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Managing costs

National living wage affects SME profits

Are your profits falling as a result of the latest national living wage rise? This has happened for a majority of business owners.

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Proposed changes to improve funeral payments scheme

The government is proposing changes to the way individuals can claim payments to cover funeral costs for an immediate friend or relative.

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New Prompt Payment Code measures announced

New measures to support Prompt Payment Code have been backed in a letter from Small Business Minister Margot James.

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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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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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