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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:

Auto-enrolment to be expanded to younger workers, as minimum contributions rise - January 19, 2018
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The majority of businesses across the UK are making preparations to increase their minimum workplace pension contributions, having successfully enrolled more than 8.5 million staff into schemes. Auto-enrolment minimum contributions were due to rise in October 2017 under the original plans and then again in October 2018, but the Government took the decision to push … Continue reading Auto-enrolment to be expanded to younger workers, as minimum contributions rise


Businesses experiencing “live cyber attacks” urged to contact new 24-hour helpline - December 15, 2017
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Police crime watchdog Action Fraud has launched a new 24-hour cyber attack helpline to assist businesses as and when they experience hacks and data breaches. The new service, which encourages businesses to seek on-the-spot advice as soon as they spot the signs of a “live cyber attack,” has been launched following the publication of worrying … Continue reading Businesses experiencing “live cyber attacks” urged to contact new 24-hour helpline


SMEs risk losing out on Christmas income totalling £2bn if they don’t accept cards - December 15, 2017
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A new study has revealed that almost half of all shoppers will not spend money with a business this Christmas if it doesn’t provide facilities to pay by card. A study, commissioned by card machine provider Paymentsense, has found that 45 per cent of UK shoppers walk out of cash-only smaller retailers and independent outlets … Continue reading SMEs risk losing out on Christmas income totalling £2bn if they don’t accept cards


Business rates to switch from RPI to CPI, saving SMEs billions of pounds - December 15, 2017
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Businesses across the UK have welcomed the Chancellor’s decision to bring forward plans changing the way business rates are set by two years. In the Autumn Budget, Philip Hammond announced that from April 2018 business rates would rise in line with the Consumer Price Index (CPI) measure of inflation, not the Retail Price Index (RPI). … Continue reading Business rates to switch from RPI to CPI, saving SMEs billions of pounds


Chasing outstanding debts from an individual or sole trader - December 15, 2017
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Outstanding payments can be a major headache for SMEs as they can have a significant effect on cashflow and seeking payment can take up time that would be better spent on running the business. In fact, according to Bacs, the not-for-profit entity that runs the eponymous payment service, late payments cost UK SMEs more than … Continue reading Chasing outstanding debts from an individual or sole trader


Autumn Budget 2017 - November 22, 2017
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When Chancellor Philip Hammond stepped up to the despatch box, he would have been acutely aware of the pressure he was under. Some 24 hours before the Chancellor was due to open his famous red box, the Office for National Statistics (ONS) confirmed a wider deficit than anticipated for October. Ahead of the Budget, business … Continue reading Autumn Budget 2017


Cybersecurity failings are rife amongst UK SMEs - November 17, 2017
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UK-based SMEs are not doing enough to ensure the data they hold is secure, it has been reported. Findings from a newly-published report show that more than two out of three SMEs considered that there was room for improvement in protecting their business data, while four out of 10 questioned said they did not have … Continue reading Cybersecurity failings are rife amongst UK SMEs


Deadline to comply with new trusts rules extended until 2018 - November 17, 2017
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The deadline to register new trusts and estates under new rules has been extended until the start of 2018, following complaints that the original deadline was too ambitious, potentially leaving many unable to comply. Under the new rules, trusts and estates that have a tax liability are required to register with the HMRC trusts and … Continue reading Deadline to comply with new trusts rules extended until 2018


Britain’s small business economy is expected to grow nearly a fifth by 2025 - November 17, 2017
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The UK’s small business economy is expected to grow by nearly a fifth in total by 2025, but some areas are predicted to grow much quicker than others. The predictions result from a survey by Hampshire Bank Trust and the Centre for Economics and Business Research (CEBR). The CEBR research predicts that alongside the growth … Continue reading Britain’s small business economy is expected to grow nearly a fifth by 2025


Inaugural Autumn Budget date announced - October 17, 2017
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The Chancellor, Philip Hammond, has announced that the first Autumn Budget to take place since the set-piece statement’s move to the end of the year will be on Wednesday 22 November 2017. Mr Hammond announced at the Autumn Statement in 2016 that there would no longer be two major fiscal statements each year. This means … Continue reading Inaugural Autumn Budget date announced


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