Hiscox has set aside $150 million to cover losses linked to Hurricane Ida and floods in Europe, more than City analysts had expected, but rising rates have enabled it to report strong premiums written this year.
Category: Finance
Financial advice for owners and managers of small and medium sized business SMEs in the UK All your tax, borrowing and administration advice
Overdue invoices costing 75% of business time new survey shows
Businesses and accounts departments are spending too much time chasing overdue debts when that time would be better spent in advising their sales teams on who to do business with or not in the first place.
Insolvencies set to rise as creditors go to the courts
A sharp rise in creditors using court action to recover debts has fuelled fears of a jump in insolvencies.
Shipping firms that fly red ensign flag to be offered tax breaks
Global shipping companies will from April 2022 be offered tax breaks if they fly the UK’s historic merchant shipping flag, the red ensign.
Rishi Sunak splashes the cash in giveaway budget
Rishi Sunak today repudiated austerity as he used better than expected economic growth to boost spending on public services.
Fears over the future of free debt advice
There is growing concern that free, face-to-face advice which helps hundreds of thousands out of debt each year could be cut.
UK’s buy now, pay later credit industry to face regulation even though limited evidence of harm
Tighter regulation of the buy now, pay later credit industry is on the way, though the government has concluded there is “relatively limited evidence” of widespread consumer harm.
Experts say £10,900 a year needed to retire
A single person will need post-tax annual income of £10,900 for a minimum standard of living in retirement, academics have estimated.
NIC changes have come at a tricky time for SMEs
The Government’s decision to increase national insurance contributions (NIC) by 1.25 per cent from April 2022 has come at a tricky time for SMEs, many of which are struggling with the operational issues and the fallout of the pandemic.
Tax lost in UK due to fraud amounts to £35bn – almost half, say campaigners
The amount of tax lost in Britain through non-payment, avoidance and fraud has increased to £35bn, according to official figures.
JP Morgan unveils Chase, its UK digital bank
JP Morgan Chase is aiming to become one of the biggest lenders in Britain through the launch of a new digital bank next week.
Personal Guarantee backed loans risk being dismissed in favour of credit cards and overdrafts
Purbeck Personal Guarantee Insurance is urging entrepreneurs to educate themselves on the pros and cons of signing a personal guarantee
PayPal raises fees between UK and Europe
PayPal is introducing new fees for payments between businesses in the UK and those in Europe, from November.
5 Ways to simplify your business accounting
Accounting is one of those things that most people find confusing and frustrating.
Beyond Covid-19: Homeworking Expenses and the tax rules you need to know about
It would appear that home working is here to stay, at least in some form. Employers and employees are having conversations around agile or smart working, and getting ready for the day when working from home is no longer mandated but, rather, a choice.
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