The westward extension to London’s congestion charge zone, which came into force today, will harm many of the country’s SMEs, several industry groups have warned.From this morning (February 19th), Kensington, Chelsea, Knightsbridge, Notting Hill, Bayswater, Belgravia and Pimlico were all covered by the extended congestion charging zone and drivers wishing to motor through the areas […]
Posted on 19th February 2007 in Open to Export.
Self-employed owners of SMEs are generally confident about the up coming year, according to a new report.According to research carried out by Kensington Mortgages, nearly a third (32 per cent) of self-employed owners were "very confident" about their company’s progress in the next six months.Equally, nearly half (47 per cent) said they expected their SME’s […]
Posted on 17th February 2007 in General business.
SMEs are frustrated by the lack of information that is delivered by their current telephone systems, says a new report.Swyx, a leading provider of IP telecommunication solutions, questioned 120 SMEs to find out what were the most infuriating aspects of their current telephone systems.Nearly a third (31 per cent) said that not being able to […]
Posted on 16th February 2007 in Tech.
Employee lateness is costing companies, including SMEs, £66 million every year, according to new research.The data, which was gathered by Peninsula, showed that Monday was the most common day for people to turn up late, accounting for 65 per cent of all employee tardiness.Employees also admit that they often lie about the reason for their […]
Posted on 16th February 2007 in Regional News.
In a move that could potentially significantly increase costs for SMEs, new government proposals could make it the responsibility of businesses to keep their local streets clean and free of litter.The Department for Environment, Food and Rural Affairs (Defra) has begun consultation on expanding the number of businesses which face ‘street litter control notices’. Under […]
Posted on 15th February 2007 in Open to Export.
The International Accounting Standards Board (IASB) has begun a consultation process by publishing a draft of its International Financial Reporting Standard for Small and Medium-sized Entities ( IFRS for SMEs ). It is hoped that the new standards will create a simpler and more efficient set of accounting principles that are specially tailored for SMEs.The […]
Posted on 15th February 2007 in City News.
Small businesses are demanding the government acts to close a VAT loophole which is given larger retailers an unfair advantage and losing the UK government millions in tax revenue.The Forum of Private Businesses (FPB) has welcomed the decision to investigate possible exploitation of the Low Value Consignment Relief (LVCR) by larger retailers.Under the terms of […]
Posted on 15th February 2007 in Open to Export.
SMEs are risking their data and productivity by not keeping their computer systems up-to-date, according to new research.BizHelp24, a company which specialises in IT solutions, has published a report which says that nearly half (49 per cent) of SMEs use old technology to manage their company.Overall, a quarter (24.9 per cent) off all SMEs said […]
Posted on 14th February 2007 in Tech.
HM Revenue & Customs has launched a new online guide which should help individuals and small companies who trade products online work out if they should pay tax.The guidelines are intended to make the rules for e-traders on websites such as eBay clearer.From now on, any person or company who resells goods they brought with […]
Posted on 14th February 2007 .
Recycling initiatives at businesses, including SMEs, could be giving opportunities to criminals, according to an industry expert.David Macken, the managing director of System Associates, a company which provides security services, has warned that many organisations are not thinking through the security implications of improved recycling measures.According to Mr Macken, just one visit to a typical […]
Posted on 13th February 2007 in Tech.
Overseas demand has driven significant growth in the manufacturing output of many SMEs, says a new report.In the latest Confederation of British Industry’s (CBI) quarterly SME trends survey, the data shows that manufacturing output and total orders among smaller businesses rose by their fastest rate for over a decade.Over the three month period, 37 per […]
Posted on 13th February 2007 in General business.
Many small-scale manufacturers in the UK are missing out on tax relief on their R&D projects because they do not know they are eligible for the scheme, a new report claims.In a recent survey, Deloitte found that over half (55 per cent) of the SMEs which were eligible for the tax relief were not claiming […]
Posted on 13th February 2007 in City News.