Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 25th August , 2022

Small businesses folding across UK as energy costs soar Growing numbers of small traders are closing their doors for good in the face of unaffordable costs driven by record inflation. Data published on Friday by the Fede[...] continue reading

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

Firms fined for deliberate corporation tax misinformation hits four-year high Figures obtained by City AM reveal the number of businesses fined by HMRC for deliberately obscuring their corporation tax affairs has climbe[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 23rd August , 2022

Small-business owners worry whether they will make it through the winter With soaring energy bills adding to existing financial pressures, there is concern over how SMEs - which employ around three-fifths of the UK workf[...] continue reading

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

Economy shrinks 0.1% in Q2 The UK economy shrank 0.1% in the second quarter, data from the Office for National Statistics (ONS) shows. The data also shows that the economy contracted by 0.6% in June. The decline over Q2 [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 19th August , 2022

Small businesses taking out bigger overdrafts Small businesses are taking out larger overdrafts amid mounting cost pressures and reduced consumer spending. Research shows that the value of overdrafts used by SMEs increa[...] continue reading

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

HMRC hikes interest on unpaid tax to 4.25% HMRC is increasing interest rates on unpaid tax to a 13-year high of 4.2%. This is six times the rate paid on money it owes and marks a 1.5% increase since the start of 2022. Wh[...] continue reading