According to Syscap, Firms will soon have credit lines available for the first time since the global economy went into meltdown last year. After the collapse of Landsbanki subsidiary Key Business Finance in October last year, Firms have been finding it difficult to secure finance and Syscap has now secured new lines of funding worth [...]

The code of practice proposed by Treasury to help crack down on tax avoidance will undermine the UK as a financial centre, critics from city law firms have told the Daily Telegraph. Michael Wistow, head of tax at City law firm Berwin Leighton Paisner, said that the code would make the UK ‘a less attractive [...]

The next two years is a make or break period for companies, and the way managers’ respond to the downturn will determine winners and losers for the next decade. During a recession, it is noted that company performance is much more variable than during boom years. A study by Deloitte has revealed the extent of [...]

BT Business has launched an online accounting application aimed at SMEs and their advisers. It will offer Xero, which its makers claim to be “The World’s Easiest Accounting System”, as Software as a Service meaning that users will simply need to log on from any Internet access point. To sweeten the deal to new users, [...]

Nearly 100 businesses will fail every day this year, research by BDO Stoy Hayward shows. According to the report, low interest rates and policy measures aimed at boosting the economy are not likely to halt the rate of UK business failures until at least 2011, paving the way for a far worse picture to come [...]