44% Of Business Owners Use Own Savings To Start Business

44% Of Business Owners Use Own Savings To Start Business

9 January 2024 – According to new research a large number of business owners are using their own savings to start their business. But help from family is becoming more and more important too. The dream of starting a business can quickly turn sour if funding is hard to come buy. Research by wealth management … Read more

Insolvency Registrations Rise By 21% In November

Insolvency Registrations Rise By 21% In November

19 December 2023 – UK companies had another tough year, with insolvencies at a high level. The latest government data shows that company insolvency registrations in England and Wales have been 21% higher in November this year compared to the same time last year. The latest data from the UK Insolvency Service confirms what earlier … Read more

How Do Dividends Work In The UK?

How do dividends work in the UK?

Running your own business and want to extract money in the most tax-efficient way possible? We look at how do dividends work in the UK to help you succeed.

New Immigration Plans Another Blow For Small UK Businesses

New Immigration Plans Another Blow For Small UK Businesses

12 December 2023 – Last week the new Home Secretary has unveiled new immigration plans to curb legal immigration to the UK. The new rules will be another blow to small UK businesses struggling with an ongoing skills shortage. Labour shortages and a skills gap has plagued small businesses in the UK for a while, … Read more

Tax Season: 25% Of SMEs Hold Off Filing Tax Return

Tax Season: 25% Of SMEs Hold Off To File Tax Return

5 December 2023 – Tax season is upon us, with the deadline for SME’s and sole traders to submit their Self Assessment tax return for the tax year 2022/23 looming. Yet 25% of SMEs are holding off filing their tax return until the last minute. Every year, when the festive season is approaching, many small … Read more

UK Business Population Shrunk For First Time In 12 Years

UK Business Population Shrunk For First Time In 12 Years

28 November 2023 – New data has revealed that for the first time in 12 years, the UK business population has shrunk. More businesses have closed down than started up over the past two years. Since after the financial crisis in 2008/09, the number of active UK businesses has been rising every year, with the … Read more

Autumn Statement 2023: Its Impact On Small Businesses

Autumn Statement 2023: Its Impact On Small Businesses

23 November 2023 – Yesterday the Chancellor announced his Autumn Statement 2023, setting out the government’s fiscal plan for the year ahead. When the King’s Speech earlier this month announced that the government is focussing on growing the economy in the coming year, many business leaders lamented the lack of detail. With no clear indication … Read more