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Top 15 points in the Small Business Bill

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The Small Business, Enterprise and Employment Bill is going through parliment now

The Bill will open up new opportunities for small businesses to:

  • compete
  • get finance to create jobs
  • grow
  • innovate
  • export

Here are my top 15 key points:

  1. For every piece of legislative brought in two pieces will be removed
  2. Prompt Payment
  3. Changes to Childcare Early Years and Child Minder Registrations
  4. Cheque imaging from smart phones (Presentment of Cheques)
  5. Banks will share data on Small Businesses with other Lenders
  6. Invalidating restrictive terms in business contracts to increase access to Invoice Discounting
  7. Company Transparency – Register of People with Significant Control
  8. Accelerated Strike Off
  9. Company filing changes
  10. Directors Disqualification – tougher rules
  11. Schools, Colleges, Higher Education to track students into the labour force
  12. Penalties for employers who fail to pay an Employment Tribunal award
  13. Penalties for non compliance with National Minimum Wage increased to 100% or upto £20,000
  14. Improved access to alternative finance
  15. Streamlined Company Registration

These are major changes that will affect us all!

steve@bicknells.net


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