Personal insolvencies on the verge of highest level for a decade

According to official figures, the number of people facing insolvency is set to reach the highest level for almost a decade, following an annual increase of more than 22 per cent in December.

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BRC leading calls for more to be done to protect the retail industry

According to the latest data from the British Retail Consortium (BRC), there were around 85,000 job losses in the retail sector in the past year.

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Finance affecting SMEs and their export potential

According to the UK’s export credit agency, Capital Economics for UK Export Finance (UKEF), 60 per cent of companies have cited finance as a key obstacle to exporting.

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Government awards £2 million fund to help solve problems faced by small businesses

The Government has announced that a £2 million fund is to be distributed in a bid to help address many of the common problems faced by small and medium-sized enterprises (SMEs).

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SMEs are losing money by not having a website

According to new research, UK based small and medium-sized enterprises (SMEs) are missing out on thousands of pounds each month due to a lack of online presence.

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Renovated homes that have been empty for two years can qualify for a reduced rate of VAT

Although a key VAT-saving measure for listed dwellings was abolished in October 2012, there are still circumstances in which a renovation project can be subject to a reduced rate of VAT of five per cent. There are two circumstances in

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Wages rise at the fastest rate in a decade

According to the Office for National Statistics (ONS), averages wages in the UK are growing at their fastest rate since 2008. The ONS has revealed that average earnings, including bonuses, grew by four per cent in the four months between

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HM Revenue & Customs has started carrying out PAYE tax investigations remotely

It has been reported that HM Revenue & Customs (HMRC) has begun carrying out PAYE investigations remotely. The investigation begins with a phone call, inviting the employer to complete a survey sent by email. There is a concern amongst accountants

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25,000 companies receive penalties for the late filing of accounts in just one month

The latest data from Companies House shows that thousands of penalties were handed out for the late filing of company accounts, with more than 25,000 companies missing a deadline on 30 September. This date marks a common deadline for companies,

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Non-VAT-registered businesses need EORI number to trade with EU customers and suppliers post-Brexit

Any business that is VAT-registered and currently trades with the EU will have automatically been issued with an EORI number allowing it to trade with customers and suppliers in EU member states following the UK’s withdrawal from the EU. However,

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