Govt announces new plans to cut red tape
About time I hear you cry!
A lot of businesses do get tangled up in all this red tape – HR legislation, Health & Safety, VAT, Tax…..
Read the full article: http://www.taxassist.co.uk/News/Small-Business/Govt-announces-new-plans-to-cut-red-tape-12219.html
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Prince to quit UK trade envoy job
I’m not sure whether this is good news or bad news for industry – what do you think?
Maybe they should get Fergie to do it!
Prince to quit UK trade envoy job http://www.bbc.co.uk/news/uk-14235330
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Cashflow problems a persistent headache for UK business
The following article is interesting as cashflow is the biggest killer of businesses, small and large.
If you don’t have a handle on cash coming in and out of business then you are taking a risk with the future of your business.
Managing your finances is key and as a minimum you should have a cashflow forecast (free template download).
Related articles:
The Late Payment Cycle
Are You Still Having Cashflow Problems?
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Waste Review should ‘make SME recycling easier’
Small businesses should be given better access to household waste recycling centres in tomorrow’s Waste Review to reduce their waste management costs and make it easier for them to recycle more.
That’s the message from the Federation of Small Businesses (FSB), which today (June 13) also called on the government to use the Review to reduce the red tape small firms face when managing their waste by removing the duty of care from those who only produce small quantities of waste.
And, it said Defra should take action to make it easier for the UK’s 4.9 million small businesses to access waste services offered by both councils and waste management companies at a competitive rate.
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Failure rates improve amongst UK’s small business community
The health of the UK’s micro and small business community improved in April, according to Experian®, the global information services company.
Experian’s latest Insolvency Index, published last week, reveals that 1,808 UK companies, 0.10 per cent of the active business community, became insolvent in April 2011, 0.55 per cent fewer than the same period in 2010 (1,818).
Failures fell at a faster rate across the majority of the smaller business segments year-on-year, with the most notable reductions amongst the three to five (17.04 per cent fewer) and 26 to 50 (24.59 per cent fewer) employee organisations.
Failures amongst medium sized firms (101 – 500 employees) increased by 4.44 per cent year-on-year, while large company insolvencies (501+ employees) rose by 9.09 per cent.
Despite this, medium and large companies continue to have amongst the lowest failure rates, with just 0.18 per cent and 0.13 per cent of firms in these segments failing during April compared to the previous month.
Read more: http://www.creditman.biz/uk/members/news-view.asp?newsviewID=13720
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