• Small Business

    Summer tax deadline for the self-employed is just two weeks away and failure to pay means a hefty fine: Here's what you need to know

    July 31st seldom makes headlines like January s tax return deadline, yet millions of self-employed people must make a payment to HMRC by the end of the month or face interest charges.For Britain s five million self-employed people, every January sees a tradition as familiar as the previous month s tinsel and fairy lights their annual tax return.But while HMRC goes to great lengths to remind everyone who needs to complete a self-assessment tax return to do so by the 31 January deadline, it remains all but silent about the other big tax deadline in the self-employed person s ...

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  • Small Business

    Equine and livestock insurer launches brand with more than 20 lines of cover - and adverts star Mr Benn

    An equine and livestock insurer is launching The Insurance Emporium, a brand with more than 20 lines of cover from pet and motor to hobbies and events such as fishing, weddings and golf.Chief executive Francis Martin said the brand was designed to be an 'all-in-one' lifestyle insurance provider. It is being launched with an advertising drive featuring 1970s magical TV character Mr Benn, right, who will have insurance in place for all his pastimes. Martin said: 'The firm was formed in 1932 but the product mix has changed. I see something different every day.'

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  • Small Business

    London-based mobile banking start-up Curve bags 8m of investment after signing up 50k users

    Curve, a mobile banking start-up that combines all cards into one MasterCard, has raised $10million ( 8million) from Santander, Investec and venture capitalists.The firm, based in London, aims to help European banking providers meet the demands of mobile-savvy consumers.The Curve MasterCard can be used to spend money from card-linked accounts and a mobile app can manage money in one place. It is currently available to entrepreneurs, freelancers and small business owners in the UK and can be used anywhere in the world that accepts MasterCard.Curve is founder and chief executive Shachar Bialick's fifth start-up. He ...

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  • Small Business

    Government urged to reveal full details of its 'Making Tax Digital' plans after bowing to huge pressure to rethink controversial initiative

    The Government has been urged to reveal full details of its Making Tax Digital plans after bowing to huge pressure to rethink the controversial initiative.A revised timetable was revealed last week, nearly two years after The Mail on Sunday highlighted fears that the move would be 'an absolute dog's dinner.' Former Chancellor George Osborne revealed that annual self-assessment would come to an end by 2020 in his 2015 Autumn Statement, compelling small businesses to file figures quarterly just as the country's biggest firms dropped quarterly reporting to shareholders. [media_photo id="870637" height="385" width="634" alt="Tax is taxing: Former Chancellor George Osborne revealed ...

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  • Small Business

    Sports nutrition brand Tribe working on hydration product inspired by exhaustion athletes experienced in 35 degree heat

    Sports nutrition brand Tribe, whose founders will today complete a 2,000km duathlon from Sarajevo to London to raise 250,000 to fight human trafficking, is to work on a hydration product inspired by exhaustion the athletes experienced as a result of 35 degree heat in France.Tribe products are delivered in subscription packs of six and are delivered weekly, fortnightly or monthly. Last month the business raised 1.75 million on crowdfunding platform Crowdcube. Challenge: Founders Tom, Guy and Rob have used the products for extreme ...

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  • Small Business

    By 2020 half the British workforce will be freelancing predicts founder of PeoplePerHour

    Full-time employment is disappearing and by 2020 half of the workforce will be freelancing, predicts Xenios Thrasyvoulou, founder of marketplace PeoplePerHour.In the week that the Government review into 'gig economy' work was published, he said: 'The Taylor Review shows the workforce is shifting and the model of full-time employment is becoming obsolete. 'It's almost impossible for businesses to ignore this evolution. Forecast: The workforce is shifting, said Xenios Thrasyvoulou'We predict by 2020, 50 per cent of the workforce will be self-employed and contributing more than 51 billion to ...

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  • Small Business

    My son borrowed 200,000 to set up his own business, but five years later he's refusing to repay me

    In 2012 my son asked me if he could borrow 200,000 for a business he was planning on setting up.I agreed to the loan and he told me he would pay me back half of the money within the first few weeks of setting up the business.The rest of the money would be paid afterwards although we didn t actually agree on a time frame for this. It s now been five years since I transferred the money and I m having a lot of trouble trying to get it back. [media_photo id="868601" height="342" width="634" alt="Help: I gave my son ...

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  • Small Business

    Tax is 'too hot to tackle' in the gig economy probe, top accountants fear - and they're already calling for a second review

    Top accountants fear a crucial probe into the gig economy may dodge controversial questions on tax and are already calling for a second review.The Taylor Review on modern employment practices, which is expected to be published this week, was commissioned to investigate the boom in self-employment and its effect on workers and firms.But accountancy body The Institute of Chartered Accountants in England & Wales said it feared the issue of how the self-employed pay tax would not be a top priority as it was a political hot potato . [media_photo id="849774" height="424" width="634" alt="Boom: Delivery workers are often self-employed - ...

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  • Small Business

    Smashing! Smartphone repair store iSmash to double sales as business expands rapidly

    iSmash, the high street tech repair business, expects to more than double its turnover from 6 million to 13 million this year through an ambitious UK-wide expansion.Founder Julian Shovlin, 26, opened his first store outside London in Manchester s Arndale Centre last week. Expansion: Smartphone repair store to double sales as high street business expands rapidlyShovlin, who started the firm which guarantees repairs within 30 minutes when he was just 20, said he will open 13 new outlets across the UK this year. ...

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  • Small Business

    Carol Smillie wins a global deal for her underwear range Pretty Clever Pants for women who suffer from bladder weakness

    Smarty pants: Carol Smillie s range of her range of underwear is to be sold internationallyCarol Smillie, the former presenter of BBC home makeover show Changing Rooms, has signed a global licence deal with television shopping channel High Street TV for her range of underwear.In 2012, she launched DiaryDoll women s underwear with a waterproof layer designed to help those with the worry of heavy periods. When she launched it with TV presenter and former tennis player Annabel Croft, ...

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  • Small Business

    Cyber attacks aimed at UK businesses rocket by more than 50% in a year to 65,000 PER FIRM

    The number of cyber attacks targeting UK-based businesses increased by more than half in the second quarter of 2017, according to a new report.Through analysis of real-time attacks, business internet service provider Beaming calculated that firms were, on average, subjected to almost 65,000 internet-borne assaults each in the three months, an increase of 52 per cent on the first quarter. The number of cyber attacks targeting UK-based businesses increased by more than half in the second quarter ...

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  • Small Business

    Confidence among small businesses dives - and most think Brexit uncertainty is the biggest challenge facing government

    Business confidence is down by nine percentage points compared with the start of the year, according to a survey seen exclusively by The Mail on Sunday.Uncertainty brought about by Brexit is the biggest challenge facing the Government, according to the latest SME Confidence Tracker, a quarterly survey of more than 1,000 small and medium enterprises from funding provider Bibby Financial Services.Fifty-nine per cent of respondents said that uncertainty caused by Brexit is damaging to the Government's ambition for a more productive and prosperous economy. [media_photo id="849671" height="437" width="634" alt="Business confidence is down by nine percentage points compared with the start ...

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  • Small Business

    'I almost went to uni just to tick a box, but instead I built a shoe firm loved by the stars': Meet the 22-year-old behind luxury British-made footwear brand Duke + Dexter

    University education is all well and good but it's not the sole route to business success. Skipping higher education and forgoing a degree doesn't have to zap your prospects. In fact, there are a number of youngsters who are thriving.Archie Helwett, who founded premium footwear business Duke + Dexter at the tender age of 18, is one of them. Now, at the age of 22, he sells his luxury British-made shoes around the world - and they've won celebrity fans, from Tinie Tempah, to Snoop Dogg and Eddie Redmayne. [media_photo id="844291" height="458" width="634" alt="Duke + Dexter is the brainchild of ...

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  • Small Business

    I run a small marketing firm, how much do I need to worry about cyber-security?

    I run a small consultancy firm advising big companies on marketing do I need to be worried about cyber security and if so, what should I do to protect my firm? Almost half of UK businesses fell victim to a cyber breach or attack last year according to official government figuresMyron Jobson, of This is Money, says: This is increasingly a really important consideration for business owners, whatever their size or market.Indeed, the recent WannaCry ransomware ...

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  • Small Business

    EU vote puts the squeeze on savings habit among small and medium-sized companies

    Small and medium-sized enterprises are saving 20 per cent less than in the run-up to the EU vote, with average balances now 446,000.Meanwhile, the average current account balance is 409,000, a three per cent drop in a year, according to a study.Challenger bank Hampshire Trust, which conducted the research with researcher Coleman Parkes, said this meant that on average, for every 1 in a current account, an SME holds 1.09 in a savings account - a fall from 1.31 in 2016. [media_photo id="826812" height="427" width="634" alt="Financial squeeze: Small and medium-sized enterprises are saving 20 per cent less than in the ...

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