Skip to Navigation

FREE Monthly Business Update

Our People

News

Start-up loans reach £250 million

Start-up loans of up to £250 million have been made available for young businesses. 

The government claims the scheme generates a £3 return on investment to the country’s economy for every £1 spent. 

There are now 5.4 million SMEs in the country, creating more than 15 million jobs and contribution £1.8 trillion to the economy.

The Start-Up Loans Company also...

Read more

ISA investments at record high

£80 billion was subscribed to ISA accounts during the 2015/16 tax year, according to figures released by HMRC.

This is an increase of £1 billion compared to 2014/15. Individuals saved an average of £6,338, a record high of 5% on the previous year.

These results follow changes to ISA regulations implemented on 1 July 2014 which saw the annual limit move from £12,000 to £15,000....

Read more

Faster tax repayments through personal tax account

Taxpayers using their online personal tax account can receive tax repayments directly from HMRC, without the need of sending a cheque, making a phone call or going to the bank.

Any overpaid tax will be returned directly to their bank account within 3-5 days.

The webchat service is also available for customers who need assistant with their online tax accounts.

Along with...

Read more

Brexit round-up: Hammond guarantees funding

Tourism funding announced 

The prime minister has announced a £40 million funding boost to support the country’s tourism after the Brexit vote. 

New schemes will be unveiled to attract more visitors to the UK, including relaxing licensing laws to allow B&Bs to offer welcome drinks to guests and pickups from train stations.

Funding is scheduled for projects...

Read more

SMEs writing off unpaid debts

82% of SMEs still have outstanding balances from their debtors, with the average owed estimated at £62,957, according to research by Direct Line for Businesses.

When asked about writing off unpaid debts in the 2015/16 tax year, 19% of the 728 SMEs surveyed said that they had written off debts worth an average loss of £31,000. 

9% of businesses claimed that they have written...

Read more

Request call back