Welcome to another small business news and current events round up. May 2015 sees the fallout from the majority results in the General Election 2015, as well as a new milestone for non-cash payments. Read on to find out the top stories for SMEs all over the UK.
Feature of the Week
It’s official – digital is truly taking over. The stats are in from The Payments Council, and last year only 48% of all payments taken were made in cash. The majority were made up of electronic transactions, including online transfers, debit card payments and cheque payments (which made up only 1% of payments in 2014).
It’s expected that the transferring of cash will continue to drop, with some predicting that cash payments will drop by another 30% over the next ten years. See this report from the BBC to find out more.
Small business owners say UK must stay in EU | The Independent
A survey of 1,000 small businesses has revealed that a third of SMEs feel that remaining in the EU should be a top priority of the new government – ahead of tax concerns and wanting a skilled workforce.
To see what else small businesses are wanting from the new Conservative government, check out this survey report from The Independent by clicking above.
Small businesses want a simpler PAYE system | SmallBusiness
Further research into what’s at the heart of most UK SMEs shows that a majority of small business owners would like a simplified payroll system – as well as a reduction in business tax; no doubt two areas that would make the day to day functioning of a small business much easier.
The research was conducted by Bibby Financial Services, and has a lot more insights into what SMEs were after directly after the election results – see the article above for more.
The 45 best films about business | The Telegraph
And, if you’re already tired of talking politics following the Conservative majority in the 2015 General Election, give your brain a break with this fun list of films
From Charlie Chaplin’s Modern Times, to the up and coming Steve Jobs biopic, you’d be surprised just how much the arts world likes to talk about business…