Clemence Hoar Cummings Blog

Card is king, according to a new study

Posted in blogs | Posted on 18 Aug, 2017

Around half of customers would walk away from a business if cash was the only payment option, a new study has revealed. First Data, which published the research, found that UK SMEs risk losing one in every…

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Businesses bogged down by misconceptions of R&D tax relief

Posted in blogs | Posted on 17 Aug, 2017

A new study suggests that British small and medium-sized enterprises (SMEs) do not fully understand Research and Development (R&D) tax relief – and that many could be missing out as a result of their…

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Start-up insurance should be considered as “essential from day one”, says study

Posted in blogs | Posted on 16 Aug, 2017

Just four in 10 businesses operate with insurance in their first three years of trading, a new study has revealed. AXA, which published the research, suggested that Britain’s two million self-employed…

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eBay business sellers face 20 per cent VAT fees

Posted in blogs | Posted on 15 Aug, 2017

Following changes to eBay’s corporate structure, thousands of traders on the platform are now required to pay 20 per cent Value Added Tax (VAT) on all fees incurred. Changes were made effective on 1…

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Almost one million taxpayers wrongly pursued by HMRC over late tax returns

Posted in blogs | Posted on 14 Aug, 2017

HM Revenue & Customs (HMRC) has come under fire from MPs and tax and accounting bodies, after news emerged that almost one million innocent taxpayers had been wrongly pursued over late tax returns…

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Less than three per cent of SMEs financed through bank referral scheme

Posted in blogs | Posted on 11 Aug, 2017

Less than three per cent of SMEs referred to ‘alternative’ lenders through the bank referral scheme have obtained finance, the Treasury has revealed. Just 230 small businesses found success through…

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SMEs urged to explore mobile marketing opportunities

Posted in blogs | Posted on 10 Aug, 2017

UK small and medium-sized enterprises (SMEs) need to explore digital and mobile marketing opportunities in order to remain competitive with larger firms and established brands in the digital age, a new…

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UK employees miss out on average pay rises as pay growth remains weak

Posted in blogs | Posted on 9 Aug, 2017

According to the latest report from the Bank of England’s network of regional agents, employees are set to receive around a two to three per cent pay rise this year, which is small in comparison…

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SMEs hit by cyber attacks could face hefty penalties under the GDPR

Posted in blogs | Posted on 8 Aug, 2017

UK small and medium-sized enterprises (SMEs) that suffer data breaches of any kind after May 2018 could be hit with hefty penalties under the upcoming General Data Protection Regulation (GDPR). The GDPR…

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Almost 90 per cent ‘dissatisfied’ with business rates appeals system

Posted in blogs | Posted on 7 Aug, 2017

Almost 90 per cent of users are ‘dissatisfied’ with the UK’s existing system for appealing business rates decisions, a Freedom of Information (FoI) request has revealed. According to reports, the…

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