1.6 million UK businesses ‘virtually invisible to the financial system’

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More than 1.6 million UK businesses can struggle to access growth funding or trade credit because there is insufficient information available about their financial track record, according to analysis from Experian. 

This lack of credit information means these SMEs can be considered higher risk when it comes to lending.

These ‘SME Invisibles’ are either too new to file their first set of accounts, or only submit a balance sheet which doesn’t include profit and loss. As a result, they may struggle to access the growth funding needed to take their business to the next level, or even trade credit to buy products and materials.

Lisa Fretwell, Managing Director of Data Services at Experian, said: “More than 600,000 start-ups are created in the UK every year. The early years of trading are the most precarious, when directors are finding their feet, searching for new clients and often funding to keep their business moving forward.

“Accessing business loans and trade credit requires a strong credit history, but so many SMEs have not been trading long enough to create a footprint or be required to file full accounts. Experian has worked hard to almost halve the SME Invisible population through adding new data

American Airlines Boeing 737 MAX Flight Aims To Reassure

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The Boeing 737 MAX will take another key step in its comeback to commercial travel on Wednesday by attempting to reassure the public with a test flight by American Airlines conducted for the news media.

After being grounded for 20 months following two deadly crashes, US air safety officials in mid-November cleared the MAX to return to service following changes to the plane and pilot training protocols.

Brazilian authorities have also okayed the MAX to fly again, while European officials are expected to approve the MAX’s return by the end of January 2021. China remains the main mystery as far as when it expects the MAX to fly again.

American Airlines plans an initial commercial flight on December 29.





American Airlines has scheduled its first commercial flight with the Boeing 737 MAX late this month following a lengthy grounding
 AFP / Jason Redmond

The test flight Wednesday between American’s headquarters in Dallas and its maintenance center in Tulsa is intended to bolster public confidence in the jet.

The MAX had been a cash cow for Boeing prior to the Lion Air and Ethiopian Airlines crashes that together claimed 346 lives. Those calamities plunged the aerospace giant into a crisis that

Why Purchasing expensive .bond domain is indicator of reputable institution

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Reputability is everything when it comes to financial decisions and investment.

You can think of your reputation as a form of currency; businesses without a solid reputation will quickly find their cash flow dwindling.

No matter the size of your company, you should be making a point to be thinking about your presence online. As we increasingly live our lives online, we have to ensure that the first impression counts while remembering that last impressions are forever.

Registering a .BOND domain name could be the first step towards your digital success.

If you are a financial institution, such as a bank, a trust, an insurance company a brokerage firm, or and investment dealer, then you are engaged in the business of dealing with financial and monetary transactions encompassing a broad range of business operations within the financial services sector.

Making decisions about domain extensions and cybersecurity typically aren’t part of the daily business. However, that doesn’t mean that they are any less important for long-term success.

An important aspect of a proactive branding strategy and establishing a trustworthy online presence is your domain name. But the name itself is only part of the deal; you also have to determine which

US Predicts ‘Vaccines Before Christmas’ As Virus Super-surge Looms

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Hopes for a first wave of vaccinations before the end of 2020 received a boost with US firm Moderna saying it was filing Monday for emergency authorization of its Covid-19 vaccine in the United States and Europe.

After top US scientists warned Americans to brace for a “surge superimposed on the surge,” Moderna reported full results had confirmed a high efficacy estimated at 94.1 percent.





The first of Moderna’s two doses could be injected into the arms of millions of Americans by the middle of December
 AFP / JOEL SAGET

It was set to join American pharmaceutical maker Pfizer and Germany’s BioNTech, which applied for similar approvals last week, and have predicted their vaccine could be greenlit in the US shortly after December 10.

If the US Food and Drug Administration agrees Moderna’s product is safe and effective, the first of the drug’s two doses could be injected into the arms of millions of Americans by the middle of December.



How Moderna's vaccine uses genetic information from SARS-CoV-2 to stimulate the body's immune response. Moderna said it would file requests for use of its vaccine in the US and Europe on November 30


How Moderna’s vaccine uses genetic information from SARS-CoV-2 to stimulate the body’s immune response. Moderna said it would file requests for use of its vaccine in the US and Europe on November 30
 AFP / John SAEKI

“We believe that

How to reduce the business or personal tax you will pay this year

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One good way to focus on tax savings this year is to ensure you have a tax plan.  Unless you specifically plan to save it is very unlikely to happen.

And in addition, you are likely to pay more tax than necessary. This applies to both business and personal tax.

Avoid retrospective tax planning and aggressive tax schemes – Jonathan Amponsah CTA FCCA, The Tax Guys explains here that there might be are areas you or your accountant have neglected. Despite what you may have heard, there are still plenty of legitimate ways to save tax and sleep well at night.

Let’s look at some areas where tax can often be saved so that you can see if they are likely to apply to your situation:

Save Income Tax by Using A Property Company

If you’re a landlord with a portfolio of properties in your name, you’re likely to be paying more tax via the self-assessment system because of the recent changes in property tax and, notably, the mortgage interest restriction. Companies are not affected by the mortgage interest restriction and they do pay lower rates of tax. However please do seek specialist tax advice because there are some tax

French Protesters Clash With Police Over New Security Law

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Violent clashes erupted in Paris Saturday as tens of thousands took to the streets to protest against new security legislation, with tensions intensified by the police beating and racial abuse of a black man that shocked France.

Several fires were started in Paris, sending acrid smoke into the air, as protesters vented their anger against the security law which would restrict the publication of police officers’ faces.





Protesters are calling for the controversial article to be withdrawn
 AFP / JEAN-FRANCOIS MONIER

Some 46,000 people marched in Paris and 133,000 in total nationwide, the interior ministry said. Protest organisers said some 500,000 joined nationwide, including 200,000 in the capital.

President Emmanuel Macron said late Friday that the images of the beating of black music producer Michel Zecler by police officers in Paris last weekend “shame us”. The incident had magnified concerns about alleged systemic racism in the police force.



The article in the "global security" draft law seeks to limit filming and photographing police officers on duty with the intent of harming their "physical or psychological integrity


The article in the “global security” draft law seeks to limit filming and photographing police officers on duty with the intent of harming their “physical or psychological integrity”
 AFP / JEAN-FRANCOIS MONIER

“Police everywhere, justice nowhere” and “police state” and “smile while you are beaten” were among the slogans brandished as protesters

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