View SMEs Get Second Chance With New Proposals

SMEs Get Second Chance With New Proposals

George Osborne recently announced proposals to help SMEs access finance. These measures are aimed at providing alternative sources of funding to small businesses that have been rejected for a business loan. The Chancellor authorised partnership talks between High Street banks and lend-to-save firms so that more than 250,000 businesses that have been rejected for loans…

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View HMRC to be given power to access debtors’ bank accounts

HMRC to be given power to access debtors’ bank accounts

Amongst a slew of measures designed to alleviate the problems of tax non-compliance, Chancellor George Osborne announced that HMRC may be given the power to access individual bank accounts, and take money owed directly. The Chancellor was keen to point out that the powers would only be used to recover debts of over £1,000, and…

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View An Economy in recovery?

An Economy in recovery?

According to the headlines, the UK’s economy is on the up. Alongside experts forecasting the most rapid economic growth amongst G7 countries, we have a record number of people in employment, wage rises set to outstrip inflation for the first time in years, and prominent business leaders such as Sir Richard Branson leading campaigns to…

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View The 2014 Budget For Makers, Doers & Savers: The Highlights

The 2014 Budget For Makers, Doers & Savers: The Highlights

For families, pensioners and businesses across the country, the devil of  the Chancellor’s changes today was, according to analysts, in the detail. Here are some of the highlights: George Osborne vowed to help businesses with changes to export finance, incentives to business investment, help with energy costs, a further clampdown on tax avoidance and a…

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View Running Blind? – It’s Time To Test The Financial Health Of Your Business

Running Blind? – It’s Time To Test The Financial Health Of Your Business

Here’s how bad it really is… 87.5% of businesses are operating below ‘Best Practice’ standards in managing financial responsibilities. A good number of businesses in 2013 took our online Healthcheck (in assessment of their financial responsibilities/ finance function). If you think businesses in the UK had it easy in 2013, think again!   ‘Running Blind?’…

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View Business Recovery: The Rise Of The Phoenix

Business Recovery: The Rise Of The Phoenix

SECTOR IT , Networking, Data Communications CONCERN Business Continuity / Disaster Recover BACKGROUND Dacon Plc is a UK based company that provides a range of contact centre and communications solutions.  In December 2005, a build-up of fumes at the Buncefield Oil Depot in Hemel Hempstead caused a catastrophic explosion.  Thankfully no deaths resulted, but 43…

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View Tax Code: Understanding It & What To Do if It is Wrong

Tax Code: Understanding It & What To Do if It is Wrong

A tax code is issued based on the information HMRC have about an employee’s taxable income and allowances. This lets employers and pension providers know how much income tax to deduct from wages or pension. The Emergency Tax Code: When an employee starts a new job, a form P45 should be given to the new…

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View Buy or sell a business

Buy or sell a business

Selling a business To sell successfully, prepare early to maximise the value of the business on sale, get your financial information right, understand how various acquirers value business and take specialist advice. You need to check that publicly available information e.g. at Companies House, websites, press articles etc is consistent with any information memorandum you prepare….

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