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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.
The Forum for Private Business has called for schools to play a leading role in encouraging entrepreneurship amongst young people.
Search engine giant Google has announced a 12 month campaign to get businesses in Wales to start using the web.
october 2009
Small businesses could lose up to £5,000 as a result of the postal strikes, according to the Federation of Small Businesses (FSB).
In their survey, the FSB discovered that 46% of SMEs expected to lose between £500 and £5,000 due to the national strikes of postal workers.
"National postal strikes have a devastating impact on already struggling small businesses. The wildcat strikes across the regions have already cost small firms dearly, with many predicting the cost to their business reaching several hundred pounds, but these national strikes are having a much more damaging impact," stated FSB National Chairman, John Wright.
"Small firms rely on the Royal Mail to send their business post but they are caught in a classic Catch-22 situation with many considering deserting Royal Mail because the service is unreliable, but at the same time are unable to afford alternative carriers."
Many small firms are also concerned about Christmas trading, as further strikes during this period would have a huge impact on smaller companies.