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"Any views or opinions expressed in these blogs are solely those of the author and might not represent those of Access Credit Management Limited."

Small Business Owners are Vital to the UK Economy

Here in the UK we rely on small to medium businesses like your own as they’re such a vital part of our economy.  Last year there were 5.7 million businesses in the UK and more than 99% of these were small or mediums sized businesses (employing 0 – 249 people).  A massive 5.5 million businesses were micro-businesses employing fewer than 10 people but accounting for 33% employment and 22% of turnover.  When it comes to business launches, 414,000 new businesses launched in 2017, compared with 328 business closures, meaning that business is still on the increase.  As for feminism, 21% of SMEs a

Small Business Owners are Vital to the UK Economy

Here in the UK we rely on small to medium businesses like your own as they’re such a vital part of our economy.  Last year there were 5.7 million businesses in the UK and more than 99% of these were small or mediums sized businesses (employing 0 – 249 people).  A massive 5.5 million businesses were micro-businesses employing fewer than 10 people but accounting for 33% employment and 22% of turnover. When it comes to business launches, 414,000 new businesses launched in 2017, compared with 328 business closures, meaning that business is still on the increase.

Retiring in Debt?

When it comes to retirement, things have changed radically here in the UK in recent years as we grow used to a much larger proportion of people over 65 and the extension of the retirement age in recent years.  With improvements in health care and lifestyles, we’ve gone from 14.2% of the UK population over the age of 65 in 1976, to 18% in 2016, with a projection of 24.7% of the population being over 65 by 2046.  This has huge implications for the economy as life expectancy continues to increase while the proportion of children declines.  The population of the UK is transforming – the proport

GDPR for Small Business Owners – Global Security

Last week we took a look at how to make sure you’re ready for the new GDPR (General Data Protection Regulation) rules that are due to come into force on 25th May, 2018.  As we said, there’s a lot of preparation to do for SME owners in order to comply as the new regulations require that companies protect all the personal data of their customers and employees at all stages of the processing lifecycle.  With so many businesses dealing with overseas providers and customers, it’s vital that data is protected and GDPR is European legislation that does not apply in the United States of

GDPR for Small Business Owners – How to Make Sure you’re Ready

Back in August last year, we brought you some information on the new data protection rules – General Data Protection Regulation, or GDPR will be introduced in May 2018.  Once the new rules are in place, UK businesses could be fined up to €20 million or 4% of their global turnover for not complying with legislation.  A survey carried out at the time revealed that only 22% of small businesses were aware of the changes to come. 

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