Making Tax Digital (MTD) is the government’s initiative to modernise and simplify tax administration for everyone by moving the whole process online. This pioneering venture promises to make tax submissions more effective, more efficient and easier for taxpayers. However, with recent research suggesting that 30% of businesses are unaware of what this means for them we’ve written the following b...
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Sales are flying out, margins are high and in fact, business is booming, that’s great news, but you know your business has so much more potential so now it’s time to take it to the next level.
However, with growth comes new problems, with an increase in demand for your product will you have the capacity to cope, and continue to provide the same excellent levels of service that has taken y...
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When you have made the major decision to start your own business you can get caught up with excitement of it all and you just want to begin trading as soon as possible. But hold on and take a step back, preparation is key and it is important to plan correctly from the beginning before you go hurtling headfirst into what promises to be an unforgettable venture. Here we have a seven step guide to...
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The excitement about launching your own start-up can be so overwhelming that many will opt to work from home without paying much thought to the concept of co-working. This is understandable when you consider the amount of work and time dedicated to planning and preparing your start-up for launch.
However, research suggests that many businesses outstay their home base which results i...
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A business plan is essentially a document that describes what your business does, where your business intends to be in the future and how you, plan to achieve this. A well-produced business plan is crucial for all new companies and can determine whether a much-needed investment is secured.
The vast majority of business plans are devised by new companies to portray their vision to prospect...
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With more than 2 million freelancers in the UK and the number set to increase considerably over the next five years more and more people are becoming part of the gig economy. Economists estimate that freelancers contributed £120 billion pounds to the UK economy and 65% of UK businesses have used the services of freelancers.
Giving up a regular salary to become a freelancer can be seen as ...
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So, you have already decided that setting up a limited company is the best option for you and your business and although it seems more complicated than registering as a sole trader or a business partnership, this article will help guide you through the whole process.
Limited companies come in two types: those limited by shares or companies limited by guarantee. The main difference between...
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Leaving the world of being an employee to working for yourself does seem to many like the perfect dream, one that 5 million people in the UK have made come true. However, if you are pondering over whether you should make that move, we have put together some of the benefits and disadvantages of becoming your own boss to help you decide whether the grass really is greener on the other side.
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