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Category Archives: Latest News

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SMEs risk losing out on Christmas income totalling £2bn if they don’t accept cards

Posted on December 13, 2017 by Howard Roth

A new study has revealed that almost half of all shoppers will not spend money with a business this Christmas if it doesn’t provide facilities to pay by card. A study, commissioned by card machine provider Paymentsense, has found that … Continue reading →

Business rates to switch from RPI to CPI, saving SMEs billions of pounds

Posted on December 13, 2017 by Howard Roth

Businesses across the UK have welcomed the Chancellor’s decision to bring forward plans changing the way business rates are set by two years. In the Autumn Budget, Philip Hammond announced that from April 2018 business rates would rise in line … Continue reading →

Class 2 and 4 NIC merger delayed until 6 April 2019

Posted on December 13, 2017 by Howard Roth

The abolition of Class 2 National Insurance Contributions (NIC) will now be delayed until 6 April 2019, according to a new written statement to the House of Commons. HM Treasury has written to MPs to let them know that the … Continue reading →

Simple by name, but not necessarily by nature

Posted on December 13, 2017 by Howard Roth

Earlier this year, HM Revenue & Customs (HMRC) introduced Simple Assessments for some taxpayers who have, until now, been required to complete Self-Assessment Tax Returns. Those affected are taxpayers with relatively straightforward financial affairs where HMRC considers that it already … Continue reading →

Chasing outstanding debts from an individual or sole trader? The process has changed

Posted on December 13, 2017 by Howard Roth

Outstanding payments can be a major headache for SMEs as they can have a significant effect on cashflow and seeking payment can take up time that would be better spent on running the business. In fact, according to Bacs, the … Continue reading →

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