Franchise Focus Business News…

In this week’s Franchise Update, we report on Lord Carter’s controversial Digital Britain report and the Association of Certified Chartered Accountants’ call for more guidance for small businesses on tax law.

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The Digital Britain report published Lord Carter of Barnes, Minister for Communications, Technology and Broadcasting has been met with controversy from industry officials. David Frost, Director General of the British Chambers of Commerce (BCC), has hit out saying that the report is not ambitious enough. Visit Culture.gov to read the the Digital Britain report and decide for yourself.

A new ACCA policy paper highlights certain areas that the association believes require specific attention by governments across the world, including simplifying legislation, tightening the rules on the difference between tax avoidance and evasion and making green tax laws more explicit and accessible. Visit the ACCA’s website to find out more about green tax laws and more!

In this week’s episode of Franchise Update, we bring you news on a report published by the bfa, on the ongoing success of the franchise industry despite the economic downturn as well as what Sir Alan Sugar’s appointment as enterprise tzar will mean for the small business industry.

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The British Franchise Association have released a report which shows that over 90% of franchises are trading profitably and the industry contributed over £11 billion to the UK’s GDP last year.

Sir Alan Sugar has been announced as the government’s Enterprise Champion. As part of his appointment, Sir Alan is expected to give advice on how to ensure small businesses and entrepreneurs make the most of the real help available from Government and other organisations. It is expected that he may look at specific areas such as access to finance, prompt payment, how to handle the downturn and how to start a new business.

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