Category: Businesses
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4 Cost-Effective Marketing Ideas Using Stickers for Businesses
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Every business aims to grow and become more profitable, but when your budget is limited, marketing can seem like a luxury rather than a necessity. But the truth is that effective marketing is actually a crucial tool to attract new customers and increase sales; So how can companies with small…
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Treasury’s bank referral scheme falls flat, securing loans for only 1 in 20 small businesses
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The Treasury’s bank referral scheme, which aims to increase access to finance for small businesses, has come under intense scrutiny after a recent audit revealed it secured loans for just one in twenty referred businesses. Under the scheme, nine major banks are required to refer small businesses that refuse loans…
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James Dyson condemns ‘spiteful’ inheritance tax in budget, warns of impact on family businesses
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Sir James Dyson has strongly criticized Chancellor Rachel Reeves’ latest Budget, describing the new inheritance tax policy as a “spiteful” move that threatens the future of family businesses in the UK. Under the changes, family-owned businesses and farms worth more than £1m will face a 20 per cent inheritance tax…
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James Dyson condemns ‘spiteful’ inheritance tax in budget, warns of impact on family businesses
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Sir James Dyson has strongly criticized Chancellor Rachel Reeves’ latest Budget, describing the new inheritance tax policy as a “spiteful” move that threatens the future of family businesses in the UK. Under the changes, family-owned businesses and farms worth more than £1m will face a 20 per cent inheritance tax…
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Family businesses face new inheritance tax burden as relief cut to 50%
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In a major shift affecting family-owned businesses, the Chancellor of the Exchequer has announced that the Business Property Relief (BPR) will be reduced to 50% from April 2026, exposing thousands of family businesses to inheritance tax for the first time in decades. Although business assets were previously exempt, they will…
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£40bn tax hike through NIC and Capital Gains Tax leaves businesses on edge
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In her first Budget, Chancellor Rachel Reeves introduced £40bn in tax rises, largely focused on increasing National Insurance contributions for employers and implementing a temporary repatriation facility for non-resident individuals. According to Nimesh Shah, CEO of Blake Rotenberg, while pre-Budget rumors pointed to sweeping tax changes, the actual announcements were…
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Financial Planning for Small Businesses: Avoiding Common Mistakes
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Running a small business is both rewarding and exciting; It can also be very challenging on many levels. It is important that its finances are closely monitored. What are some of the most common mistakes to avoid when creating a small business financial plan? Common mistakes to avoid when creating…
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Financial Planning for Small Businesses: Avoiding Common Mistakes
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Running a small business is both rewarding and exciting; It can also be very challenging on many levels. It is important that its finances are closely monitored. What are some of the most common mistakes to avoid when creating a small business financial plan? Common mistakes to avoid when creating…
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The Impact of the Online Safety Act on UK Businesses
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Introduced to address growing concerns about the safety of internet users – particularly children and vulnerable groups, the Online Safety Act (OSA) represents a major shift in the regulatory landscape for companies operating online platforms in the UK. Passed in October 2023 and being implemented gradually, it introduced a wide…
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One-third of UK businesses urge government to cut Brexit red tape
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Nearly a third of UK businesses are urging the government to reduce regulation and red tape after Brexit to support British trade, according to a survey by Santander Bank. The survey reveals that although there is a growing sense of optimism among SMEs, many are calling for action to ease…
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South East leads in bank loans to small businesses as other UK regions lag behind
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Small businesses in south-east England are benefiting from a strong rebound in bank lending, leaving the rest of the UK behind, according to new research by the British Business Bank. Lending to businesses in the region has surged, leading to a 21% increase in approved loans and overdrafts across the…
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Record number of UK businesses at risk of collapse ahead of critical autumn budget
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A record number of UK businesses are facing major financial distress, highlighting the parlous state of the economy as Chancellor Rachel Reeves prepares to unveil her first Budget on October 30. A report by insolvency specialists Bigbys Traynor revealed that 632,756 businesses were at high risk of failing in the…
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Record number of UK businesses at risk of collapse ahead of critical autumn budget
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A record number of UK businesses are facing major financial distress, highlighting the parlous state of the economy as Chancellor Rachel Reeves prepares to unveil her first Budget on October 30. A report by insolvency specialists Bigbys Traynor revealed that 632,756 businesses were at high risk of failing in the…
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What businesses need to know
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Following the general elections, the new government committed to publishing its proposals for labor law reform within 100 days. With just a few days to go, the upcoming Employment Rights Bill of 10 October 2024 has been published. It is described as the biggest upgrade to rights at work for…
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Why Is Generative AI No Longer a Luxury but a Necessity for Modern Businesses?
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Artificial intelligence (AI) is commonly mentioned these days, as it is rapidly moving from a cutting-edge luxury to an indispensable necessity. Among the various branches of AI, generative AI has emerged as a game-changer, revolutionizing how companies operate, innovate and compete. However, not every company knows how to implement it…
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American Express pledges £100,000 in grants to support small businesses through champion small initiative
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American Express has announced a £100,000 pledge to support small businesses across the UK through the Champion Small initiative, a key part of the company’s Shop Small campaign this fall. Ten independent businesses will each receive a £10,000 grant, which can be used for various growth-related activities such as purchasing…
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Businesses backed by private equity face heightened default risks, warns Bank of England
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The Bank of England has warned that companies owned or backed by private equity firms are at greater risk of default than other large companies. According to new research, these companies are more vulnerable to financial instability, especially when compared to companies that rely primarily on traditional lenders such as…
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Government targets large firms in crackdown on late payments to small businesses
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The UK government is set to introduce new measures aimed at tackling the problem of late payments by large companies to small businesses, which contributes to the collapse of 50,000 small and medium-sized businesses every year. On average, late payments cost small businesses £22,000 a year, according to research by…
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Why all B2B Businesses should embrace digital payments
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With so many payment methods, both in-store and online, consumers now expect this level of choice in every aspect of their lives – and we’ve seen B2C companies adapt and meet this. But this level of adaptation cannot be said so quickly about the B2B sector, which has been slower…
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Why all B2B Businesses should embrace digital payments
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With so many payment methods, both in-store and online, consumers now expect this level of choice in every aspect of their lives – and we’ve seen B2C companies adapt and meet this. But this level of adaptation cannot be said so quickly about the B2B sector, which has been slower…