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 […]

What is Supporting Small Business Relief?

07/12/2022

What is Supporting Small Business Relief?

The Autumn Statement promised up to £7 billion worth of support to businesses seeing a rise in their business rates as the cost of living increases. The supporting small business relief scheme helps eligible SMEs adjust to rising rates by capping the increase in bills to £600 for the next financial year. This article will […]

Business Investments You Should Make in 2023

07/12/2022

Business Investments You Should Make in 2023

There is little doubt that small businesses have been among the entities hit the hardest by the challenges of the past two years and today’s raging inflation. But as the economy continues to bounce back and consumers focus more on supporting their community, UK enterprises face a unique opportunity for growth and business investments. Nonetheless, […]

What Does the Mini-budget Mean for Businesses?

10/10/2022

What Does the Mini-budget Mean for Businesses?

On 23rd September 2022, the Chancellor Kwasi Kwarteng revealed the government’s plan to dramatically decrease inflation and the “biggest package in generations” of tax cuts designed to kickstart growth. Coined as the “mini-budget” for 2022, this plan outlined economic growth as their main priority and will have an impact on small business owners especially. Read […]