Managing costs

SMEs writing off unpaid debts

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

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Parents unaware of support available

50% of first-time mothers are unaware of the government’s childcare policies and the support available to them, according to a Social Mobility and Child Poverty Commission survey.

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Funeral costs rise faster than inflation

Funeral costs have risen by 2.9% to £3,693, 29 times higher than UK inflation according to new research by SunLife.

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Micro firms quickest to pay invoices

Micro businesses tend to be the fastest to pay their invoices out of all sizes of business in the UK, according to new research.

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Auto-enrolment could slow business growth

Auto-enrolment costs could stall the growth of small and micro businesses, according to a survey commissioned by Enrolsme.

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National minimum wage to rise to £6.70

The national minimum wage for adults will increase by 20p to £6.70 on 1 October 2015, the government has announced.

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Small costs result in big expenses for SMEs

SMEs owners often underestimate the small day-to-day costs of running a business, research by AXA has suggested.

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Raise minimum wage, says LPC

The national minimum wage should be increased by 3% in October 2015, according to the Low Pay Commission.

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Firms affected by late payment

More than three quarters of businesses suffer from late payments, according to research by Bacs.

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Freelancers optimistic for 2015

The freelance sector will grow during 2015, according to new research by the Association of Independent Professionals and the Self Employed.

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