Browsing: businesses

Auto repair businesses come with their own set of challenges, and one of the biggest ones involves the disadvantages of seasonal work. As a garage owner, you might have noticed fluctuations in demand throughout your career. These fluctuations happen because the auto repair industry is directly impacted by seasonal changes. They have a high chance of disrupting even the most established garages. One way to stay on top of these seasonal ups and downs is by using TechMan’s garage management system. This type of software helps garages manage their staff and inventory more effectively, making it easier to maintain smooth…

Why businesses overpay tax in emerging markets and how to avoiFor UK businesses expanding into emerging markets, the prospect of growth can be very appealing. But that promise often comes with hidden costs, especially in tax. Without careful planning, misunderstandings of local rules, double taxation issues, and weak transfer pricing policies can eat into profits. Here, we explore the most common reasons companies overpay tax abroad and a clear roadmap to help avoid those pitfalls. 1.   Navigating Complex International Tax Rules Emerging markets often have tax regimes that evolve quickly, with shifting legislation, sometimes opaque regulations, and diverse local practices.…

Many small businesses in the UK face higher costs each year. While rent and wages are easy to spot, IT costs can hide in everyday tasks and services. These unnoticed costs add up over time, making it harder for businesses with smaller budgets or fewer technical staff to manage their spending. Remote IT management has changed how businesses handle their technology needs. Despite these advances, many organisations still face inefficient support systems. The traditional approach of on-site IT visits causes major workflow interruptions and results in higher bills due to premium hourly charges. Outdated remote access solutions also create problems,…

A Sustainable Future Starts with Small Businesses In the push toward net zero, small businesses in the UK are playing a growing role in building a sustainable economy. While large corporations may get most of the media attention, SMEs make up 99% of the business population, and their contribution to the energy transition is vital. Adopting renewable energy may seem ambitious for small enterprises, but it’s now more accessible, cost-effective, and rewarding than ever. And the benefits go far beyond the environment. From financial savings to increased energy independence and customer loyalty, going green is a strategic investment for the…

A new study has found the Health and Social Care industry is the best for businesses in the UK, growing 8.06% since 2022 In second place is the Real Estate industry, growing 5.06% and the Education industry is third with 3.27% growth The worst industry for British businesses right now is the Transportation and Storage industry, losing 16.51% of businesses New research has revealed the best growing industries for businesses in the UK, with Health and Social Care at the top. Experts at MRP software for small manufacturers MRPeasy collected business birth and death data from the Office for National Statistics to…

With the Autumn Budget just days away, concerns are mounting across all sectors about the rising cost of living and its impact on businesses and entrepreneurs. Health Secretary Wes Streeting has warned of “difficult and big choices” ahead, while Shadow Chancellor Rachel Reeves faces the challenge of addressing a £14 billion deficit in the budget. As the government prepares for this critical financial announcement, there is growing consensus that the budget must go beyond short-term investments and deliver comprehensive reforms across all sectors. Sustainable spending solutions and future-proofing measures have never been more urgent. Businesses are particularly anxious about how…

A new global study has revealed significant anxiety among U.S. businesses regarding their compliance with the Corporate Transparency Act (CTA). Research conducted by CSC, a leading provider of global business administration and compliance solutions, shows that a staggering 83% of senior legal and compliance executives are worried about their organisation’s adherence to the CTA. Furthermore, 76% believe the Act is causing widespread concern among U.S. businesses as a whole. Remarkably, only 1% of those surveyed report no concerns about their CTA compliance. The CTA, which came into effect on January 1, 2024, aims to enhance national security and combat corruption,…