UK SMEs turning to FinTech sector for foreign exchange needs
A recent survey by currency transfer specialist World First has revealed that the majority of SMEs prefer dealing with FinTech (Financial Technology) companies than banks when it comes to foreign currency exchange. What benefits can businesses gain from using a specialist provider?
NAO advises government to focus on UK SME spending
A newly published National Audit Office (NAO) report has analysed the UK government’s recent attempts to increase spending on domestic SMEs, while also evaluating how Westminster’s longer-term pledge can be realised. So far the government appears to be ahead of schedule, but can there be further progress for UK SMEs seeking public sector contracts?
Corbyn calls for banking reforms to support UK SMEs
Labour Party Leader Jeremy Corbyn used March 2016’s British Chambers of Commerce annual conference to call for change in the UK banking sector.
Liquidity Returns to UK SME Finance Markets
New research indicates that investment in the UK’s small businesses may be on the rise for the first time since the financial crisis. What opportunities does this present to SMEs?
Court action on the rise for SMEs
New research from financial data service provider Ormsby Street indicates that more SMEs are being compelled to resort to court action to collect outstanding debts. What's behind this trend, and how will business owners be affected?
The cost of auto-enrolment for SMEs
The cross-party Public Accounts Committee recently raised concerns about new legislation that will require SMEs to register their employees for workplace pensions. What exactly is expected of SMEs under the new scheme, and how can they cope with the change?
Are UK SMEs and TTIP on a collision course?
Negotiations on the controversial Transatlantic Trade and Investment Partnership (TTIP) continue to ruffle feathers in the business world – but what exactly isTTIP, and how will it affect UK SMEs?
What will the move to GAAP reporting mean for SMEs?
The Financial Reporting Council (FRC) withdrew the Financial Reporting Standard for Smaller Entities (FRSSE) at the start of 2016, meaning that SMEs will now be expected to follow generally accepted accounting principles (GAAP) reporting. What does the new accounting regime mean for SMEs?