Business Finances Archive

  • Business Insurance

    What insurance do new startup businesses need?

    When starting a new business people tend to focus on the positives. They think about how good their idea is, how much money they are going to make and what they are going to spend it all on. They may not think about what they...

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  • The Growth in UK Peer 2 Peer Lending.

    Crowdfunding and Alternative Finance Going Mainstream

    There were two news items of interest today for small businesses seeking funding. The first was an update from The Office of Fair Trading (OFT) on their investigation into business banking in which they indicate that the big high street banks may be hindering rather...

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  • National Insurance Tax Allowance

    How to save £2,000 in tax for your business

    The Chancellor is going to be writing to all small businesses and charities in April to tell them about a new tax allowance. They will be able to claim a £2,000 allowance on Class 1 National Insurance contributions. Basically this means that if you employ...

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  • Small Business Bank Lending

    Banks and Small Businesses Out of Sync on Lending?

    The latest figures from the Bank of England show that the availability of loans and finance to small business increased during 2013. However they also show that the demand for this finance from small businesses is flat or decreasing. Since the financial crash and credit...

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  • Alternative Business Lending

    The Changing Face of Start-up Funding

    Getting funding is one of the biggest challenges for start-ups and small businesses. Traditionally a bank loan would help new businesses get off the ground or fund their growth. However since the financial crisis hit in 2008 the banks have been increasingly reluctant to lend....

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  • Regional Growth Fund for SMEs

    What is the Regional Growth Fund?

    The Regional Growth Fund (RGF) is designed to provide money to SMEs who cannot access funding from other sources. The money comes from central government but is partly distributed by around 100 regional and national partners. These vary from big banks to local councils and...

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  • Make your donations count with Gift Aid

    New Changes to Charity Gift Aid Rules

    On the 3rd of July 2013 the Government announced reforms to the Gift Aid rules. Gift Aid is a way for charities to claim back the tax on donations made by eligible donors. Though the Treasury reported that “last year over £1 billion was paid...

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  • Balancing Income and Expenses

    Simplified Expenses for Sole Traders

    The second part of HMRC’s new Simpler Income Tax scheme is Simplified Expenses. It aims to make the way unincorporated businesses (sole traders and partnerships) work out their businesses expenses more straight forward. Though the practical application of the process is as the name suggests...

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  • Changes for simpler income tax

    Income Tax Changes for Sole Traders

    The Government have introduced yet another change at HMRC which affects small businesses. Unlike most of the new schemes, using Simpler Income Tax is optional, and small businesses that qualify can choose whether or not to use it. There are two parts to Simpler Income...

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  • Funding for Startups and Small Businesses

    Funding for Lending Extended and Expanded

    Funding for Lending is the latest in a series of government initiatives to get the banks to lend to small businesses. As we have reported before, serious doubts have been raised about the effectiveness of this scheme, with the Bank of England reporting that it...

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  • Customer Testimonial

    I have just started up my own company ... I have had many queries, you answered all my questions, whilst being really helpful and professional.

    Richard


    We are happy with all business we have conducted with you and are quite happy to recommend you on what you have done and assistance you given us up to date.

    Stephen


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