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OMB

Onwards and upwards - could digital transformation be the key to business recovery?

Our latest Owner Managed Business (OMB) survey shows that although the proportion of businesses saying they are highly confident in the overall outlook has more than doubled over the past 12 months, business owners are not out of the woods yet. Could technology be the key to business recovery post-pandemic?

A third of OMBs now planning to make redundancies

33% of owner-managed businesses in the UK are planning to make redundancies now the safety net of furlough has been removed according to our latest Owner Managed Business (OMB) survey results.

A long road to recovery for owner managed businesses?

Our latest Owner Managed Business (OMB) survey is a tale of contrasts. Many businesses are still struggling with the effects of the pandemic while others are thriving.

Recovery and Resilience Grant scheme open for applications

The Recovery and Resilience Grant scheme which provides funding to businesses who wish to invest in new technologies, machinery, and plant equipment, is open for Expressions of Interest. 

Light at the end of the tunnel for OMBs?

Our latest Owner Managed Business (OMB) survey looked at the impact of the pandemic on businesses across the UK. Although business confidence remains low, we are starting to see positive signs of improvement and recovery amongst Owner Managed Businesses, with many optimistic about a better performance in 2021, and a growing number looking to increase their headcount in the coming months.

June furlough claim deadline

Furlough claims made in June 2021 must be submitted to HMRC by Wednesday 14 July 2021.

End of furlough: are you prepared?

There is still a large number of employees in the UK that are furloughed. However the furlough scheme (also known as the Coronavirus Job Retention Scheme) is scheduled to end this year.

How to import goods into the UK

If you are new to the import process this beginners check list will provide you with what you need to do.

Advisory Fuel Rates for company cars until 1 June 2021

HMRC recently released the Advisory Fuel Rates (AFR). The AFR will only affect company car users and will last until 1 June 2021 when the next quarter's rates will be applied.

HMRC ARE CONTINUING TO STRESS NO EXTENSION TO SELF ASSESSMENT DEADLINE (BUT ARE THEY SECRETLY YIELDING TO PRESSURE?)

HMRC have issued a letter addressed to the main accountancy bodies on the extension of the filing deadline and waiving of late filing penalties after 31 January 2021.  

Working from home: what Directors can claim for

We look at the rules around what the Directors of owner managed businesses can claim for when their employees are working from home. 

How long does it take to sell a small business?

The agreed sale price of a small business for sale, is influenced by a number of factors including revenues, business category, the business location, cash flow multiples and of course, the asking price. Although these factors are important in monitoring small business sales another overlooked factor speaks to fundamental market conditions, in particular the amount of time the business spends on the market. It is possible to study the health of the market by looking at the factor of time as it can determine the demand among buyers and expectations of sellers.

How will the VAT reverse charge for construction work?

From 1st October 2019 a VAT reverse charge will apply in the UK to supplies of construction services, this will mean that around 300,000 construction businesses will be required to change their accounting systems.   

Most small businesses receive funding boost

The overwhelming majority of small businesses that applied for finance in the first six months of 2018 were successful, statistics show.

Most small businesses receive funding boost

The overwhelming majority of small businesses that applied for finance in the first six months of 2018 were successful, statistics show.

Invoice discounting with larger customers

Suppliers who sell goods and services to larger concerns often find that the terms of their supply, limits or bans the process of factoring the debts to release funds into cash flow.  

Invoice discounting with larger customers

Suppliers who sell goods and services to larger concerns often find that the terms of their supply, limits or bans the process of factoring the debts to release funds into cash flow.  

Powered by people and technology: the retail and wholesale sector view

This year we have found a slight bounce back in confidence among OMBs in the sector in achieving revenue and profit targets.

Moore relaunch the Owner Managed Business Award Category for the South Coast Business Awards

We are proud to be relaunching the Owner Managed Business award category for the South Coast Business Awards. ​

Moore relaunch the Owner Managed Business Award Category for the South Coast Business Awards

We are proud to be relaunching the Owner Managed Business award category for the South Coast Business Awards. ​

Are owner managed businesses missing out on public sector contracts?

The UK public sector spends around £200bn per year, on the procurement of both goods and services from third parties, but it is believed that not enough of this is with the owner managed businesses (OMB's).

Are owner managed businesses missing out on public sector contracts?

The UK public sector spends around £200bn per year, on the procurement of both goods and services from third parties, but it is believed that not enough of this is with the owner managed businesses (OMB's).

How long does it take to form a company?

According to Companies Made Simple it is currently taking Companies House around 15 hours to process limited company incorporations.