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Working out the Value Added Tax (VAT) and making sure that your business is complying with the VAT laws is time consuming for small business owners. In research conducted by the Federation of Small Businesses (FSB) it was found that small business owners spend a whole working week every year trying to comply with the obligations that come with VAT.
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The Brexit negotiations are underway and the movement of EU citizen’s is at the forefront of the debate amongst British businesses. Access to EU workers for many of the UK’s small businesses is critical. George Ide Solicitors explain what UK businesses think of the ‘settled status’ offer proposed by Theresa May.
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Smartphones have become a necessity in today’s society, for some they have become an extension of the body. From waking you up in the morning with alarm apps to having a late night scroll through your social media. Small businesses need to take into consideration how much time people spend on their phones, especially shopping via smartphones.
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Theresa May made a speech at the Conservative party conference, which some have labelled as ‘disastrous’, however she did manage to address the contribution of small businesses to the UK economy briefly.
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Paul Uppal, an ex conservative MP, has been appointed as Small Business Commissioner (SBC). This role will focus on empowering small businesses and providing guidance and support for the 5.5 small businesses in the UK. His role will be crucial in tackling some of the biggest problems faced by small business owners, such as late payments from big businesses.
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In a report carried out by Centre for Economics and Business Research Ltd (CEBR) for World First, it was found that the UK’s small business sector has become more digital than ever. This movement mirrors the wants and needs of today’s consumers.
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HMRC are tackling tax avoidance among businesses, and they have set their sights on small businesses in particular because they are seen as the easier target. Small businesses do avoid tax, this could be unknowingly or knowingly, but there are steps you can take to avoid falling foul of HMRC’s tax crackdown.
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Starting up and running a business is no easy task. Although it is a rewarding venture, which enables you to be your own boss and put entrepreneurial skills to use, there are certain problems you will likely face. Here are the top three problems that are affecting small businesses in the UK right now. If you are business owner, you are likely aware and if you are thinking about starting a business, its important to take these problems into consideration.
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Lendable, a peer-to-peer lending platform is becoming increasingly popular and growing at an incredible rate to rival its competitors.
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In a survey conducted by Mediahawk on over 200 SMEs in the UK, it was found that social media plays a huge role in bringing in the highest quality leads and sales to small businesses. Around 62% said that social media was the best form of marketing for them to get the best leads, ultimately pushing their sales. This just shows the importance of social media in the small business sector.
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There are 5.5 million small businesses in the UK and around 60% of people working in the private sector are working for small businesses. However, mental health and wellbeing advice and support is only really given to larger businesses. The FSB (federation of small business) has started a campaign to focus on wellbeing for those in small business sector.
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Millennials are the largest living population, and this group includes anyone born from 1981 to 1997. The generation has been widely misunderstood, and reports show that they are the most difficult demographic to engage. As millennials are such a huge part of society, it’s worth investing time to get to know them as prospective customers and perhaps tailor marketing strategies to suit their needs.
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Today, Friday 15th September is the National 4pm Finish Day. Getting to start your weekend an hour early and making this campaign a legitimate thing has never been more prominent. Kudos to Red Bull for getting the ball rolling.
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Millennials are definitely making their way in the small business sector. In the 9th annual DNA of an entrepreneur report by Hiscox, one of the most encouraging findings from the report were on the positive outlook of millennials. The group dubbed the ‘most entrepreneurial’, could be paving the way for a brighter future for small businesses.
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The federation of small business (FSB) is hosting another year of small business awards. The awards will highlight and celebrate all that small businesses have contributed to the economy and the UK as a whole.
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Will there be a mass migration of foreign talent or will such employees still be able to feather their nests in the UK? The plight of foreign workers and whether they will be in a position to remain in the UK post Brexit, or whether they will be forced to leave, is amongst the most topical discussions concerning Brexit.
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2016 hasn’t been the best year for British business. From the sale of Tata Steel to the closing of BHS and then of course the mounting uncertainty that the Brexit result has provided, there has been very little good news for those working in a lot of British industries.
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Good news for small business owners as global research from LinkedIn finds that SMEs are leading the way on keeping their staff happy, with the UK’s small businesses currently enjoy the country’s highest levels of job satisfaction.
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In a poll of more than 500 freelancers and small business owners carried out by accounting software firm FreeAgent, nearly a third of self-employed people say they work more than 48 hours per week on their business, and 6% admit to spending more than 64 hours each week working.
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New research from the Federation of Small Businesses (FSB) suggests 52% of small firms have been stung by unfair contract terms with suppliers, costing nearly £4 billion in the last three years.
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