Everyone has a stake in the efficiency of local and central government. We all pay taxes, and I for one, dislike paying for someone to process paper invoices. Especially as there is a better and simpler way of doing this — and has been for some time. Likewise, to enable growth and support suppliers, prompt payment targets have been introduced.
In April 2015, the rate of relief for small and medium-sized enterprise (SME) businesses claiming Research and Development Tax Credits increased to improve investment and innovation. However, despite these increases, it is estimated that hundreds of thousands of small businesses continue to remain either unaware or uncertain of their eligibility to claim the credits. As a result, R&D tax credits are an untapped benefit for the SME. Consequently, millions of pounds remain unclaimed.
If you’re a business owner, especially one just starting out, then understanding VAT can seem a little overwhelming. But it needn’t be and this article will help to demystify VAT, and explain why it’s often best practice to register your company for VAT.
In his Summer Budget of 2015, the Chancellor of the Exchequer announced certain changes to the Seed Enterprise Investment Scheme (SEIS), Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) schemes.
George Osborne’s budget announcements delivered many benefits for small businesses. However he has added complexity – and therefore costs – for small and medium-sized enterprises (SMEs).
Posted on 5th August 2015 in Business Management , Legal, Money.
Business partnerships – often started through friendship or a close family relationship – are based on no more than a handshake or a gentleman’s agreement.
Posted on 5th August 2015 in Legal.
Another month, another Jeremy Clarkson headline. This time Clarkson is back in the newspapers after the former Top Gear presenters agreed a deal to produce a new motoring show on Amazon Prime.
With the new Late Payment Regulation due to come into effect in April 2016, finance directors across the UK may already be feeling rife with trepidation. Following on from the European Late Payment Directive (2011), the new regulation will require UK businesses to publish information about their payment practices twice a year. While it may not entirely eliminate late payments nor term extensions, it will serve to create a ‘name and shame’ game that could, ultimately, come to bear quite heavily on a company’s reputation.
The nature of the internet means that comments about your business can be published instantly to thousands of people around the world. While good online reviews can do wonders for your reputation, negative comments pose a considerable reputational risk.
Posted on 30th July 2015 in Business Management , Legal, Marketing.
In an era when innovation is key to capturing a competitive edge in the globalised economy, it is worrying for the future of UK growth that according to the Office for National Statistics, Britain spent less on R&D than the rest of the EU in 2012.
Posted on 27th July 2015 in Business Management , Legal, Money.
Hacking is once again in the news after the adultery site Ashley Madison suffered an attack by the “Impact Team” that claims to have stolen details of names, addresses, credit card details and sexual preferences and threatens to publish them unless the site is shut down.
Posted on 27th July 2015 in Business Management , Legal.
The issue of trademarking hashtags is probably not one you have ever given much thought, but if you run a business, charity or another organisation that markets itself proactively, it is certainly something worth keeping an eye on.
Posted on 16th July 2015 in Legal, Social Media.
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