Crackdown on late payments in major support packages for small businesses! Announced by the Government, the initiative is aimed at large businesses, defined as: · Having a £36 million turnover · £18 million on its balance sheet · Having more than 250 employees. The press release does not mention the […]
Author: Kelly
Cash is still king: The key to start-up success
With around half a million new companies formed annually in the UK and many more individuals opting for self-employment, start-ups are driving much-needed flexibility in the labour market. But while start-ups are plentiful, not all of them succeed. In fact, only about 20% of UK start-ups make it past their […]
Overcoming start-up challenges: How the IAE Toolkit and business growth workshops can empower entrepreneurs
Starting a business is exhilarating but equally challenging. The road to entrepreneurial success is filled with obstacles, from securing capital to building a customer base. Entrepreneurs often face hurdles like cash flow management, defining their product-market fit, customer acquisition, and compliance with regulations. In addition to this, there is a […]
Is the Government’s £25 Billion Tax Grab Forcing Employers to Rethink Hiring and Pay?
1 November 2024 The recent £25 billion increase in employer National Insurance contributions, coupled with a reduction in payment thresholds, is compelling businesses to reassess their strategies regarding pay raises and new hires. Adding to the pressure, the National Living Wage is set to rise by 6.7% from April 2025, […]