companies house made easy

self-assessment deadline extended

Sole traders, entrepreneurs and other individuals who are required to fill out self-assessment tax returns will not receive a late filing penalty if they make their submission on the 1st or 2nd of February.

schools must develop entrepreneurs

The Forum for Private Business has called for schools to play a leading role in encouraging entrepreneurship amongst young people.

google targets welsh SMEs

Search engine giant Google has announced a 12 month campaign to get businesses in Wales to start using the web.

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Shadow chancellor George Osborne announced an NI break for start-up firms’ first ten employees during the Conservative Party Conference in Manchester this week.

He estimates that the initiative will save small firms around £25,000 a year – but his calculations have been derided by Vince Cable, the treasury spokesman for the Liberal Democrats, who also believes that the money for the tax break will be at the expense of SMEs who are already established.

"The numbers Mr Osborne thinks this policy would help seem to have been plucked out of thin air.

"Many small businessmen will be shocked to learn that the Tories believe a start-up business has a wage bill of a quarter of a million pounds.

"What is most worrying is that this tax break for new businesses would mean that they will be able to undercut existing small companies who are already struggling,” stated Mr Cable.

The proposal has been met with mixed reactions from small business groups, such as the Forum of Private Business (FPB), who gave it a “cautious welcome”.