The dangers of the dark web are not a problem facing only large multinationals. Small business owners are also at risk of cybercriminals breaching company systems. While small businesses used to be seen as immune to cybercrime, this is no longer the case. And while some small business managers are taking steps to enhance their
Research shows that small businesses in the UK often experience significant revenue fluctuations. Direct Line for Business finds that during certain months, it’s a normal experience for 1.6 million small businesses in this country to halve or double their revenue. These kinds of fluctuations inevitably cause problems for small businesses in terms of maintaining appropriate
Half of small businesses in the UK are not yet ready for the Government’s Making Tax Digital (MTD) scheme, according to the Federation of Small Businesses (FSB). They’re urging the Government to underline its commitment to light-touch enforcement of the measures as research by the FSB shows 50% of small businesses cannot yet comply with
Small businesses in the UK are searching for alternative funding options to maintain their cashflow post-Brexit, according to research by SME (small and medium-sized enterprises) financing platform Swoop. CEO Andrea Reynolds says: “We are getting an increasing number of enquiries about contingency arrangements ahead of the 29 March deadline.” Why are SMEs considering alternative funding
Recent research from YouGov, the Telegraph and Yorkshire Bank shows that UK SMEs are experiencing high levels of confidence, and this affects how they deal with banks. UK SMEs have money to invest but aren’t prepared to be overcharged on banking fees. And while only 11% say they want to switch banks, most want a
Brexit could be good news for innovation, if the Government helps make it a success. This is the view of Dave Philp, Head of R&D Tax at Chiene+Tate accountants. He says that withdrawing from the European Union will give ministers freedom and funding to incentivise new product research and development. Currently, the UK is one
The race is on for UK start-ups to transform the future of brand advertising and digital marketing. Advertising tech (AdTech) and Marketing tech (MarTech) are two powerful industries packed with innovative businesses making their mark. Research by Gartner shows that, on average, marketing leaders in the UK and in North America spent 29% of
Many small businesses in the UK are already planning for Brexit. Whether it happens on 29 March as planned, or there is a delay on Article 50. At the time of writing, the Government is renegotiating the deal put forward by the Prime Minister. The possibility of a ‘no-deal’ Brexit is on the table, as
Research from The Federation of Small Businesses (FSB) reveals that Government policy has made it more expensive for UK SMEs located outside London. The policy changes recently implemented by the Government have put a relatively larger burden on small businesses in Northern Ireland, Scotland and Wales than on those in London. The legislative changes that
No matter how healthy your turnover, without tight cashflow management, there’s no chance of success. Problems such as late payments, too little planning and ignoring the daily costs hit small business owners hardest. Cashflow and effective money management keeps a business going. By creating a cashflow budget and better controlling payments, small businesses can mitigate
