Exporting for small businesses

Selling goods and services overseas for beginners. Internationalising your client base can be an intimidating prospect for small business owners with no experience in trading overseas. Depending on your sector and your export destinations, deciding to sell products and services abroad can increase your expenditure, consume your time, and introduce new regulatory and administrative complexities.… Continue reading Exporting for small businesses

Pensions and auto-enrolment

37% of small businesses are paying above the 1% legal minimum contribution to an employee’s workplace pension. The People’s Pension survey of 898 business owners that have already passed their staging date found that the majority (70%) said auto-enrolment was beneficial to their staff.

Income and work

A quarter of employees have financial problems that are affecting their performance at work. A CIPD survey of over 1,800 UK employees found that 31% of those aged 18-24 are facing financial concerns that they feel are negatively impacting their ability to do their job effectively. 20% of those earning £45,000 – £59,999 say that… Continue reading Income and work

Retirement income

Median income for retired households rose by 3.1% between 2014/15 and 2015/16, according to the Office for National Statistics (ONS). The latest disposable income and inequality statistics show that median income for retired households at the end of 2015/16 was £21,800. This is an increase of 13% (around £2,500) from 2007/08. The median income for… Continue reading Retirement income

SME borrowing update

SME borrowing is projected to rise 22% in 2017, according to Zurich. The survey of 1,000 SME owners showed that firms are planning to borrow an average of £41,770. This would see lending to SMEs rise to over £50 billion in 2017. Anne Griffiths, head of SME proposition at Zurich, said: “Borrowing can often be… Continue reading SME borrowing update