Rachel Miller

4 days ago | marketingdonut.co.uk | Rachel Miller

New research suggests that three in four entrepreneurs are open to switching to a new bank in a bid to get better value out of their business accounts. A new poll of 1,000 UK small business owners, conducted by Censuswide for the Current Account Switch Service, has found that 73% of SMEs would consider switching to a new business bank account if it better suited their needs.

1 week ago | marketingdonut.co.uk | Rachel Miller

Three-quarters of UK entrepreneurs rethink their business banking needs amid digital and financial shifts New research from the Current Account Switch Service reveals that almost three quarters (73%) of the UK’s small business owners would consider switching to a new business bank account if it better suited their needs – with lower fees (50%), switching incentives (34%), and improved interest rates (31%) cited as top motivators.

1 week ago | marketingdonut.co.uk | Rachel Miller

More than half of UK businesses now use AI but employers need to do more to address the concerns of their staff, says Acas. More than a quarter (26%) of workers are worried that artificial intelligence (AI) will lead to job losses, according to a new YouGov survey commissioned by Acas. The poll also found that just under a fifth (17%) were worried about AI making errors, while 15% were concerned about a lack of regulation.

1 week ago | marketingdonut.co.uk | Rachel Miller

Over two-thirds of Gen Z workers have entrepreneurial ambitions, according to new research, but at the same time there are a worrying number of young people that are not in employment, education or training. A survey of 1,000 employees aged 18-27 years old who are currently working in UK businesses has found that 67% of them have ambitions to start their own business.

2 weeks ago | marketingdonut.co.uk | Rachel Miller

Small businesses owners spend an average of £4,500 a year making sure that they comply with UK tax laws; the Federation of Small Businesses is campaigning to get that cost reduced. The Federation of Small Businesses (FSB) is calling for the cost of tax compliance to be lowered by a third, a time limit to be set on tax investigations, and for HMRC to speed up replies to customer queries. FSB research shows that small business owners spend an average of £4,500 and 44 hours per year on tax admin.