digital

Making Tax Digital Causing Half Of All Small Businesses To Lose Money

Making Tax Digital Causing Half Of All Small Businesses To Lose Money

Nearly half of all small businesses have lost money because of Making Tax Digital, according to a report by Pandle. The survey of 1,000 UK small firms has revealed that 49.23% have lost money by making mistakes on the new digital form of self-assessment – despite believing their suitably informed about the process. A government initiative, Making Tax Digital will see the process of self-assessment become fully digitalized by 2020 – meaning all business owners will submit and manage their tax returns online. Making Tax Digital Explained 63% of respondents feel “prepared” for the change – with just 20% unaware of the concept. However, 48.3% of small enterprise owners believe the process of self-assessment will be become more inconvenient once its digitalized – with 13% concerned they won’t b... »

71% of UK Businesses Admit Success of Digital Projects is a Gamble

71% of UK Businesses Admit Success of Digital Projects is a Gamble

71% of UK businesses admit that the success of their digital investment is a gamble and almost half (41%) of companies believe they aren’t a digital leader, according to a new report by Fujitsu. The research, which interviewed IT decision-makers for businesses across the UK, Germany, Spain and Sweden, found that UK organisations are far less confident on their digital strategies than their European counterparts. 59% of IT decision-makers said that it was difficult to know the right choices to make when it comes to digital adoption and 62% said that their organisations were still playing “digital catch-up”. While companies are aware of the benefits digital can bring, almost a third (32%) of respondents said that their business’ digital strategy is unclear and confused while only 16% said th... »

Small Businesses in Europe Still Not Embracing the Digital Agenda

Wider adoption of digital solutions is needed, but SMEs need to feel confident and assured about online security The benefits of the digital world – such as e-commerce, e-invoicing and cloud computing – are not being embraced by SMEs across Europe, says ACCA (the Association of Chartered Certified Accountants) today in a new survey report called A digital agenda for European SMEs The report will be launched at a roundtable event organised by ACCA and UEAPME (the European Association of Craft, Small and medium-sized Enterprises), held in Brussels on the 6 October called “The benefits of the Digital Agenda for SMEs: towards simplification, enhanced cross-border trade and diversified access to finance”. Hosted by Paul Rübig, MEP, the event will examine the EU’s Digital Agenda for SMEs w... »