Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 19th August , 2022

Small businesses taking out bigger overdrafts Small businesses are taking out larger overdrafts amid mounting cost pressures and reduced consumer spending. Research shows that the value of overdrafts used by SMEs increa[...] continue reading

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

HMRC hikes interest on unpaid tax to 4.25% HMRC is increasing interest rates on unpaid tax to a 13-year high of 4.2%. This is six times the rate paid on money it owes and marks a 1.5% increase since the start of 2022. Wh[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 17th August , 2022

Action from yesterday's testing of the newly built Harris & Co motorsport accountants backed Mk1 Escort at Walters Arena.[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 15th August , 2022

SMEs flag survival fears as finding finance proves harder Analysis by financial comparison site NerdWallet shows that a third of SMEs in Britain fear their business will collapse if they are unable to access finance, suc[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 12th August , 2022

BoE raises rates to 1.75% and warns of year-long recession The Bank of England raised interest rates by 0.5 percentage points to 1.75% on Thursday, the biggest increase in 27 years, with a prediction that inflation would[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 11th August , 2022

As the number of furlough fraud whistleblowers approaches 14,000, HMRC is picking up the pace on pursuing businesses that fraudulently claimed furlough So far, 13,775 whistleblower reports have been received by HM[...] continue reading