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There are a variety of reasons why this past year has been challenging. Businesses worldwide have become accustomed to adapting to new circumstances due to post-pandemic complexities, war-induced energy crises, cryptocurrency market crashes, high inflation and soaring interest rates. However, despite all these challenges, the UK fintech market has grown steadily and has provided businesses …

A Look at the Top Six Fintech Trends in the UK in 2023 Read More »

A culture of late payments by bigger companies is leaving small businesses struggling to get by. According to research done by US Bank, 82% of failed US businesses collapse for the same reason: insufficient cashflow. Big businesses often do not pay smaller suppliers quickly enough, with many insisting on 90-day payment terms. This leaves already vulnerable businesses …

Small businesses need quicker payments to survive Read More »

After another month of grim reading in terms of national insolvency figures, many firms will be acutely aware that – as the economic situation deteriorates further – they could be next. Lynne Darcey Quigley, Founder and CEO of Know-it, discusses how firms can mitigate risk, and avoid becoming a statistic in the months ahead. Amidst …

Cashflow is king to avoid becoming an insolvency statistic Read More »

As of November 1st, businesses will no longer be able to access HMRC’s VAT online portal when it comes to filing monthly and quarterly VAT returns the old way. Having successfully set the ball rolling in the Making Tax Digital (MTD) initiative, with 1.8 million businesses utilising the service – everything is about to change.  Preparation is …

Making Tax Digital: How Portal Closure Will Impact Your Business & What Are The Alternatives Read More »

A combination of skills shortages and Covid-related backlogs has compounded the judicial system into a state of crisis in recent years. Legal experts have warned that record long civil court delays will create complications for UK businesses, after data earlier this year showed claimants must now face 74 weeks waiting times before their cases are heard. Technology …

Financial automation: How the cloud is eliminating the need to recover commercial debt via the courts Read More »