Tower News & Blog
Senior Manager & Certification Regime (SMCR)
As you are probably aware, SMCR comes into force on 9 December 2019 and affects all Financial Services and Markets Act (FSMA) authorised firms. SMCR is a major change and will require firms to think carefully about how they approach both implementation and ongoing...
What to do if the bank turns you down for a small business loan
Securing finance with the bank can be extremely difficult. Banks do lend, but they can be overly cautious when it comes to small business loans. In today's uncertain climate it often isn't enough to make a visit to the bank manager with a solid business plan and a...
The difference between secured and unsecured loans
When it comes to getting a loan, you’ll either have the option of getting it secured or unsecured. For anyone who has never taken out any form of finance, it can be difficult to know exactly what these terms mean and how they will reflect on your loan. Here we will...
Is your business cost-effective?
When it comes to business, profit margins are the be-all and end-all. With so many expenses coming from different angles, it can be incredibly difficult to ensure you’re keeping your business cost-effective. Thousands of SMEs fail every year on account of cash-flow...
2 ways to get paid on time as a small business
Late payment is a significant problem for small businesses in the UK, particularly those that supply larger organisations as they have little power to enforce payment without jeopardising their position in the supply chain. In fact, research by the Federation of Small...
Common mistakes when growing a business
For every small business, the opportunity to grow and expand is alluring. In the early days, running a small company can be a frustrating and unrewarding experience, so it can be tempting to try and grow - and therefore spread the working load - rapidly. However, this...
Cash flow advice for start ups
One of the primary reasons that new businesses fail is due to running out of cash. They overextend themselves, investing too much money into fixed assets at the beginning, without anticipating their future cashflow needs, and not considering a contingency fund. As...
How to find the right finance broker
When it comes to anything to do with securing finance or finding better ways to manage your money, it makes sense to be able to properly engage with the broker you choose. But first, you need to know how to find the right finance broker. We offer some advice based on...
How to brand your startup
Starting a business can be an exciting time for a wide variety of different reasons. You can get caught up in costs, sales and employees and actually forget about something incredibly important, your brand. Here we look at how you’ll be able to develop your successful...
6 ways to avoid expansion failure
Expanding your business can be a very exciting time. While there are plenty of signs that show you should expand, you also need to do it in the right way. Here we look at 6 ways to avoid expansion failure and make your business a success. Not planning ahead To get...
Why SMEs are rejecting banks and turning to the alternatives
Half of small- and medium-sized enterprises (SMEs) would not go to a bank when seeking business finance, a new survey has found. According to the latest research from alternative lender Growth Street, SMEs are increasingly rejecting banks in favour of less...
Don’t miss your next tax bill from HMRC
Nobody wants to be in debt, and being in debt to the tax authorities is likely everyone's biggest worry. If you receive a tax bill from HMRC, it's important that you pay it immediately. But what happens if you don't pay by the deadline given? Call HMRC and pay all...
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