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Nicklins Accountants
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Digital skills crucial to SME success, says FSB - A new study carried out by the Federation of Small Businesses (FSB) suggests that almost a quarter (22 per cent) of small and medium-sized enterprises (SMEs) are suffering from a so-called ‘digital skills shortage’. In recent days, the organisation has called on the Government to tackle the ongoing problem, amid concerns that a lack of such skills can have a negative impact on productivity. The FSB has suggested that digital skills fit for t...

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Indexation Allowance to be “removed” from next month - The Indexation Allowance, which provides tax-relief for companies’ capital gains, will be frozen from next month to bring the corporate system “into line with personal capital gains tax”. The measure was announced in Chancellor Philip Hammond’s Autumn Budget. The Indexation Allowance allows for the effect of inflation when calculating the chargeable gains of companies or organisations. Removing the relief is expected to cost business ow...

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SMEs urged to explore international trade - UK small and medium-sized enterprises (SMEs) are being urged to explore export opportunities, after a recent business tracker found that the number of SMEs trading internationally had fallen. According to WorldFirst’s latest Global Trade Barometer, the number of UK businesses actively trading goods and services on an international basis has fallen by more than one million year-on-year. In addition to this, 70 per cent of firms told the tracker tha...

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The number of apprenticeships in the UK has fallen since the introduction of the Government’s controversial Apprenticeship Levy, a report has revealed.

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Technology can keep cash flow on course - With new research suggesting that over 50 per cent of small firms are owed an estimated £255bn, it is clear that managing cash flow can be a major juggling act. However, a range of technology is available to help keep the cash coming in. For example, there are any number of accountancy software packages and money management apps out there, as well as smart meters and mobile payment tools but the sheer amount of choice can be overwhelming for the non...

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Lack of sleep costing UK economy up to £40 billion a year - Sleep deprived workers are costing the UK economy nearly £40 billion a year, a report has revealed. Researchers from Rand Europe say the calculation is based on tired employees being less productive or absent from work altogether. They said the loss equated to 1.86 per cent of economic growth. Sleep deprivation also affects the health of workers, says Rand Europe. Those sleeping less than six hours a night are 13 per cent more like...

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HMRC will be first Government department to crack down on ‘phishing scams’

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Businesses need 5G - It is believed that Chancellor Philip Hammond will deploy more than £1bn to boost broadband speeds for up to two million homes and businesses as part of an infrastructure plan to be outlined in today’s Autumn Statement. Mr Hammond will respond to calls from business to support the digital economy and back a £400m fund, which the Treasury expects to be matched by investment from the private sector. He will also offer local authorities the chance to bid for some of the £7...

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Autumn Statement aims to move start-ups to scale-ups - Chancellor Philip Hammond unveiled a number of measures in his Autumn Statement that will increase the UK’s productivity, from a £400m injection into venture capital funds to billions of pounds of new investment for small businesses. In addition, there was the promise of 100 per cent business rate relief on new fibre optic infrastructure and £1bn for broadband, while corporation tax will fall to 17 per cent by the end of this Parliament...

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Economic growth robust in third quarter, says ONS data - UK growth has remained robust since the European Union (EU) Referendum, according to new data from the Office for National Statistics (ONS), which confirms that gross domestic product (GDP) grew by 0.5 per cent between July and September. Business investment expanded at 0.9 per cent over the same period, while household spending was up by 0.7 per cent. According to data analysis, trade made its greatest contribution to UK quarterly gr...
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