A new report produced by Regus reveals an increased number of Small and Medium Enterprise are looking to a flexible workforce as the UK economy remains unstable. UK SMEs are planning to hire freelancers and remote workers in an attempt to increase the workforce while (more…)

Businesses which have notified HM Revenue & Customs that they need to register for VAT must do so before 31st December 2011. The deadline for notifications was 30th September 2011, and companies then had to register with HMRC. The deadline is fast approaching, with less than one month left in order to avoid a penalty. (more…)

According to a recent survey, businesses across the UK are failing to maximise opportunities for their business as they don’t have the financial knowledge required. The survey carried out by Intuit, a financial management company shows that a large number of UK entrepreneurs don’t understand the (more…)

A recent survey carried out by Hiscox insurance company, reveals that 30 percent of Small and Medium Enterprises are willing to take risks and only take out minimum insurance cover. SMEs told the insurance company that they only take out minimum insurance against employers’ liability, transport and property. (more…)

Workers who have a temporary place of work have traditionally been able to claim travelling expenses from home to their temporary place of work. Claims for the previous six years have also been claimed for, resulting in a payable order being issued for the whole amount. However, from the 1st of February 2012, taxpayers will no longer be able to claim for expenses or repayment of overpaid tax for (more…)

Following the announcement by BAE Systems of nearly 3000 job losses, George Osborne has announced the creation of new enterprise zones to help reduce (more…)

The government has been granted permission for expansion of the Enterprise Investment Scheme. The EIS was launched in January 1994 to provide incentives in the form of generous tax relief when investing capital in new enterprise. Under the new proposals, tax relief will be available at 30 percent rather than the previous figure of 20 percent. The yearly amount of investment will be doubled to £1 million. (more…)

A “Business Cost Index” which has been created by the Centre for Economic and Business Research and Make it Cheaper, has revealed which areas of the United Kingdom are the most expensive and the cheapest for businesses. Unsurprisingly, London was revealed as the most expensive area to run a business. Wales was revealed as the cheapest area of the UK to run a business. (more…)