News and Events

‘Sensitive’ business names list reduced

‘Sensitive’ business names list reduced

A list of sensitive names that required approval before a new business could be registered has been cut by a third. The Department for Business, Innovation & Skills said businesses that want to use words such as ‘Authority’, ‘Board’, ‘European’, ‘Group’, ‘International’ and ‘National’ will no longer have to gain prior approval from Companies House.  The Welsh and Gaelic equivalents of the words have also Read more…

SMEs get Autumn Statement support

SMEs get Autumn Statement support

Small and medium-sized enterprises (SMEs) featured heavily in Chancellor George Osborne’s Autumn Statement on December 5, with the announcement of support measures including help with business rates. Subsequent to the statement, the £1 billion government-funded Start Up Loans scheme has received a further £250 million in funding in a bid to help SMEs benefit from the economic recovery. The Start Up Loans scheme is one Read more…

Research & Development Expenditure

Research & Development Expenditure

Qualifying revenue expenditure, known as research and development expenditure (R&D) attracts a corporate tax deduction of 225% from 1st April 2012 for enterprises which are classified as small and medium sized enterprises (SME). If the company is not yet trading then the amount being claimed can be treated as a trading loss. Alternatively, where the company has a loss for the relevant period, it may Read more…

VAT rule changes to broadcasting, telecommunications and e-services from 1 January 2015

VAT rule changes to broadcasting, telecommunications and e-services from 1 January 2015

Effective from 1 January 2015, alterations to the European Union (EU) VAT place of supply will affect businesses who provide broadcasting, telecommunications and e-services to consumers, as they will be required to keep records about the variety of electronic services they supply, to whom they supply them to and to where they are supplied. Businesses that may be affected by these changes are encouraged to Read more…

Cable launches investment campaign to help small firms grow

Cable launches investment campaign to help small firms grow

Business Secretary Vince Cable has launched a funding campaign in a bid to help the UK’s some 4.9 million small firms to develop. Earlier this month, Mr Cable unveiled the first ‘funding allocation’ from the British Business Bank’s investment programme, which is designed to supply debt finance to small businesses. The first £45 million of subsidy is to be divided between two private investment firms: Read more…

A call to businesses: respond to EFRBS opportunity

A call to businesses: respond to EFRBS opportunity

Employers who operate Employee Financed Retirement Benefit Schemes (EFRBS) will be receiving letters from HM Revenue and Customs (HMRC) providing an opportunity to settle any outstanding liabilities. Based on Employee Benefits Trusts, in which trusts (usually offshore) are used to pay staff through tax-free loans, EFRBS are instead put towards employees’ pensions. Employers have until 31 December 2013 to indicate whether they wish to take Read more…

Why is it harder for women to save for a pension than men?

Why is it harder for women to save for a pension than men?

‘Research suggests that only 50 per cent of women in their 30s work full-time, compared with 81 per cent of men of the same age.’ The juggling act of life is tough, and planning for your pension often gets side-tracked when financial pressure is applied from all angles. However, according to this year’s ‘Scottish Widows “Women and Pensions” Report’, it’s largely women who bear the Read more…

10,000 and counting: New entrepreneurs receive the ‘get up and go’ from Start Up Loans

10,000 and counting: New entrepreneurs receive the ‘get up and go’ from Start Up Loans

Since its launch earlier this year, the new-business aid scheme, Start Up Loans has recently celebrated the transaction of its 10,000th loan, which was awarded to Cornish entrepreneur, Allen Martin to help him initiate his new business providing online help for landlords. Start Up Loans, chaired by business mogul James Caan, has had a promising year since its conception in 2012, as they are now Read more…

Autumn Budget Statement 2013

Autumn Budget Statement 2013

Introduction “The hard work is paying off” was the message of this year’s Autumn Statement and while Chancellor George Osborne admitted that there was still work to do, the overall picture was more positive than last year’s statement. Giving his annual statement in response to the Office for Budgetary Responsibility’s (OBR) latest annual growth and borrowing figures, Mr Osborne told Parliament that “Britain’s economic plan Read more…