New Beginnings

Spring is here, the clocks have gone forward, lambing is under way, and the new tax year is upon us! Here are some of the changes to expect upon the start of the new tax year 2014/15: 1) Basic personal allowance tax band increase to £10,000. 2) The basic rate tax band has reduced to £31,865 … Continue reading New Beginnings

Small Business Loans: Small Banks vs. Large Banks

Small and medium enterprises will begin to drive economic growth in the UK during the next ten years, according to the Department for Business, Innovation and Skills. This contrasts sharply with the 20th century, in which large corporations were the main drivers of economic growth. SMEs that use new technologies such as communications and computers are … Continue reading Small Business Loans: Small Banks vs. Large Banks

How the Government is Providing Financial Support for Small Businesses

The government of the United Kingdom provides several financial programs for small and medium-sized enterprises in the form of grants and loans. The Enterprise Finance Guarantee and Enterprise Capital Funds are the primary sources of funding for SMEs. Both programs place restrictions on the size and type companies that are eligible for these funds. Enterprise … Continue reading How the Government is Providing Financial Support for Small Businesses