Bank lending to UK businesses has dropped to the lowest level in 30 years

Late payments a huge drain on SMEs

Small firms are owed a staggering £23.4 billion in late payments, an issue that is continuing to cause greater problems for businesses each year. In the last year...

Non-VAT-registered businesses need EORI number to trade with EU customers and suppliers post-Brexit

Any business that is VAT-registered and currently trades with the EU will have automatically been issued with an EORI number allowing it to trade with customers and...

Overseas employees potentially face double NICs liability following a no-deal Brexit

Employees working overseas on secondment could face paying twice as much in National Insurance Contributions in the event of a no-deal Brexit, HM Revenue & Customs...

Reminder: National Living Wage set to increase from April

On 1 April 2020 the Government will introduce increases to the National Living and Minimum Wage. From this date the National Living Wage (NLW) will rise from £8.21...

Should your company pay a data protection fee?

We are aware that the Information Commissioner’s Office (ICO) has been contacting companies to remind them of their legal obligation to pay a data protection fee.

SMEs now wait 23 days for late payments, new study finds

According to the latest data, UK SMEs now have to wait up to 23 days on average for late payments to be made. MarketFinance, a peer-to-peer invoice finance platform...

The Numbersmith Named a Top London Accounting Firm for 2020

The Numbersmith Named a Top London Accounting Firm for 2020

Wages rise at the fastest rate in a decade

According to the Office for National Statistics (ONS), averages wages in the UK are growing at their fastest rate since 2008. The ONS has revealed that average...

What Is Small Business Rate Relief?

Unlock financial relief for your small business with our guide on Small Business Rate Relief in the UK. Learn how it works and how to apply.