Here is this week’s news round-up for home business, micro business, sole-traders, freelancers, self-employed and any one who is interested in small business news from the United Kingdom and Ireland:
- Managing year-end deadlines is critical: As year end approaches for many small businesses, the Institute of Chartered Accountants in England and Wales (ICAEW) warns SMEs to think ahead and start planning now so they are not faced with any bombshells.
- Freeze fuel duty to save small businesses from spiralling costs, says business lobby group: Struggling small businesses will be hit by a 6% increase in fuels costs in less than 18 months, the Forum of Private Business (FPB) is warning.
- Fresh bid to get loans for struggling businesses: Officials from Enterprise Ireland are being drafted into the top banks to help give out more loans to cash-strapped small businesses.
- Taxman can call without any warning: Changes to the law come into effect this week that give Revenue & Customs the power to check the tax affairs of small businesses at any time and without warning
- Small Firms’ last minuite £1bn tax let-off: Alistair Darling has performed a spectacular U-turn to spare businesses the pain of a £1bn tax rise
- Chancellor’s Budget must solve banking and unemployment crises: Forcing banks to behave and solving the problem of rising unemployment should be at the top of the Government’s to-do list in the most crucial budget in decades, said the Federation of Small Businesses (FSB).
- UK small companies “more pessimistic” than overseas counterparts: Research from leading accountancy firm shows that small businesses in the UK are far more pessimistic than companies from the rest of the world about when the economy will recover.
- Late pay culture bodes “disaster”: LATE payment is becoming more widespread across the UK while the availability of credit continues to worsen, according to reports today which underline the difficulties facing thousands of small businesses.
- Small firms suffer £100m rates blow: Tens of thousands of family-run firms will be hit in a £100m tax grab this week when business rate relief is abolished
- WinWeb and infoUK Announce Exclusive Strategic Partnership to Benefit Small Businesses: London, March 31st, 2009 – WinWeb, the leading small business software and service provider, partners with B2B data and business list supplier infoUK (an infoGROUP company, NASDAQ: IUSA) to give small businesses a leg up in today’s tight economy. The alliance will provide WinWeb customers access to 200 free sales leads and business list data from infoUK and in return, infoUK customers will be able to utilise WinWeb’s OnlineOffice™ for free./li>
- Wages in small firms down 13%, report finds: Wages in Irish small and medium enterprises have fallen by an average of 13 per cent over the last six months, according to a new report.
- Delays hits Mandelson lifeline for small firms: Fresh fears have been raised for small firms after it emerged the centrepiece of a Government aid package has been delayed by weeks
- Small firms kicked by 5% tax rise: Small firms will be hit by a 5% rise in business rates after ministers rejected appeals for a U-turn
As always this list is not exhaustive, but I hope it will give you a little overview. — ST.