Business Regulation

Cost of national living wage affecting profits

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

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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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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.

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Firms missing staging date

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

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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.

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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.

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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.

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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.

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Confirmation statement reminder

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

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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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