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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:

Britain faces ‘a business support black hole’ post-Brexit, according to the FSB - June 19, 2017
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A new study from the Federation of Small Businesses (FSB) has indicated that the UK’s army of small firms will face a funding shortfall of around £3.6 billion by 2021 as a result of the UK’s withdrawal from the EU. According to the FSB’s data, around eight out of 10 SMEs have tried to access … Continue reading Britain faces ‘a business support black hole’ post-Brexit, according to the FSB


The Big Squeeze – Pay and consumer spending to slow down - June 19, 2017
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With inflation hovering around 2.7 per cent, many businesses are facing a period of higher costs and reduced consumer spending – a trend which could see average pay rises this year hit just one per cent, according to the Chartered Institute of Personnel and Development (CIPD). In its latest report, the CIPD said that this … Continue reading The Big Squeeze – Pay and consumer spending to slow down


Software that makes you WannaCry – The importance of cyber security - June 19, 2017
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Last month more than 200,000 computers in 150 countries were infected during the WannaCry ransomware attack, including the systems of a number of NHS trusts. This cyber-attack caused mass hysteria and crippled a number of businesses and organisations – often highlighting the vulnerability of some of the world’s largest IT systems. Through their actions the … Continue reading Software that makes you WannaCry – The importance of cyber security


New civil penalty notices are now in effect for residential landlords - May 25, 2017
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A range of provisions which allow civil penalties to be levied against residential landlords who commit offences under the Housing Act 2004 came into effect last month. Local authorities are now empowered to levy fines of up to £30,000 against landlords for offences including failing to comply with an improvement notice, breaches of HMO licensing, … Continue reading New civil penalty notices are now in effect for residential landlords


Could you benefit from Tax-Free Childcare? - May 25, 2017
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Last month saw a scheme which has the potential to offer major savings on childcare costs start to be phased in. Tax-Free Childcare will be open to working families – defined as couples or individuals who are each expected to earn on average at least £120 per week – including self-employed workers. Under the scheme, … Continue reading Could you benefit from Tax-Free Childcare?


Take advantage of loan funding opportunities – Start Up Loans - May 11, 2017
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Are you a new start up or early stage business trading for less than two years? This fund provides loans of up to £25,000 per director/partner of a new start or early stage business. As well as financial backing, all loan recipients are given access to a mentor, free training and exclusive business offers. To … Continue reading Take advantage of loan funding opportunities – Start Up Loans


Businesses are more buoyant, says the Bank of England - April 20, 2017
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New research from the Bank of England has shown that Britain’s businesses are feeling more confident and are planning to invest more in the months ahead. According to the Bank’s most recent Agents’ Summary of Business Conditions, investment in research and development, renewable energy and automation is likely to increase later this year, despite fears … Continue reading Businesses are more buoyant, says the Bank of England


Warning over unexpected late payment notices in relation to now-liquidated companies - April 20, 2017
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A number of prominent UK collection agencies appear to be closely monitoring liquidations and issuing some businesses and individuals who have purchased goods and services from now-liquidated companies with unexpected payment notices. In some cases, such notices may demand interest and compensation on invoices backdated as far as six years. It would appear that such … Continue reading Warning over unexpected late payment notices in relation to now-liquidated companies


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


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