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Milsted Langdon LLP
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When Chancellor Philip Hammond stepped up to the despatch box, he would have been acutely aware of the pressure he was under.
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SMEs enjoying export growth and success, study finds - New research from the Federation of Small Businesses (FSB) has revealed that export activity is on the rise among UK small and medium-sized enterprises (SMEs). According to the FSB’s latest Small Business Index (SBI), approximately 19.5 per cent of SME exporters enjoyed boosted export activity in the third quarter (Q3) of 2017, up from just 11.7 per cent of businesses that enjoyed export growth in the previous quarter (Q2). The FSB also...
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SME growth hindered by poor time management, study finds - A new study suggests that poor time management is the biggest barrier to business growth, with company owners and decision makers failing to set aside enough time to focus purely on their business. The research, which was carried out by online printing firm Instantprint, found that more than half of small and medium-sized enterprise (SME) decision makers felt that their administrative responsibilities were eating away at their time....
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Tax perk crackdown for wealthy investors predicted - Popular investment schemes, including Enterprise Investment Schemes (EIS), which benefit wealthy investors by offering generous tax breaks, could be subject to new restrictions. Industry sources claim HM Treasury is becoming more aware that some claims are being exploited in attempts to avoid tax. EIS currently permits and encourages people to invest in start-up businesses, by adding various incentives including tax breaks and capital gai...
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Rise in number of businesses claiming R&D tax credits - New statistics from HM Revenue & Customs (HMRC) suggest that an ever-increasing number of UK small and medium-sized enterprises (SMEs) are taking advantage of Research and Development (R&D) tax credits. According to the tax authority’s data, the total number of claims for R&D tax credits soared to 26,255 during the 2015/16 financial year – indicative of a 19 per cent rise over figures recorded in 2014/15. HMRC has said that the signifi...
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SME health hits 18-month high - A new business tracker suggests that UK small and medium-sized enterprises (SMEs) performed at their highest level in 18 months during the second quarter (Q2) of 2017. The news follows the publication of the Centre for Economic and Business Research’s (CEBR) latest SME Health Check Index, which found that, in Q2, UK SMEs had ‘improved’ in six of eight key performance indicators measured by the tracker each quarter. In fact, SMEs performed at their highest lev...
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