Author Archives: myersclark

Philip Hammond faces a tricky Budget Day on 22 November 2017.

There are more than ½ million new start-ups each year, with last year alone having a record number of 657,790. However, shockingly, it is estimated that 1 in 5 of those will fail in the first year, and more than half will fail in the first 5 years.

Adapting to change and monitoring flexibility is vital to implement best practice and stay ahead of the curve.

Open Banking is the new directive entering the UK banking industry in January 2018. It requires banks to transfer confidential customer data to third parties with an aim to innovate the overall banking sector.

When a business is successful and experiences rapid growth as a result, there is the potential for some employees to struggle to maintain their ‘fit’ within the company and its new size and direction.

UK spending online has increased by 1.4% in the last year. Online transactions account for a third of all card payments and equated to roughly £15.4bn in a single month alone.

Changes will bring greater synchronisation of data, streamlined processes and efficient management.

With many successful businesses growing, succession planning can be overlooked. According to a survey by the insurer Nationwide, 60% of business owners said they did not think a succession plan was necessary.

The rates for business mileage have not changed since 6 April 2011. Although, believe it or not, the average fuel prices for petrol and diesel have actually come down over that same period!

New ring-fencing rules see banks change 1 million customers account details. HSBC is one of the first banks to take action.