Making Tax Digital pilot opens for the self-employed

29th March 2018

HMRC has recently launched a Making Tax Digital (MTD) pilot for income tax for self-employed taxpayers. This is currently open to sole traders with income from only one business, whose current accounting period ends after 5 April 2018. To take part in the pilot, sole traders will need to send income and expenses summaries to… Read more »

Peter black alternative finance

Alternative finance business gets thumbs up from the regulator

21st March 2018

North West entrepreneur, Alwin Thompson and former senior banker, Peter Black have announced the launch of an alternative finance advisory business, Snowball Alternative Finance, having secured Financial Conduct Authority (FCA) approval for the new business. Based in Cheshire, Snowball Alternative Finance will assist SMEs looking to fund growth of their businesses. The company is fully… Read more »

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Average UK small business owed £63,000 in late payments

12th March 2018

Research carried out by commercial data provider Dun & Bradstreet has suggested that the average UK small business is owed £63,881 in late payments. A further 11% of small firms are owed between £100,000 and £250,000 in such payments, Dun & Bradstreet found. A lack of payment has created cash-flow issues for 35% of firms,… Read more »

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Cheshire Accountant Issues Warning for Late Pension Enrolment

1st March 2018

Cheshire accountancy firm, Paul Austen Associates, fears that local businesses are facing severe penalties after missing the 1 February deadline for the auto pension enrolment scheme and urges them to take immediate action. The firm, with offices in Congleton and Stoke explains that employers with a thirty strong team or less were given until the 1… Read more »

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Businesses “Turing to alternative sources of finance” research suggests

22nd February 2018

Research published by the British Business Bank (BBB) has suggested that UK small businesses are increasingly turning to alternative sources of finance to fund their plans for growth and expansion. The BBB’s Small Business Finance Markets report found that many small firms are turning to specialist asset finance providers and peer-to-peer lending for funding, as… Read more »

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22nd February 2018

Anyone who regularly calls into our office will want to congratulate Anthony and his wife Claire on the recent arrival of Noah. Best of luck to all of them. As any parent will tell you, as well as the pleasure that children bring, not only do they bring a lot of hard work and broken… Read more »

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Bank of England Survey suggests UK workers in line for pay rise

15th February 2018

The Bank of England (BoE) has indicated that a significant pay rise could soon be in store for UK workers. Its agents’ survey, which polled 368 UK businesses, suggested that real wages are on course to begin to rise above inflation, and grow by 3.1% during 2018 – a significant rise when compared to 2017’s… Read more »

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Research suggests lack of savings is putting individuals “at risk of financial hardship”

9th February 2018

Research carried out by banking group Aldermore has suggested that a lack of business savings is putting a strain on self employed individuals in the UK. Aldermore’s data suggested that poor business resilience is putting sole traders and freelancers ‘at risk of financial hardship’. It found that 22% of individuals have no business savings at… Read more »

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BCC comments on Bank of England ‘Super Thursday’

9th February 2018

Bank of England Commenting on the Bank of England inflation report and interest rate decision published on ‘Super Thursday’, Suren Thiru, Head of Economics at the British Chambers of Commerce (BCC), said: “The Bank of England’s latest forecasts point to a mild improvement in the central bank’s outlook for the UK economy, with upgrades to… Read more »

Cheshire East unveils dedicated service to boost local businesses

26th January 2018

(From right: Skills and Growth Company chairman Cllr George Hayes; Andy Hustwit, Access2Finance manager; Charlie Graybrook, of Frank Olsen Furniture; Sue Barnard, British Business Bank; Andrew Nichols, of Business Finance Solutions; Jeremy Thompson, of Maven Capital Partners; and John Willis, business engagement and inward investment manager of the Skills and Growth Company) Cheshire East Council’s… Read more »