Month: January 2014

Two thirds of SME’s indicating growth

Two thirds of SME’s indicating growth Nearly 70% of SME’s are showing signs of growth according to R3’s latest Business Distress Index, displaying one of the five, key growth indicators – investment in equipment, increased sales volume, business expansion, increased profits and growing market share. The study also revealed that 44% of all businesses polled …



Accountants could undertake legal work

Chris Grayling, the Justice Secretary, is considering whether to let the ICAEW become the first non-legal body to license legal work. Vernon Soare, the institute’s executive director for professional standards, said it was “inevitable that there will be an element of competition” between accountants and law firms after the rules on legal practice were eased …



Retail Insolvencies Loom

The Centre for Retail Research has claimed that 12,000 outlets could close in 2014, an increase of 2,000 over 2013. CRR director Professor Joshua Bamfield blamed the migration to online shopping and the cost of living squeeze. He urged the Government to freeze business rates for two years and link them to turnover to allow …