Extract . . . As the tax system gets more complex and HMRC continues to clamp down on tax records Gary Brothers, national director of tax investigations at Mazars and AAT (Association of Accounting Technicians) representative shares with us some thoughts on what to do if you enter a dispute with the taxman and how [...]
Extract . . . Official figures published by the Bank of England show what a raw deal customers are getting from the high street banks. Taxpayers who have paid for the bank bailout three years ago now face a double whammy of paying again – through higher borrowing rates and lower savings deals – as [...]
Extract . . . Business and Government must unite to tackle the UK’s “late payment culture”, which has become a “major problem” for almost a quarter of small companies, a report has found. Research conducted by credit agency Graydon and the Forum of Private Business (FPB) has revealed that around one in six companies have [...]
Continue reading about Measures needed to end UK’s ‘late payment culture’
Extract . . . Sadly, having to wait for invoices to be paid is a common problem for many small firms, and it can prove fatal. So what can you do to speed up payment, and what happens if late payment turns into non-payment? “Late payment can cripple small firms. You can’t pay wages and [...]
Extract . . . The Budget included a few surprises – not least for the nation’s hot food vendors, self-storage operators and sports nutrition drink makers. When it came to delivering his big speech on Wednesday, it must have been a bit of an anti-climax for George Osborne: after all, most of the things the [...]
Continue reading about The five weirdest things you’ll pay VAT on
Extract … eBay for invoices’ site launches supply chain finance product to allow mid-sized businesses to build early payment platform for small suppliers. Invoice finance – which allows companies to access early payment in return for a discount in invoice value – is hardly a new concept, but Tim Breedon believes its extension could help [...]
Continue reading about Invoice auction start-up eases cashflow woes
Extract . . . You can get out from under that mountain of debt. Here’s how to make sure your bank works for you, versus the other way around. Economists generally say we’re not in a recession anymore. But many small-business owners will tell you it sure doesn’t feel that way. Many still don’t have [...]
Continue reading about Four Tips for Working Out Your Business Debts
Extract . . . William Reeve, the serial entrepreneur behind Lovefilm, Zoopla and Graze.com, has these canny insights for entrepreneurs looking to manage their money. Don’t let your financial adviser end up with your yacht, he warns. The old adage – never mind all the Wall Street broker’s yachts, where are all their clients’ yachts? [...]
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