The Department for International Trade has announced a partnership with FinTech Alliance, a community driven platform for businesses in the FinTech sector. The alliance has been set up to support the continued growth of the sector.
Small businesses owe a total of £14 billion in unpaid tax, according to figures published by HMRC. Failure to take reasonable care and tax errors are key reasons why small businesses underpay their tax.
Official figures have revealed that the government-backed Start Up Loans scheme has loaned £500 million since 2012. Overall, around 14,000 start ups in London have received a total of £118 million from the scheme.
A new report from the Foundation for Social Improvement has indicated that three in 10 small charities are worried they could be forced to close over the next 12 months, compared with one in 10 in 2013.