What is the overall cost to British SMEs of employees dedicating time to finance related tasks? That’s the question the business spending account Soldo asked to 1,200 companies across various industries and the results are a must read for anyone interested in effective business management. In an era where technology purports to streamline finance operations
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Half of SMEs lost money on self-assessment errors in 2016
by Owen Gough • • 0 Comments
Can HMRC successfully Make Tax Digital while still struggling to push out the self-assessment protocol? A survey of 1000 UK SMEs, commissioned by cloud accountancy software Pandle, reveals that despite feeling well informed on the recent changes to the system, almost half (49.23 per cent) of all SMEs have lost money in the submission process. In light
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UK businesses hit 43,000 times each by cyber attacks in 2017
by Owen Gough • • 0 Comments
UK businesses were subjected to almost 43,000 cyber attacks each, on average, in the first quarter of 2017, with hackers doubling their efforts to take control of Internet of Things devices in the workplace, according to a report from Beaming, the business ISP. Most (92 per cent) of internet-borne cyber attacks on UK businesses targeted
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British employers increasingly offer unusual workplace perks
by Owen Gough • • 0 Comments
British employers are increasingly using unique and unusual workplace benefits to attract top talent to their organisations, shows latest research from jobs search engine Adzuna. The study analysed 1 million+ open roles featured on Adzuna in April 2017, and highlights some of the more unusual perks currently being advertised. Trips abroad, huge cash bonuses, and
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Young female workers struggle with stagnant wages, research shows
by Owen Gough • • 0 Comments
Data released today by the Office for National Statistics shows that 473,000 women aged 16-24, are out of work and full-time education. Those who are working face stagnant wages, while the cost of living continues to increase. Commenting, Young Women’s Trust chief executive Dr Carole Easton OBE says, ‘Today’s figures show that half a million
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Half of employers see increase in stress and mental health illnesses
by Owen Gough • • 0 Comments
Aon Employee Benefits, the UK health and benefits business of Aon plc, says that its annual Benefits and Trends Survey shows 55 per cent of employers see an increase in the number of stress and mental health related illnesses. The survey also shows that while 72 per cent of employers believe they had a key role in
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SMEs slash costs to get fit for strong growth in 2017
by Owen Gough • • 0 Comments
Controlling fixed costs is the number one objective for small business looking to secure growth in the year ahead – and there is an upturn in the proportion of SMEs planning to expand their workforce in 2017 – according to new research by Hitachi Capital Business Finance. At a time when the rise in electricity
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Mothers found to be paid 3 per cent less at work per child
by Owen Gough • • 0 Comments
Mothers are paid 3 per cent less for every child they have, compared to their female colleagues who do not have children, new research from Université Paris-Saclay reveals. Fathers suffer no such penalty at all. Lionel Wilner, director of graduate studies at engineering and statistics school ENSAE, founding member of Université Paris-Saclay, studied 16 years of
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Why businesses are still failing to meet digital demand
by Owen Gough • • 0 Comments
Digital methods of doing business are no longer viewed as a ‘nice to have’ by consumers or business professionals – they are an absolute prerequisite. Almost 90 per cent of consumers want the option of completing transactions digitally which poses a huge challenge – and opportunity – for businesses of every size and industry. That is
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SMEs owed more than £44.5 billion in late payments
by Owen Gough • • 0 Comments
Results from the latest Zurich SME Risk Index shows more than half (52 per cent) of Britain’s small-and-medium sized enterprises are owed in total an estimated £44.6 billion in late payments. The survey of over 1000 SME owners and decision makers shows that more than one in five (21 per cent) are owed more than £25,000 and
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