Making New Year resolutions that work

It’s that time of year when we look to make resolutions. Filled with good intentions we set off on our New Year exercise regime with vigour, only to stop going to the gym in February. It can be the same with the resolutions you make for your business. But here are three resolutions th

Turning ideas into business

A project based at the University of Central Lancashire (UCLan) is working to ensure that innovative businesses can take their great ideas and turn them into profits. Launched five years ago The Innovation Clinic exists to support Lancashire businesses in the development of new produc

Do you still qualify for entrepreneurs’ relief?

The good news is Entrepreneurs’ Relief remains an attractive proposition for many business owners as they look to sell all or part of their company. The less good news is the changes to the system announced in Chancellor Philip Hammond’s recent Budget, which could impact on their qual

MTD – nothing to be scared of!

Making Tax Digital (MTD) is nothing to be scared of – and digital accounting could actually save you and your business time and money. That was the message of our free interactive workshop for small business owners which we held with The Business Clinic in Preston earlier this month.

Broadband help is here – but be quick!

SMEs are being urged to take advantage of a £2,500 voucher scheme to help install high-speed broadband or risk missing out. More than 7,000 businesses across the UK are reported to have taken up the government’s £67m Gigabit Broadband Voucher Scheme and have used the cash to cut the c

Putting together your ‘boardroom’

Running your own business can be a lonely task. While leaders of larger organisations have a wealth of boardroom experience to support them, SME owners can feel isolated. The ideal boardroom is made up of an effective mix of skills and experience. This means that different angles of p

R&D support on the rise

R&D tax relief claims are rising but new figures show that manufacturing companies are falling behind other sectors when it comes to applying for the valuable business support scheme. The total amount of R&D support claimed by UK businesses has increased by 25 per cent, bringi

On course for MTD

There will be no further delay to the government’s ‘Making Tax Digital’ (MTD) drive – despite the fears of small business leaders. That was the strong message from Business Minister Kelly Tolhurst, quoted in an article in The Times newspaper earlier this month. A number of organisatio

Is your software supplier set for the digital tax revolution?

HMRC has announced it is working with more than 150 software suppliers who have said they’ll provide software for Making Tax Digital (MTD) for VAT in time for April next year. More than 40 of them have said they will have software ready for the first phase of the pilot project. That’s

Are you preparing for Brexit?

Only one in seven small businesses have starting planning for a no deal Brexit, according to new research from the Federation of Small Businesses (FSB). Despite more than 40 per cent believe quitting the EU without a deal will impact their business, it seems many are not yet starting

SMEs under the microscope

It’s a startling statistic. One in ten of the UK’s small businesses is under investigation by the taxman – equivalent to more than half a million at any one time, according to official figures. Parliament’s Treasury select committee heard from HMRC about its sharp focus on SMEs

On the road to export success

International Trade Secretary Dr Liam Fox has launched what the government has described as an “ambitious new export strategy” with our SMEs placed at the heart of the drive. The aim is to get more companies looking at overseas trade as the exit door from the EU looms large. Last year