Small business owners are running the risk of costly mistakes by failing to make use of expert advice when setting up their enterprises, according to new research.

HM Revenue & Customs (HMRC) has revealed that it collected £513.5 billion in tax in the 2014-15 financial year.

Tax specialists have welcomed a government announcement that it is delaying legislation introducing an exemption from income tax for ‘trivial’ benefits in kind (BIKs).

The British Business Bank is opening its ENABLE Guarantee programme to all banks that lend to smaller UK businesses, following completion of the first transaction under the scheme.

Fraudsters are using a new scam to target small firms with established finance facilities, according to a small business finance specialist.