Providing our members with the best tax protection cover for their business

Providing our members with the best tax protection cover for their business

Did you know that all Forum members spend considerably less than the average company spends of £6,570 that non-members pay in dealing with tax investigations? All companies that join the Forum have tax protection as part of their membership, saving small businesses thousands of pounds a year by not having to pay for a duplicate policy elsewhere. Every member […]

Businesses Need to know about Changes to BAC’s Internet Security in taking Payments

Businesses Need to know about Changes to BAC’s Internet Security in taking Payments

Bacs having responsibility for the clearing and settlement of UK auto payment methods such as Direct Debit and Bacs Direct Credit as well as the delivery services for 3rd party services such as Cash ISA Transfer Service and the development of the switch service. With more than 110 billion transactions have been debited or credited to […]

Asset Finance Solutions

Asset Finance Solutions

Asset finance from a leading merchant banking group. Asset finance is a sustainable form of funding that can enable a business to purchase or refinance capital assets such as commercial vehicles, print machinery, construction and plant equipment. Our partner, Close Brothers Asset Finance, understands that no two businesses are the same, and they offer fast […]

Legal Expenses Insurance

Legal Expenses Insurance

From the 1st January 2015, as a member of the Forum, you’re covered by a leading insurance policy which has been negotiated to provide your business with comprehensive protection against the most common legal pitfalls experienced by small businesses. It is supported by a helpline backed by one of the UK’s leading law firms. The […]

Online credit checking tool

Online credit checking tool

Check Business Pro is an online service that provides you with quality financial information on UK businesses. The full price is £25 per month, but Forum members can use the service for just £15 per month – a saving of 40%. Plus, there’s no minimum term and you can cancel your account at any time. […]

Forum survey shows SMEs still reluctant to switch, despite continued banking concerns

Forum survey shows SMEs still reluctant to switch, despite continued banking concerns

The Forum’s banking and finance survey indicates that just over half of small businesses surveyed were content with their current banking arrangements and thought they offered good or excellent value for money, with a further third suggesting it was an average offering. However businesses did indicate that bank charges and the reduction/calling in of loans […]

Forum of Private Business comment on Funding for Lending Scheme figures

Forum of Private Business comment on Funding for Lending Scheme figures

"Last week statistics showed small businesses were still reluctant to borrow, despite better conditions and credit available. Today that is shown in the disappointing net lending figures to small businesses.Commenting on the Funding for Lending Scheme figures, released today, Phil Orford, Chief Executive of the Forum of Private Business, said, "Last week statistics showed small businesses […]

Credit control templates

Credit control templates

Members can access free credit control templates, including invoice and terms & conditions of a contract, to help them manage cash flow. These templates, exclusively for Forum members, are editable so they can be used in your own business to create a good credit management policy so you can keep your cash flowing and your […]

Reducing cash flow worries and lowering business costs key Forum priorities for the Chancellor’s Autumn Statement

Reducing cash flow worries and lowering business costs key Forum priorities for the Chancellor’s Autumn Statement

Ahead of the Chancellor's Autumn Statement next month, national business group the Forum of Private Business has written to George Osbourne with a wish list of top business wants to help capitalise on recent signs of recovery and get Britain trading back at pre-2008 levels. Headlining its recommendations the Forum is calling on the Chancellor […]

Budget 2014 – The essential lowdown on what it means for your business

Budget 2014 – The essential lowdown on what it means for your business

The announcement was accompanied with a positive growth forecast from The Office of Budget Responsibility predicting growth of 2.7% this year, suggesting that we have surpassed the pre-crisis peak earlier than expected and pointing to improved forecasts for the year ahead.   The headline Budget announcements were on energy policies and export. When combined with […]

Need to know – Growth Vouchers

Need to know – Growth Vouchers

Last week, the government launched a £30 million Growth Vouchers scheme giving small businesses in England subsidised advice from thousands of experts on key topics such as financial management, recruitment, leadership skills, sales and marketing, and digital technology. The government has appointed regional partners to deliver the programme alongside Enterprise Nation who have developed a […]

Your Voice – how dependency of businesses on banks makes them vulnerable

Your Voice – how dependency of businesses on banks makes them vulnerable

This week sees the first major contribution of that positive move, a damning report alleging a very specific banking mis-practice of channelling businesses towards expensive and unnecessary 'turnaround' services. These services, rather than helping businesses to restructure, have contributed instead to their continued dependency on banks and in some cases insolvency. It is the latest […]

Your Voice – Cost of living v cost of doing business

Your Voice – Cost of living v cost of doing business

With the economy getting stronger the focus in the Commons has switched from whether the Government has pushed us into recovery (the now accepted case) into whether this is a recovery that can benefit everyone.   For many politicians, the ‘everyone’ is very much focused on individuals – the so-called ‘cost of living crisis’. With […]

The Cost of Doing Business – Infographic

The Cost of Doing Business – Infographic

Click here to read the full story on our latest Cost of Doing Business Survey. You can also see a summary of the key findings in the info graphic below.   [[{“type”:”media”,”view_mode”:”media_original”,”fid”:”197″,”attributes”:{“alt”:””,”class”:”media-image”,”height”:”2004″,”typeof”:”foaf:Image”,”width”:”600″}}]] http://www.fpb.org/blog/post/11/2013/Infographic—The-Cost-of-Doing-Business Nicholas Beeson According to our latest research business costs have continued to rise during 2013, with energy costs still the most commonly […]

Simplified accounting for sole traders and partnerships

Simplified accounting for sole traders and partnerships

From April 2013, the Government is proposing to introduce simplified accounting and expenses options for small, non-incorporated businesses. If you fall into this category, read on to find out what the changes mean to you and how you can have your say on the proposals. Following announcements on tax simplification made in March’s Budget, the […]

When cash runs short

When cash runs short

Cash keeps business in business. However healthy the order book and profit margin, if a business runs out of cash it won’t be able to pay its suppliers, its wages, or its overheads and it will fail. Can you answer yes to all these questions? Do you have sufficient cash or finance availability to meet […]

When all else fails

When all else fails

Sometimes, you just can’t get paid. You’ve done all the right things and the money has still not arrived. The longer the debt remains unpaid, the more likely it is to turn into a bad debt and bad debts damage your business. Legal action is always an option but there are others you should also […]

How to reduce your business tax bill

How to reduce your business tax bill

Business status Research from Unbiased.co.uk found that the biggest area of tax waste for small businesses was caused by not incorporating the business by becoming a limited company or limited liability partnership, accounting for £4.2bn of wastage. Of course, you should decide whether incorporated status is right for your business, something your accountant should be […]

When your customer goes bust

When your customer goes bust

Types of insolvency It helps to understand the main types of insolvency (for more detailed information see www.insolvency.gov.uk). Bankruptcy Bankruptcy can only apply to individuals (including sole traders and individual members of a partnership). Bankruptcy petitions may be presented to the court by the individual, by creditors who are owed £750 or more, or by […]

Banks appeals process for businesses

Banks appeals process for businesses

Britain's largest banks have recently agreed a new set of principles, which set out exactly what businesses should expect when appealing. These principles will be monitored and scrutinized by an independent and external team of reviewers, ensuring that the banks have implemented a fair, prompt and transparent appeals process. Each appeal is also reviewed by […]

Managing Debt

Managing Debt

This content is taken from our Credit Control Guide No matter how good your procedures, or how effectively you manage them, it is inevitable that, at some point, you will face dealing with debtors. This section will help you to keep on top of what you are owed and assist with making recoveries. Effective debt […]

Alternative finance for small businesses

Alternative finance for small businesses

What is alternative finance? Alternative finance is a catch-all term encompassing a range of emerging and lesser known lending options. Research from Touch Financial has revealed that most small businesses aren't aware of alternative sources of finance. Not surprising when 80% of businesses whose applications were rejected by a bank said they were not given […]

Debt collection

Debt collection

This content is taken from our online Credit Control Guide, available as part of Intermediate and Advanced Forum membership. Debt collection should follow a defined timetable or programme and you should ensure that all relevant staff are fully informed. Keep records of action taken regarding each debtor. Some computer software packages allow for details to […]

Enterprise Finance Guarantee

Enterprise Finance Guarantee

Under the Enterprise Finance Guarantee (EFG), the Government guarantees lending to viable businesses to ensure that they can get the working capital and investment they need, where a sound proposition may otherwise be declined due to a lack of security. The EFG can be used to cover: new term loans of between one and ten years; […]

External assistance

External assistance

This content is taken from our online Credit Control Guide, available as part of Intermediate and Advanced membership. If all your internal procedures for collecting debt have been tried and the customer has still failed to pay the debt, it may be necessary to turn to external assistance. The following forms of external assistance are […]