Finance Archives - SME News

Advice for Businesses Looking to Renegotiate Their Rent 0
- Business Advice, Finance, News
- 14th September 2020
The Coronavirus pandemic has been a difficult time for many of us due to a large number of factors. Aside from restrictions on personal freedoms and constant updates on the spread of the virus, many have been pushed into economic turmoil as a result of job insecurity or, in the case of business owners, diminished turnover. Even those who have benefitted from the government’s furlough scheme or wage top-ups for freelancers may find themselves in financial difficulty due to the knock-on effects of the pandemic.
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7 Methods to Take Better Care of Your Finances as a Small Business 0
- Finance, News
- 26th August 2020
No matter how in-demand your product idea is, or how exemplary your service as a business is, if your financial handling isn’t up to scratch, then this can easily lead your small business down a bad path — and could even risk failure altogether.
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‘Desperate’ Small Businesses Withdraw Estimated £22.4bn Savings to Stay Afloat 0
- Finance, News
- 15th July 2020
If the country remains in partial lockdown, 23 per cent of businesses expect to withdraw more than £10,000 from their business savings, with nine per cent saying their withdrawal amount may tip over £50,000.
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COVID-19 Cash Confusion Among Business Savers 0
- Business Advice, Finance, News
- 9th July 2020
Business owners are being urged to be “proactive and do research” when it comes to looking for best rates on savings accounts amid the pandemic. In the last few weeks, eight per cent of business owners surveyed have moved their cash savings to try to secure a better rate of interest. This comes as interest rates on savings accounts have been falling since the Bank of England cut its base rate to 0.1% in March this year.
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Is it Better to Buy or Lease a Car for Your Small Business?0
- Business Advice, Finance, News
- 7th July 2020
Small business owners will at some point likely be faced with a decision regarding a company car; should you lease or should you buy? Both have their benefits, but there are many things to take into consideration before making a choice. These include tax implications, financial commitment, and also that of the question of ownership. We explore whether it’s best to buy or lease a vehicle for a small business.
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How Can You Make Smarter Lending Choices?0
- Finance
- 20th May 2020
When looking to choose a new loan, it can be easy to go for the first deal you find or to just choose the last lender you went with. Although there is nothing wrong with doing either, you may be missing out on other smarter lending choices.
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