Starting a new business? Get 40% off our accountancy services for 3 months! 😎


As the government examines ways to improve performance of private sector businesses, business schools will be deployed to offer training to leaders of family business. Master’s in Business Administration courses have traditionally been popular with career minded individuals who are eager to work their way up the ranks of multinational companies. The Department of Business will collaborate with business schools to improve content aimed at family businesses.

As the government focused on mid-sized businesses, many of which are family businesses, research discovered that family businesses are typically not as strong as businesses run by professionals. The business minister, Mark Prisk said that the highest performers at the business schools would be placed into mid-sized businesses.

During an interview with Your Business, Mr Prisk emphasised that he didn’t think businesses should be advised by the government on how to operate. He said that the government were supporting an environment of trade and allowing companies to plough profits back into their businesses. To this end he demonstrated the reduction in Corporation Tax which would take place in April 2012 to 25 percent.

In conclusion, the Business Department has decided that the government support the large multinationals and the smallest businesses, which leaves the medium sized companies without adequate support. Improving management skills is essential, according to Mark Prisk who said:

“It is a really important part of strengthening those mid-sized businesses, who have fantastic potential but who at times underperformed.”

Prisk believes there are a number of businesses which are family owned that are high performers, and the government and industry has to strive for improvement each year.

Notify of
Inline Feedbacks
View all comments

Read more posts...

What is a Non-Established Taxable Person for VAT?

There are special VAT rules in place for online sellers who are classed as non-established taxable persons (NETPs), and use an online…

Read More

The Accountancy Partnership – Our Positive Reviews

Here at The Accountancy Partnership, we’re proud of our customer reviews The reviews we receive from our customers show how hard we…

Read More

What Employers Need to Know About Statutory Maternity Pay

There’s lots to think about as an employer, but one big thing you don’t want to fly under your radar is what…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.


You will receive our bookkeeping software Pandle for free, as part of your package.

You can use this to complete your own bookkeeping, or we can provide a quote to complete your bookkeeping for you.

Please select and option below:

I will do my own bookkeeping
I want you to do my bookkeeping

Call us on 020 3355 4047 if you’re not sure.