Union officials have warned that cuts to HMRC’s budget will lead to an increase in tax evasion and widen the gap between the revenue recovered and the amount actually due.
The freezing December weather caused 38% of small businesses to close and a further 41% to operate without their full complement of staff. The cost to the small business sector was in the region of £2.1bn.
The number of women taking on interim assignments, some through umbrella companies, has risen to an all time high, according to the latest market audit from the IMA.
In its election manifesto, the Conservative party promised to implement a fuel duty stabiliser and the FSB is urging them put it in place as soon as possible.
Advice website Smarta.com has predicted that small businesses could increasingly outsource some of their workloads this year and this could benefit umbrella company contractors.
The government is keen to see small businesses grow and to help this happen it has launched some new initiatives. It has also been announced that the New Enterprise Allowance scheme is to be extended in the hope of creating up to 40,000 new companies by 2013.