budget

Rural Businesses Receive Vouchers To Boost Broadband

Rural Businesses Receive Vouchers To Boost Broadband

Rural small businesses will receive up to £3,000 worth of broadband vouchers in a new government initiative aimed at increasing connectivity in smaller areas. Expected to be announced at the next budget on March 8 2017, its hoped the move will benefit tens of thousands of businesses who are currently subjected to poor internet access and slow online speeds. Similar to a previous scheme that ceased in October 2015, the vouchers will be used as an incentive for broadband providers to step up their offering in affected areas, and its hoped firms will group together to maximize spend. It’s envisioned the move will help the government reach its goal of providing internet speeds of 10mbps to every UK citizen, as a legal right, by 2020. Just last January, it was revealed that slow broadband was t... »

37% of Small Businesses Felt No Positive Impact From Osborne’s 2015 Budget Initiatives

37% of Small Businesses Felt No Positive Impact From Osborne’s 2015 Budget Initiatives

More than one in three (37%) small businesses don’t believe that the initiatives introduced by George Osborne in last year’s budget had an impact on their business, a report by MarketInvoice has found. The survey of 1,000 small enterprises found that just 36.5% believe their fortunes improved from the chancellor’s 2015 measures and only 6% of business owners said they had “improved a lot.” What’s more,only9% of the business owners surveyed said they believed the chancellor had done enough for small business in the UK. Osborne’s pledge to establish new enterprise zones (67%) and set the annual investment allowance at £200,000(63%) were the measures cited by businesses as having had the least impact. 27% said they believed the national living wage had the biggest effect on their business, wh... »

Cost Cutting Tips for Your Small Business

Cost Cutting Tips for Your Small Business

Regardless of whether a company is growing successfully or beginning to decline, businesses will always look to cut costs to help boost turnover and drive up revenues. And though a streamlined business that cuts down on wastage and unnecessary costs is one more likely to be successful; doing so without compromising on productivity can be a challenge. Getting your staff on board to help is fundamental to this as slashing costs without explaining why will create a disgruntled workforce and hinder your ability to introduce cost effective measures. That said it is likely you will have to make some ruthless decisions in order to save money. Key areas in which to cut costs and questions you need to ask as a business owner include: Business travel and accommodation: Limit staff business trips and... »

How to Build a Business Case for IT

Influence your business and get the best out of your IT IT is constantly evolving, but a company that invests in every minor improvement could end up wasting money. To convince your company that now is the right time to invest in IT you need to put together a persuasive business case. Identify a need. Before you can delve into the details of your proposal, you need to convince everyone that a need exists. Identify existing problems and explain how IT investments can solve them. If you convince people that your solution is reasonable from the beginning it will make the rest of your job easier. Relate the investment to stated company goals. In addition to solving problems that already exist, show that the IT investment you are proposing furthers existing company goals. This provides an addit... »

Budgets: Creating and Using Your Budget Effectively

This guide helps you understand the importance of budgeting and how to create and use a budget effectively, so you can keep your business financially on track. This guide covers: Budgeting: why bother and what’s involved? Creating your first budget Sales budgets – building and using yours Profit and loss budgets – building and using yours Budgeting: why bother and what’s involved? If you’re thinking of starting a business, a budget shows you and your potential backers whether your idea is viable. Once your business is up and running, a budget provides a blueprint for your business’ success, and an accurate measure of how it is performing against your blueprint, month by month. Budgeting helps you forecast: How much money you will spend. How many products... »

Budget Questioned by Business Groups

Business groups have criticised the Government’s so–called “enterprise Budget”, saying the announcements would do little to encourage people to start a business and will only help small firms in the short term. National Federation of Enterprise Agencies chief executive, George Derbyshire said this was a “reasonable stab at a growth strategy” as small-business owners didn’t expect a lot due to Government spending cuts. “I didn’t see anything to help those people on the brink to make a positive decision to start a business.” Commenting on the plans to launch 21 enterprise zones in deprived areas to encourage start–ups, he said: “The Budget seemed to suggest that it would be up to individual Local Enterprise Partnerships to decide what their enterprise zone was. There’s no [guideline on] how ... »

Budget Plan: Too Much Pressure on Small Businesses

It is unrealistic to expect small firms to lead the economic recovery on their own, the Federation of Small Business (FSB) has warned, after the Prime Minister said that the only strategy for growth was to get behind small businesses. Speaking at the spring Conservative Party conference, David Cameron said that the Budget on 23 March would be the most pro–growth this country has seen for a generation and would take on the enemies of enterprise. However, the Federation of Small Businesses (FSB) has warned that small firms will not be able to lead the UK’s economic recovery without strong Government support. “There is a lot of expectation and pressure being put on small firms.” said FSB spokeswoman, Prue Watson. “They are willing to do it, but it’s up to the Government to c... »

Budget will Boost Small Business Growth, say Business Groups

Business groups have welcomed HM Chancellor George Osborne’s Emergency Budget plans to cut small companies’ tax and exempt many start-ups from National Insurance Contributions (NICs), saying it will encourage enterprise growth. In his inaugural Budget speech, the Chancellor outlined plans to: reduce the tax rate for small firms from 21% to 20% next year introduce a tax break of up to £5,000 on employers NICs for each of the first ten employees at new businesses outside the South East and eastern England create a Regional Growth Fund to provide finance to encourage innovation. However, Mr Osborne also announced an increase in the main rate of VAT from 17.5% to 20% from January 2011. A boost for struggling businesses The National Federation of Enterprise Agencies’ chi... »

ICAEW Priorities for Economic Recovery Budget

The ICAEW has today urged the Chancellor to ensure his next week’s Budget is focussed on building a stronger recovery. The call comes as recent exports and inflation data has contributed to fears of a double dip recession and as economic growth remains fragile. The ICAEW has said that the Chancellor should: Make no major tax changes for businesses The Budget should not add to the regulatory burden for companies. The change in the VAT rate in the 2008 Pre-Budget Report caused implementation headaches for many small businesses at a time when they least needed it. The changes then had to be reverted a year later. The ICAEW wants no further complexity to be made to the tax system, when it is already over complicated. Timelines confirmed for government schemes to help businesses plan As c... »

Small Business Britain: Support British Entrepreneurs

Business owners ask Alistair Darling to use the budget as a platform to restore confidence in the UK economy. On 24th March the nation will be looking to Darling for strategies to reduce the £178bn fiscal deficit. Today, the members of Small Business Britain are calling for the Chancellor to take the needs of small businesses into immediate account. Recent research conducted by YouGov and commissioned by Intuit, the driving force behind Small Business Britain, found that over 45% of British small business owners want banks to offer better rates for their small business customers, 35% want interest cuts to be passed on in full and 40% believe that a reduction in employers’ national insurance contributions are essential. However, concern was expressed around whether Darling will ... »

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