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7 distractions you need to eliminate from your presentations

Distractions are everywhere – billboards, advertisements, pop-up ads, posters and, of course, that gadget that over 60% of the world’s population owns. We live in an attention-hungry world, yet we only have so much attention to share, writes Hanieh Vidmar. When you’re on the stage, it’s no different. From before you get on the stage to […]

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Tech startups remain private for longer

Technology startups are remaining as private companies for longer due to the availability of capital from private equity and venture capital investors, expected to lead to a spate of high-value listings this year. The median age of venture capital-backed technology companies at the time of IPO has risen from 10.9 years in 2018 from 7.9 […]

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SMEs falling behind on innovation through tech

SMEs are divided in how important they believe new technology is to the future of their business and how much to invest in it, according to Collaborate UK – CitySprint’s sixth annual survey of over 1,000 SME decision makers. Over three-quarters of firms see investing in technological innovation as important, yet one in ten haven’t […]

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