On Monday, Liz Truss has been announced as new Prime Minister, beating her rival, Rishi Sunak, with 57% of the votes. While it has been expected, given the results of several polls, Liz Truss has been announced as the new leader of the Conservative Party and Prime Minister, but she has beaten her rival, Rishi … Read more
According to new data by accounting service Xero, small and independent retailers are impacted the most by declining sales, with a fall in sales volume for July of 6.9% compared with other industries a year ago. For their monthly index, Xero analysed data from the accounts of hundreds of thousands of small businesses and the … Read more
According to data published by the Federation of Small Businesses (FSB), more than half of small businesses expect to fold, stagnate or shrink in the next 12 months. The FSB has released its Small Business Index for Q2 2022. Their data shows that only 47% of small businesses surveyed expect to grow in the next … Read more
Being a sole trader means more freedom but can come with many hidden downsides. Find the truth about the disadvantages of a sole trader here.
Amid warnings of a looming recession, small and medium enterprises (SMEs) put the breaks on spending and abandon plants to recruit new staff. While back in March 37% of UK SMEs were looking at recruiting new staff, now only 12% are planning to do so, according to new data from the Association of Chartered Certified … Read more
The Bank of England (BoE) has raised interest rates again, from 1.25% to 1.75%. And it’s also warning that the UK is heading for a recession. And the impact of a recession on small businesses could be devastating. To combat rising inflation, the BoE has raised interest rates for the sixth time in a row, … Read more
As the director of a limited company, you can contribute company income to your pension pot. Find out mor in our guide to company pension contributions for directors.
Since the resignation of Boris Johnson, the Conservative Party is in the process of selecting their new leader and with that our next Prime Minister. MPs have now narrowed down the list of leadership hopefuls to two candidates. And while the new leader of the Conservative Party will also become the next Prime Minister, it … Read more
Ready to start invoicing your clients as a sole trader? Here’s everything you need to know about how to invoice as a sole trader in the UK.
According to new research by the Gatsby Foundation, the second-biggest overall concern for small businesses is their struggle to recruit new staff. With 97% of employers in England being small businesses, the struggle to recruit new staff will add to the already challenging situation. Almost 1 million small businesses are concerned about their difficulties in … Read more