Business Regulation

Cost of national living wage affecting profits

The cost of the new national living wage continues to affect profitability for small businesses.

SMEs writing off unpaid debts

82% of SMEs still have outstanding balances from their debtors, with the average owed estimated at £62,957.

Unfair contract terms cost small firms

Unfair contract terms with suppliers are a common problem with small firms, with 11% of those affected having to spend £5,000 or more to try and resolve their problems.

Firms missing staging date

Are you complying with your auto-enrolment duties? Many firms are completing applications after their staging date has passed.

Chasing payments taking 10% of working day for small firms

How does your business manage payments? Small firms are spending up to 10% of their working day chasing late payments.

Businesses scale back recruitment plans after Brexit vote

Following the decision to leave the EU, almost a quarter of businesses are planning a freeze on recruitment.

Employer uncertainty over apprenticeship levy

Is your business prepared for apprenticeship levy? 1 in 4 employers are planning to use the levy to invest in training and development.

1.4 million businesses still set to start auto-enrolment

Is auto-enrolment proving a challenge for your businesses? Around 1.4 million businesses are still due to begin the process between now and 2018.

Confirmation statement reminder

Confirmation statements for registered companies will replace the annual return from 30 June 2016.

Payroll fraud costs £12 billion per year

SMEs are collectively losing a total of £144 billion a year through fraud, with £12 billion being lost through payroll.

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