Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 28th November , 2022

The government’s freeze on income tax thresholds will see some motorsport workers’ tax bills rise by the equivalent of a 3.5% hike in the headline rate of tax Someone on a salary of £50,000 [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 25th November , 2022

Motorsport Businesses fear for their futures A poll by software company FreeAgent shows that a quarter of SMEs believe the economy has been damaged irreversibly by the pandemic. It was also shown that 64% of busine[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 24th November , 2022

Hunt’s R&D relief cut will drive small motorsport firms out of business Figures from the Office for National Statistics show firms employing fewer than 250 staff hiked research and development (R&D) spendin[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 22nd November , 2022

Contraction bleak news for small businesses Responding to the news that the UK economy contracted over the third quarter, the national chairman of the Federation of Small Businesses, Martin McTague, said: “Confirm[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 21st November , 2022

SMEs struggling to get loans A poll for asset manager Channel Capital suggests that SMEs, including motorsport businesses, are struggling to get loans from high-street banks. The survey saw three-fifths of SMEs, includi[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 18th November , 2022

SMEs face energy bill ‘cliff-edge’ A poll from the British Chambers of Commerce (BCC) shows that almost half of SMEs fear they will be unable to pay their energy bills once the Government’s support pack[...] continue reading