61% Of New Business Owners Avoid Using Accountants

Only 28% Of Business Owners Intend On Using An Accountant

As a business owner, keeping your books in order is critical if you are to ensure you manage your cashflow, meet your legal requirements, and pay the correct amount of tax. Yet, 61% of new business owners say they intend on avoiding using an accountant. That’s according to data we have collected here at Business4Beginners … Read more

Calls For Emergency Budget Are Getting Louder

Calls For Emergency Budget Getting Louder

The British Chambers of Commerce (BCC) has joined calls for an immediate emergency budget to help small businesses to combat rising costs. Rising energy costs, increases in National Insurance Contributions (NICs) and Minimum Living Wages as well as supply chain issues are putting pressure on small UK businesses. The relentless financial pressure businesses have faced … Read more

Online Sales Tax Supported By Independent Retailers

Online Sales Tax Supported By Independent Retailers

In a letter to the Chancellor, the Retail Jobs Alliance writes that the majority of its members support an online sales tax. The Retail Jobs Alliance is a lobbying group, that includes big companies such as Tesco, Sainsbury’s, Waterstones, Morrisons and Co-op Group. The aim of the group is the elimination of the shop tax, … Read more

Number Of Businesses In Critical Distress Has Risen By 19%

Number Of Businesses In Critical Distress Has Risen By 19%

According to recent research by insolvency expert Begbies Traynor Group, the number of businesses in critical distress has risen by 1,891 in the first three months of 2022. This rise in the number of businesses in critical distress, which means they are at risk of failing, is concerning, as it is almost a fifth higher … Read more

Cost Of Living Crisis Hits Small UK Businesses

Cost of Living Crisis Hits Small UK Businesses

According to new figures by the Office for National Statistics (ONS), the economic recovery that seemed so promising after Covid restrictions were lifted, has slowed down in April as the cost of living crisis hits. Recent ONS statistics show, retail sales volumes in the UK fell by 0.5% in February and 1.4% in March. This … Read more

Price Increases Only Option For 26% Of SMEs

Price Increases Only Option For 26% Of SMEs

Due to increased financial pressure on Small and Medium Enterprises (SMEs), one in four already had to enact price increases, according to a study by lending firm iwoca. The small business lender surveyed over 500 small business owners and found that 46% are hugely concerned about the increased running costs of their businesses. Followed by … Read more

81 UK Small Business Statistics (Updated 2022)

UK Small Business Statistics

The last few years have been among the most turbulant on record for small businesses. From the pandemic through to Russia’s invasion of Ukraine, the impact has been felt across the globe. And that has led to some interesting UK small business statistics. There have been changes in both new company formations and the number … Read more

Cyberattacks – Is Your Business At Risk?

Cyberattacks - Is Your Business At Risk?

According to research commissioned by BT, thousands of small UK businesses are not protected from cyberattacks due to having no or insufficient cybersecurity. 1,000 decision makers at UK businesses were questioned about cybersecurity. The answers showed that 51% of micro businesses, businesses with 0-5 employees, are not protected from cyberattacks. Not necessarily because they don’t … Read more