According to new research by the CBI and international technology and consulting firm, IBM, a digital divide is opening up across the British Economy. Just over half of “pioneer” firms are adopting digital technologies, while the other half are falling behind.
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Small Business News
Yesterday’s announcement by the Electoral Commission saw ‘Vote Leave’ and ‘Britain Stronger in Europe’ designated as the two official LEAVE and REMAIN EU referendum campaign groups.
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From April 2017, 600,000 small firms will not have to pay business rates, while some 250,000 will pay less in business rates. Osborne said that the 600,000 small businesses relieved of paying business rates from next April would see an annual saving of nearly £6,000.
The Autumn Statement has become more of a ‘mini Budget’ in recent years, and this year’s event didn’t disappoint in terms of theatre. Here we look at the announcements which affect small businesses.
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The United Kingdom is buzzing with digital clusters in cities right across the country. These tech-focused entrepreneurs are creating ‘disruptive innovation’ that is the driving force of digital growth in the UK.
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From April 2016, dividends will be subject to a far more punitive tax regime. Now you have the chance to sign an online petition urging the Government to reconsider the new rules.
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The Chancellor delivered an ambitious Budget today, announcing tax changes which will impact almost all small business owners and entrepreneurs. Here, we look at the main points.
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On Wednesday, George Osborne will deliver his ‘Summer Budget’. We look at how small business owners in particular may be affected.
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An interesting new study has found that you are far more likely to survive your first year in business if you start up in the UK.
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As another tax year begins, we look at the new business / personal tax measures and rate changes that have come into effect this month.
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Entrepreneurs’ Relief provides company owners with a preferential tax rate on qualifying disposals of business assets they have built up. The rules have been tightened following an announcement in the Budget, after evidence that the relief has been increasingly used as a ‘tax planning’ vehicle by non-entrepreneurs.
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During Budget 2015, the Chancellor failed to provide clarity for business owners over the future of the Annual Investment Allowance . They may have to wait until the end of 2015 to discover whether or not the current £500,000 level is going to be maintained.
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Here are the main announcements from Budget 2015, with a particular focus on measures which affect small businesses and company directors.
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With just days to go before George Osborne delivers his pre-election Budget, we look at the changes two of the UK’s leading tax experts expect the Chancellor to announce.
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If you’re a company director, or self-employed, you must submit your Self Assessment Tax Return (SATR) by 31st January to avoid any penalties. Most excuses for late delivery are rejected. With this in mind, HMRC has revealed some of the most pathetic excuses used by taxpayers who’ve missed the deadline in the past.
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The number of programmes aimed at investing in start-up businesses has more than doubled over the past three years, following the success of US-based business accelerator schemes, which produced the likes of Dropbox and Airbnb.
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The Autumn Statement didn’t contain any headline-grabbing concessions for business owners – and it wasn’t expected to. However, there were some interesting announcements made, including a shake-up of the business rates regime. Here, we summarise the main points from the Chancellor’s speech on Wednesday.
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The number of UK businesses has reached a record 5.2m, with 330,000 new businesses formed over the past year alone, thanks mainly to record numbers of people leaving traditional employment and becoming self-employed.
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In a compromise agreement, the Government is to water down the ‘Patent Box’ scheme, which provides tax incentives to companies who can attribute profits to patents and other types of intellectual property.
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Employers should be aware of a recent Employment Appeal Tribunal ruling which means that regular overtime must be included when calculating the holiday pay entitlement of employees. An HR expert examines the likely implications for business owners.
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