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Business News

From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:

New late payment regulations to come into force - March 10, 2017
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On 6 April 2017 new rules will come into force that will require large Limited Liability Partnerships (LLPs) and large companies to publish reports on their payment practices. The Limited Liability Partnerships (Reporting on Payment Practices and Performance) Regulations 2017 and The Reporting on Payment Practices and Performance Regulation 2017 will require these businesses to report specific information online … Continue reading New late payment regulations to come into force


Reminder: Payroll changes ahead - March 10, 2017
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From 1 April 2017, the statutory wage for employees in the UK is to increase. The change will mean that those aged 25 and over in receipt of the National Living Wage will see their hourly rate increase from £7.20 to £7.50. Meanwhile, workers aged 21–24 will also see an increase of 10p from £6.95 … Continue reading Reminder: Payroll changes ahead


Business rates are a “ticking time bomb” - March 10, 2017
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In April 2017, businesses are expecting to receive the first indication of their new business rates following the latest revaluation. Although many businesses are expecting small falls in business rates, around a third are expecting very sharp rises. Around a fifth of these, mainly located in the South East where property prices are higher, are … Continue reading Business rates are a “ticking time bomb”


Take advantage of grant funding opportunities – Grants4Growth - March 10, 2017
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Are you an SME within the Greater Lincolnshire Local Enterprise Partnership area who are investment ready? Grants4Grwoth provides practical help and financial assistance to help reduce costs and increase competitiveness and resilience. Capital grants are available up to a maximum of 28% of eligible project costs to help your business grow, create jobs and improve … Continue reading Take advantage of grant funding opportunities – Grants4Growth


Spring Budget 2017 - March 8, 2017
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Various rumours were swirling around Westminster in the days before Philip Hammond rose to deliver his first Budget – confirmed as the last time a major fiscal statement will be made in the spring. The Chancellor, still scarcely nine months in the job, has a reputation as a cautious man and in advance many expected … Continue reading Spring Budget 2017


Take advantage of grant funding opportunities – Business Energy & Efficiency Fund - February 22, 2017
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Are you interested in making your business more energy efficient?  If so, this programme can provide one-to-one tailored and impartial energy efficiency support/facilitation and discretionary grants to catalyse investment in energy efficiencies initiatives. The fund provides support and grants to small businesses to help catalyse investment in energy efficiency initiatives, to reduce carbon emissions and … Continue reading Take advantage of grant funding opportunities – Business Energy & Efficiency Fund


Small firms to be helped with bank switching - February 10, 2017
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The UK’s large army of small businesses will soon be able to switch their accounts between banks more easily, following changes to bank competition rules. The Bacs Payment Scheme, the organisation responsible for the majority of the UK’s automated payments, has agreed to implement a number of improvements to make the retail banking market more … Continue reading Small firms to be helped with bank switching


Businesses encouraged to cash-in older currency - February 10, 2017
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From 5 May 2017, the old paper £5 note will no longer be legal tender and may not be accepted in shops and could be refused by banks. After this date retailers and banks need only accept or swap old notes at their own discretion. The new ‘plastic’ notes are already widely in circulation, but … Continue reading Businesses encouraged to cash-in older currency


4.4 million extra people saving into workplace pensions - January 23, 2017
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The latest figures from the Department for Work and Pensions (DWP) show that since 2012, the number of people saving into a workplace pension has increased by 4.4 million. This means that by 2015 – the latest date for which data is available – nearly seven million people saved more than £82 billion in to … Continue reading 4.4 million extra people saving into workplace pensions


Economic growth looks set to slow - January 23, 2017
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Research by the British Chambers of Commerce (BCC) has revealed that economic growth across the whole of the UK is likely to continue to slowdown during 2017 and 2018. The BCC analysis of the state of the current economy and its future forecasts show that GDP growth for 2017 is likely to be around 1.1 … Continue reading Economic growth looks set to slow


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