Thursday November 17, 2011 at 9:00am
A recent report in the Telegraph quotes a survey from our trade body, the Institute of Chartered Accountants in England and Wales (ICAEW), which suggests despite a number of Government measures to reduce the regulatory burden on business, companies feel the UK is now less “business friendly” than a year ago.
In this year’s survey 44 percent of all companies said the UK is “business friendly”, down from 50 percent last year.
It looks like the Governments plans fo....
Thursday November 10, 2011 at 9:00am
I read recently that late payments to small businesses exceed £33 billion. And more often than not it's large businesses who are failing to pay up on time.
Bacs (Bankers’ Automated Clearing Services) say that around 860,000 companies are experiencing late payments with each SME on average owed £39,000 and left waiting two months to get it.
With bank lending at an all time low in my opinion there’s little hope of overdraft or loan facilities to fund this shortfall....
Wednesday November 9, 2011 at 5:16pm
Xero, the company that develops our online accounting software, is calling upon the UK Government to abandon proposals to simplify statutory reporting for the smallest businesses. Xero believe that there are other ways to address any reporting concerns that the UK’s smallest businesses – 60% of UK businesses registered at Companies House - may have, without requiring yet more legislation. And our response is ‘here, here’.
This follows the Department for Business Innovat....