Is International Expansion Unachievable for Business Nowadays?

05/06/2023

Is International Expansion Unachievable for Business Nowadays?

According to new research from HedgeFlows, a leading fintech platform, of 500 UK SME owners, nearly three quarters of UK SMEs (70%) have abandoned plans for international expansion due to sky-high trading costs. The survey was conducted by independent polling agency Censuswide in April 2023 and the research quizzed industry chiefs about their plans for expansion, […]

What Industries Have Seen the Smallest Increase in Wages?

02/06/2023

What Industries Have Seen the Smallest Increase in Wages?

New research conducted by UK trading platform CMC Markets reveals the UK industries that have had the smallest increase in wages. By analysing the latest release from the Office for National Statistics (ONS) and featuring results from ONS’ Wages and Salaries Survey since January 2000, the Financial & Insurance Activities industry is top of the […]

The Impact of Finance Concerns on Mental Health of Small Business Owners

02/06/2023

The Impact of Finance Concerns on Mental Health of Small Business Owners

A new survey conducted by Purbeck Personal Guarantee Insurance, the provider of personal guarantee insurance to small business owners, to mark Mental Health Awareness Week, 15-21 May 2023 has uncovered the emotional cost of being your own boss during the cost of living crisis. The owners of smaller businesses which took part in the survey employ 2 to 10 […]

What Industries Have Seen the Biggest Increase in Wages?

02/06/2023

What Industries Have Seen the Biggest Increase in Wages?

New research conducted by UK trading platform CMC Markets reveals the UK industries that have had the biggest increase in wages. By analysing the latest release from the Office for National Statistics (ONS) and featuring results from ONS’ Wages and Salaries Survey since January 2000, the Mining and Quarrying industry is top of the table. […]

What is the Long-Term Impact of Rising Rent Costs for Business in the UK?

06/03/2023

What is the Long-Term Impact of Rising Rent Costs for Business in the UK?

It’s no secret that the cost of living is increasingly on the rise; this is not only affecting basics like food and utilities but is now bleeding into property. As the cost of rent continues to rise with a 13% increase in 2023, many are beginning to wonder how this affects their business and what […]

Rising Interest Rates: How Are They Affecting Businesses?

03/03/2023

Rising Interest Rates: How Are They Affecting Businesses?

Right now, the UK is going through a cost of living crisis. Inflation is the highest it’s been in 40 years and the Bank of England are rapidly trying to take steps to combat this. If you want to find out more about rising interest rates and how they could impact your business then take […]

Importance of Cyber Security for Businesses

22/02/2023

Importance of Cyber Security for Businesses

Cyber security is an increasingly important concern for businesses in today’s digital age, especially seeing cyber attacks happen so recently to large corporations. It refers to the practices and technologies used to protect computer systems, networks, and sensitive data from unauthorised access, theft, and damage. Cyber security is important for all types of businesses, regardless […]

Self-Assessment Tax Returns: What You Need to Know

23/01/2023

Self-Assessment Tax Returns: What You Need to Know

With the January 31st Deadline swiftly approaching, it’s essential that you are prepared to file your self-assessment tax returns and pay the appropriate taxes. While this may seem complicated or overwhelming, the sooner you complete your returns, the better. Furthermore, filing your tax return can also make you more aware of the ways you may […]

What Financing Options Are Available for Small Business in 2023?

23/01/2023

What Financing Options Are Available for Small Business in 2023?

Every small business across the country has faced unprecedented finance challenges in the wake of the COVID-19 pandemic. For example, many have experienced a loss in custom alongside rising monthly expenses. As such, it’s hardly surprising that a recent study found that “small and medium-sized enterprises are now collectively carrying around £36 billion more in […]