Hicks blog

Small firms: 10% of day spent chasing payments

Small business owners spend 10% of their working day chasing payments, according to research by Xero.

Self-employment growth driven by part-timers

The number of self-employed workers increased from 3.8 million in 2008 to 4.6 million in 2015.

New system to challange business rates outlined

A system to allow businesses to check and appeal business rates bills has been announced.

The aim is to ensure that disputes are settled more promptly.

Businesses will require software for digital tax accounts

Businesses will need to submit their tax and financial information quarterly using software that’s compatible with HMRC’s systems.

Charities unaware of reporting Obligations

Many charities are unaware of their reporting obligations with 1 in 5 having submitted the wrong documents, according to research by the Charity Commission.

SMEs in profit at 2007 levels

The number of small businesses that reported profits over the last 12 months has returned to 2007 levels, according to the government’s Small Business Survey.

Pension freedom barriers to be removed

The government has introduced a range of measures aimed at removing barriers that may stop people from being able to access their pensions.

Lack of flexible working hampers employers

Employers may be missing out on the best skilled workers due to not offering flexible working.

Early pension exit fees capped

The Financial Conduct Authority (FCA) will be given the power to cap “excessive” early exit fees on pension pots.