Four out of five employers stated that they were immediately impacted by the increase in National Insurance contributions (NICs) according to a recent survey The research by the British Chambers of Commerce (BCC) surveyed more than 1,100 UK employers and found that the national insurance increase...
Read MoreThe UK saw 2,114 company insolvencies in March 2022 which is a 39% increase from February The latest figures, released by the Insolvency Service, show a 599-increase compared to the 1,515 figure reported in February. This is 112% higher and more than double the 999 reported...
Read MoreThe government has set out plans to reform governance at Companies House to stop manipulation of the service, particularly in the use of anonymous or fraudulent shell companies and partnerships Going forward Companies House will ‘change its statutory role from being a largely passive recipient of...
Read MoreThe volume of small business finance applications has hit a six-year low with just one in 10 SMEs having applied for loans over the past three months The recent Small Business Index report published by the Federation of Small Businesses (FSB) showed that the number of...
Read MoreAccording to the Bank of England, a third of UK SMEs are in more than twice as much debt as before the Covid-19 pandemic A report issued by the Bank of England revealed that the increasing level of debt among SMEs has caused the central bank...
Read MoreTemporary measures brought in to support businesses from insolvency during the pandemic will be phased out from 1 October Companies in financial distress as a result of the pandemic have been protected from creditor action since June last year, through the Corporate Insolvency and Governance Act...
Read MoreThe Federation of Small Businesses (FSB) has called on the government to 'fix the system' that sees businesses incurring additional tax when they make improvements for net zero In a letter to the business secretary Kwasi Kwarteng, the Federation of Small Businesses draws attention to...
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