Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 24th November , 2022

Hunt’s R&D relief cut will drive small motorsport firms out of business Figures from the Office for National Statistics show firms employing fewer than 250 staff hiked research and development (R&D) spendin[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 22nd November , 2022

Contraction bleak news for small businesses Responding to the news that the UK economy contracted over the third quarter, the national chairman of the Federation of Small Businesses, Martin McTague, said: “Confirm[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 21st November , 2022

SMEs struggling to get loans A poll for asset manager Channel Capital suggests that SMEs, including motorsport businesses, are struggling to get loans from high-street banks. The survey saw three-fifths of SMEs, includi[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 18th November , 2022

SMEs face energy bill ‘cliff-edge’ A poll from the British Chambers of Commerce (BCC) shows that almost half of SMEs fear they will be unable to pay their energy bills once the Government’s support pack[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 15th November , 2022

The value of R&D tax credits relief claimed by UK businesses has fallen for the first time since the scheme began in 2000, down by £275m in a year Recent research found that the value of claims fell by 4% from[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 14th November , 2022

Freeze could deliver stealth tax raid As they look to balance the books and address a gap in public finances, Prime Minister Rishi Sunak and Chancellor Jeremy Hunt could leave income tax thresholds at their current rate,[...] continue reading