Business owners are using new technology to help their employees to work remotely, driving down fixed costs which may be better used elsewhere. He we look at how collaboration apps can save you time and money.
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Small Business News
A new study has found that most potential investors in small businesses projects are completely unaware that they can take advantage of a range of Government-backed tax relief schemes.
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Why did you decide to set up your own company, rather than become a sole trader? A new piece of research from HMRC, based on interviews with 1,000 small business owners, shows what motivated people to incorporate – and what their priorities were before and after they started trading.
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In recognition of the rapidly changing face of UK employment, the Government says it will implement new legislation to encourage business owners who start up from home, including protection for those working from rented accommodation.
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A new study by the IPPR think tank shows that the proportion of people working for themselves is growing at a faster rate than anywhere else in Western Europe.
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From early 2015, you will be able to download information from Companies House free of charge, making the UK register company data more transparent, and saving searchers millions in fees.
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Some top entrepreneurs will be on hand to share the secrets of their success with ambitious start-up owners at the Business Accelerator Conference, which takes place in London in September.
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According to the latest Government data, over 46,000 individuals have set up their own businesses via the New Enterprise Allowance, which provides mentoring and financial support to people on benefits who want to become their own boss.
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An interesting report, Second Generation Family SMEs in the UK, has been released by Barclays and the CEBR. It shows that the number of businesses being passed down the generations has fallen by almost 140,000 since 2007, but despite this, 40% of under 35’s would start up with a family member.
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Following news that HMRC repaid nearly £5bn in Corporation Tax receipts to companies last year, a leading accountancy firm has urged companies to check to see if they are due a refund following a profits shortfall.
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A controversial new Government proposal – the Direct Recovery of Debts (DRD) – could soon empower HMRC with the ability to recover debts directly from the bank accounts of businesses and individuals who have refused to settle their tax liabilities.
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A leading accountancy firm says that almost half the automatic VAT late filing penalties levied by HMRC last year were overturned upon review, and that the taxman’s systems are automatically weighted against businesses – with fines being imposed regardless of circumstances.
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Is the rise in self-employment in recent years due to a lack of traditional work opportunities, or has a structural change taken place in the economy? A new report by the Resolution Foundation aims to provide the answer.
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More and more industry experts are warning SMEs that they should be taking time to prepare for pension ‘auto-enrolment’. Most firms will have to enrol their employees into a pension scheme, and make contributions, unless the staff member decides to opt out.
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Following a public consultation, the Government is to relax the current statutory requirement for all companies to file an Annual Return with Companies House, replacing it with a more flexible system to ensure all registry details are accurate.
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A new survey asked almost 500 people (most of whom are currently running their own small businesses) why they decided to make the move from traditional work into self-employment, and what they’d do differently if they had the chance to start up all over again.
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Following the start of the 2014/15 tax year, we’ve updated our ‘Tax Tables’ section with the latest rates, tax bands and allowances.
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A range of business tax cuts and incentives come into effect this week, in what the Government calls the “biggest cuts to personal and business taxes for two decades and the most important in a generation.”
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A leading freelancers’ organisation says that the Government has backed down over plans to ‘name and shame’ large firms who fail to pay small businesses on time.
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A new free Early Conciliation service from Acas will provide both business owners and their employees with a way to resolve potential employment disputes without the need to resort to legal action or incur significant costs.
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