Business news

Academies face funding crisis - 13 May 2015

Schools across the country are busy completing their budgets for the year ahead however, more and more often schools are finding themselves facing financial difficulties due to the ongoing cuts to education funding. Ahead of this month’s general election the

Businesses sit on cash as AIA ‘deadline’ approaches - 7 May 2015

UK businesses are waiting for the right moment to start investing, says a leading accountancy body. The Institute of Chartered Accountants in England and Wales (ICAEW) surveyed 500 of its members working within businesses and found that 62 per cent

Firms warned to beware of fraudsters - 7 May 2015

Fraudsters are using a new scam to target small firms with established finance facilities, according to a small business finance specialist. Ashley Business Finance warned other businesses to beware after two of its clients, in Wigan and Manchester, lost more

British Business Bank programme set to boost lending - 7 May 2015

The British Business Bank is opening its ENABLE Guarantee programme to all banks that lend to smaller UK businesses, following completion of the first transaction under the scheme. The programme encourages participating banks to lend more to smaller businesses by reducing the

Tax experts welcome ‘trivial’ delay - 7 May 2015

Tax specialists have welcomed a government announcement that it is delaying legislation introducing an exemption from income tax for ‘trivial’ benefits in kind (BIKs). Trivial benefits provided by employers include gifts such as a box of chocolates at Christmas or

HMRC brings in £513bn tax haul - 7 May 2015

HM Revenue & Customs (HMRC) has revealed that it collected £513.5 billion in tax in the 2014-15 financial year. HMRC’s latest monthly report, published on 23 April, revealed that the total annual tax take has soared by £166 billion since

SMEs ‘fail to use expert advisers’ - 7 May 2015

Small business owners are running the risk of costly mistakes by failing to make use of expert advice when setting up their enterprises, according to new research. A survey of 1,507 small and medium-sized enterprises (SMEs) for insurer Aviva found