Continuing economic uncertainty means most businesses are still cautious about raising finance in 2013, research finds. According to a study of 800 business leaders by YouGov on behalf of Baker Tilly, more than 80 per cent of businesses that raised finance over the last 12 months had turned to their bank to meet those funding requirements. However, despite the generally positive attitude towards banks revealed by the study, businesses are still very cautious about increasing their debt. Fewer than one in four say they plan to raise finance this year,
Read more →In January 2013, the amount business owners will be able to write off as tax-deductible capital expenditure in the year of purchase will increase from £25,000 to £250,000. This is a massive boost and far more significant than the previous government’s attempt at encouraging investment amongst business owners. Back in April 2010 the relief was £100,000, which was also generous, but not perhaps quite large enough to enable a lot of companies to write off all their capital purchases in the first year. This new limit however will achieve
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